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FOR RELEASE Wednesday, September 28, 2005
CINCINNATI – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today launched the UGS Velocity Series™ portfolio, the PLM industry’s first software solution to provide enterprise-level PLM to mid-size manufacturers in an easy-to-use, preconfigured portfolio with a low total cost of ownership.
UGS made the announcement at the 2005 Solid Edge User Summit and Executive Symposium which began today and runs through Friday. Solid Edge® digital product development software is part of the UGS Velocity Series portfolio.
A key component of UGS’ newly-announced mid-market strategy along with a new Global Channel program (see separate releases issued today), the UGS Velocity Series marks the first mid-market offering to combine industry-proven digital product development solutions with the unparalleled technology of UGS’ Teamcenter® product line. UGS Velocity Series is a comprehensive preconfigured software portfolio that integrates a new streamlined version of the Teamcenter offering for collaborative product data management (cPDM) – called Teamcenter® Express – with UGS’ mainstream 3D computer-aided design (CAD) application, Solid Edge and Femap® product offerings for powerful computer-aided engineering analysis (CAE).
“The UGS Velocity Series is about speed – speed personified. For our customers it means speed of deployment and speed to market for their products.” said Bruce Boes, vice president, UGS Velocity Series Marketing. “Now businesses of all sizes can rapidly deploy a high-performance PLM program previously only available to companies with greater IT resources and larger budgets.”
Mid-size manufacturers can leverage the power of the UGS Velocity Series to transform their process of innovation while maintaining a low total cost of ownership. The UGS Velocity Series uses the industry’s best practices to provide significant breakthroughs in ease-of-use and deployment.
"UGS’ research has absolutely nailed the needs of manufacturing companies in the mid market segment,” said Monica Schnitger, senior vice president, Market Analysis, Daratech Inc. “The announcement of the UGS Velocity Series illustrates a clear commitment by UGS to provide solutions to the mid-market while offering a clear path for future scalability, unmatched by competitive offerings targeted at the mid-market. The inclusion of Teamcenter Express in the Velocity Series provides UGS with an important advantage as they seek to expand their presence in the mid-market and build on the solid foundation of NX and Solid Edge.”
Mid-size manufacturers like Pella - one of the world’s leading developers of premium-quality windows and doors – need the power of enterprise-level data management capabilities but at a price and usability point not offered previously in the industry.
“UGS Velocity Series is the perfect combination of functionality and ease-of-use for innovative manufacturers like us,” said Ken Grundey, engineering CAD specialist, Pella Corp. “Teamcenter Express is an invisible, intuitive software system that seamlessly integrates into our processes, saving valuable time and money. We believe Teamcenter Express provides the right fit of data and process management for Pella to help us best serve the window and door needs of our customers.”
The UGS Velocity Series portfolio provides important functionality to mid-size manufacturers, gained through years of experience with application-specific domains, codeless workflow automation, knowledge capture and secure collaboration. This knowledge enables UGS to provide Teamcenter Express coupled with Solid Edge and Femap capabilities to deliver mid-size manufacturers more advanced tools, with the ease of use and low total cost of ownership that they require.
The UGS Velocity Series allows mid-size manufacturers to effectively compete with larger companies who command superior resources by:
UGS Velocity Series products improve the speed, efficiency, and quality of the engineering environment at a low cost of ownership through two important features,” said Bill McClure, vice president, UGS Velocity Series Development, UGS. “First, the portfolio is offered standalone or integrated and is completely scalable to our full PLM solutions portfolio. Second, UGS Velocity Series provides preconfigured best practices in a Windows environment, which enables easy implementation, training and usability. Furthermore, through its built-in integration with a wide variety of third-party applications, the UGS Velocity Series continues to build on our ‘Open by Design’ strategy.”
Specific product information will be made available through news releases issued tomorrow, Sept. 29. For more information, visit www.ugs.com/velocity.
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, NX, Solid Edge, Femap, Velocity Series 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.
The statements in this news release that are not historical statements, including statements regarding expected benefits of the product, adoption by customers, continued innovation and other statements identified by forward looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to developments in the PLM industry, competition, failure to innovate and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its registration statement on Form S-4 most recently filed with the SEC. UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.