Autodesk and PTC Announces Interoperability Agreement

Mumbai, Dec 22 (UNI) Autodesk, Inc (NASDAQ: ADSK) and PTC (NASDAQ: PMTC) today announced a technology exchange agreement to expand interoperability options for their customers and the manufacturing industry.

This agreement brings together two software leaders with the common goal of facilitating software interoperability for organizations with multi-CAD environments.

Today's manufacturers are under pressure to get high quality products to market faster, with increased efficiencies and lower costs to the consumer.

As part of this effort, many have adopted a multi-CAD strategy, either internally between departments or externally with partners and supply chains. This interoperability agreement aims to decrease the overall effort and costs that are commonly associated with supporting these environments. Autodesk and PTC plan to provide customers with out-of-the-box integrations between their solutions that will enable organizations to work more efficiently with the product development strategies currently in place and the flexibility to adopt future strategies.

''Interoperability continues to be a major challenge in manufacturing sectors including aerospace, automotive, high technology and industrial machinery,''Robert Kross, vice president of Manufacturing Solutions at Autodesk said in a statement here today.

''PTC recognizes that manufacturers manage complex business processes which often include heterogeneous design environments,'' said Brian Shepherd, divisional vice president, product management at PTC.

''We have chosen to continue our focus on eliminating interoperability challenges so that customers can place greater attention on the true value-added activities of product development.,''he said.

UNI AR PM SKB1540