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PTC Named a Leader in Independent Research Firm's Application Life-Cycle Management Q4 2012 Report
NEEDHAM, Mass. --(Business Wire)--
Business innovation now drives the application lifecycle management
(ALM) market, estimated by some industry analysts to be at $1.4 billion
in 2009 and growing at eight percent annually. PTC (Nasdaq:PMTC) today
announced it has been named a leader in application lifecycle management
software according to a new report from Forrester (News - Alert) Research, Inc., The
Forrester Wave™: Application Life-Cycle Management, Q4 2012. Forrester
examined the capabilities and strategies of nine key vendors in the ALM
space and determined that PTC continues its leadership position by
addressing regulated and digital products needs and provides strength
where product-based development and compliance intersect.
Forrester Research (News - Alert) Application Life-Cycle Management Wave evaluation
criteria includes the ability to deliver business value, not just drive
process efficiency. "PTC's focus on compliance, including the highly
regulated world of embedded software, has made it the only ALM vendor to
provide out-of-the-box many of the workflows and reports needed to
satisfy regulatory authorities," said the report.
According to the report, "the contribution that application development
and delivery makes to a company's business goals - making workers more
productive, creating engaging customer experiences, and bringing new
software products to market more successfully - must be more direct and
successful. Software increasingly plays a central role in a firm's
ability to deliver new products and services."
The report also states that "PTC provides strength where product-based
development and compliance intersect," and that PTC has done "much to
support teams of embedded software developers and systems engineers." In
addition, PTC helps firms "address 'digital product' development needs -
for products such as appliances, vehicles and medical devices that have
software components - while still maintaining support for teams building
and delivering software-only products and projects." Finally, "PTC's
strength rests on its long-standing support for addressing governance
and compliance challenges."
PTC ALM solutions are a good choice for organizations that build and
deliver software as a critical part of their product development while
needing collaboration and integration between software engineering teams
and the other engineering groups within the organization. Directly, ALM
offers significant value to a company, but ALM also enhances other
enterprise systems, such as product lifecycle management (PLM) to enable
users to improve time to market, reduce product costs, manage quality
initiatives and drive global product development. For more information,
reference The
Forrester Wave™: Application Life-Cycle Management, Q4 2012.
PTC ALM solutions are optimized for discrete manufacturers where
coordination and collaboration between software and hardware teams is
critical to understand product release readiness, support variant
complexity, automate development processes, ensure complete lifecycle
traceability and manage change.
"The use of software is exploding inside our customers' products, with a
majority of them planning to increase their software development efforts
within products over the next five years," said Jake Simpson, general
manager ALM, PTC. "We believe that Forrester Research, Inc. has
recognized our strategic commitment to application lifecycle management
and the positive impact that PTC solutions can deliver to manufacturers
striving to develop software-intensive products."
Additional Resources
About PTC
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product
and service advantage. The company's technology solutions help customers
transform the way they create and service products across the entire
product lifecycle - from conception and design to sourcing and service.
Founded in 1985, PTC employs over 6,000 professionals serving more than
27,000 businesses in rapidly-evolving, globally distributed
manufacturing industries worldwide. Get more information at www.ptc.com.
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