| [October 16, 2006] |
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Business Engine Seals Partnership with UGS
SAN FRANCISCO --(Business Wire)-- Business Engine, a market leader in portfolio management software solutions for IT and R&D organizations, today announced it has joined the UGS Partner Program as a software "Foundation" member. The partnership covers the Business Engine Network (BEN) and UGS Corp.'s Teamcenter(R) product suites.
By leveraging BEN technology in conjunction with Teamcenter, the world's most widely used PLM portfolio, disciplined companies can better understand their product portfolios and develop new product opportunities based on existing market acceptance. Evaluating a new product decision requires a sophisticated process of assessing alternative portfolio scenarios against risk, return on investment and strategic contribution.
"We recognize the importance of product portfolio optimization in helping companies understand the best approach to building innovative products. Business Engine is an important contributor in this effort," said Bill Boswell, senior director of Teamcenter Product Marketing, UGS.
Business Engine was recently recognized by Forrester Research as a market leader based on the Company's introduction of compelling new products and an expanding customer roster. The Company has also recently acquired Australian-based Xylogy Research as a part of its continued growth strategy.
Business Engine President and CEO, Mark Strauch added, "This partnership with UGS reinforces our position as a leader in the portfolio management software market and establishes a global channel for us in the product development realm. We are thrilled to be working with an organization of the calibre of UGS. The product and customer fit is strong."
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. UGS serves the PLM needs of a variety of industries including automotive, aerospace and defence, consumer products and high-tech electronics. Leading manufacturers around the globe rely on UGS(R) software to develop some of the world's most complex and sophisticated products. The company was most recently recognized by Gartner Group, a respected industry analyst, as a "Leader" in its PLM Magic Quadrant.
About Business Engine
Business Engine is a market leader in portfolio management software solutions for IT and R&D organizations. Our solutions provide visibility and control across the entire portfolio and specialize in providing financial transparency into spend and performance. IT organizations are therefore able to achieve alignment with their internal business customers by proving value for money. R&D organizations are able to optimize the product portfolio by balancing risk and reward to ensure products get to market on time and on budget. Business Engine serves more than 80,000 end users at over 500 organizations, including Advanced Medical Optics, Deutsche Bank, Merrill Lynch, Delphi and Northrop Grumman.
Visit www.BusinessEngine.com for more information.
UGS and Teamcenter are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries
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