FOR RELEASE Monday, July 25, 2005
PLANO, Texas and NEW YORK – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, and Tata Consultancy Services (TCS) (BOMBAY: TCS.BO, NSI: TCS.NS), a leading global technology services firm, today announced the availability of Teamcenter® FDA Accelerator solution for the medical devices industry. This solution, built on the Teamcenter open PLM foundation enables TCS to bring its vertical solution capability to market on the industry leading PLM platform.
Teamcenter - FDA Accelerator allows customers to manage digital product information across the lifecycle in accordance with FDA regulatory requirements and provides improved reliability and enhanced product quality at reduced costs and at the same time fulfilling FDA requirements for new product introduction.
“Teamcenter - FDA Accelerator, developed by our strategic partner TCS for the medical devices industry, provides our customers with an integrated out-of-the-box solution to comply with FDA requirements,” said Raj Khoshoo, vice president of strategic initiatives, UGS. “This robust solution, which incorporates industry best practices, is a perfect example of how UGS’ open strategy allows partners to add industry vertical solutions on top of our products.”
“Development of Teamcenter - FDA Accelerator is part of TCS’ industry solutions initiative to provide quick value to customers implementing PLM solutions to address their business needs by dramatically decreasing cost and deployment time,” said Ravi Gopinath, vice president, engineering and industrial services business unit and manufacturing practice, TCS. “Teamcenter - FDA Accelerator will be available for deployment through UGS’ direct channel as well as their partners and distributors.”
Good Manufacturing Practice (GMP) - 21 CFR Part 820 calls for process and organization control to ensure authenticity, integrity and confidentiality on all product records from design, manufacture, testing, packing, storage, installation and service to retirement of medical devices. 21 CFR Part 11 provides rules for acceptance of electronic records and signatures. Teamcenter - FDA Accelerator provides a reliable quality assurance environment as per FDA requirement of 21 CFR Part 11 and Part 820, to create, manage, control, track and distribute all electronic product records associated with the lifecycle of a product.
Teamcenter, the de facto standard for PLM, connects people and processes – creating, capturing and sharing product knowledge to power innovation and productivity, through an integrated portfolio of proven solutions built on Teamcenter’s open PLM foundation. Teamcenter leads the PLM industry with digital product development, engineering process management and product knowledge management solutions that deliver fast time-to-value.
Tata Consultancy Services (TCS) is the world-leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value.
TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the “Global Delivery Model,” this strategic services delivery concept has reshaped the IT services industry.
More than 90 percent of TCS customers reward the company’s reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With more than 43,000 of the world’s best trained IT consultants located in 32 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location.
TCS reported consolidated revenues of $2.24 billion (U.S.) in the fiscal year 2004-2005. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information: www.tcs.com.
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, Transforming the process of Innovation and Teamcenter are trademarks or registered trademark 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.