FOR RELEASE Wednesday, April 12, 2006
PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced that Frost & Sullivan, a global growth consulting company, will present UGS with the 2006 Product Lifecycle Management Solutions Company of the Year Award during the annual Frost & Sullivan Best Practices Awards Banquet in Orlando, Fla. on April 26th.
The Company of the Year Award is presented each year to the solutions company that has demonstrated excellence in all operations. The award is based on numerous factors including the company’s business development, competitive strategy and leadership within a particular Frost & Sullivan Industry Research Group. The award recipient also must demonstrate superior market growth skills through significant gains in the market and must take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
“It is a great honor for UGS to receive such a prestigious award,” said Tony Affuso, chairman, CEO and president of UGS. “One of the primary challenges for our customers is to drive the process of innovation along with globalization. UGS has successfully helped its customers overcome this challenge through its innovative collaborative product data management (cPDM) solution and because the solution is powered by the JT visualization technology, customers are able to share knowledge and information across the organization and throughout the supply chain.”
In order to select the Company of the Year Award recipient, Frost & Sullivan analysts quantify several market factors for each market participant according to predetermined criteria, paying close attention to their combined operations efforts. This process includes interviews with all the market participants, customers and suppliers, along with extensive secondary and technology research. The companies’ efforts are then analyzed based on the number of new customers, new segments and commitment to business expansion coupled with market growth. Industry participants are then ranked based on the predetermined measurement criteria.
“We congratulate UGS on this enormous achievement in the PLM industry,” said Sath Rao, Research Manager for Frost & Sullivan. “UGS exhibited outstanding management, consistent growth, and positive social and economic impact on local and national communities and customers. The company’s exceptional customer service has been noted as a critical success factor, coupled with the ability to combine technology and successful strategic initiatives.”
The recipient of the Company of the Year Award has excelled based on one or more of the following criteria:
UGS has also recently received awards for its products:
UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS’ vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS’ open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation.
Note: UGS, Teamcenter and Transforming the process of innovation are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.