Tuesday, May 13, 2008
Plano-based Siemens PLM Software shares milestones
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PLANO — Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a global provider of product lifecycle management (PLM) software and services, today celebrated a series of milestones achieved during its first year as part of Siemens AG -- capped by the results of two new reports from leading industry analyst firms highlighting its growing position as a leader in the PLM market and its commitment to digital product development through the establishment of a new standard for mechanical computer-aided design (CAD).
"In the one year since Siemens AG announced the close of its acquisition of UGS, we have successfully integrated our operations into those of Siemens while concurrently growing our business and capturing market share in the PLM industry," said Tony Affuso, chairman and CEO of Siemens PLM Software. "It's been a strong first year for us as part of Siemens, and we look forward to a long and successful future as a member of the Siemens family."
"In addition, we moved forward with our Unified Product and Production Initiative, which we believe will fundamentally alter the landscape of what companies can expect from industry software by providing them with greater speed and confidence in bringing products to market than they have ever experienced," said Dr. Helmuth Ludwig, president, Siemens PLM Software. "And more recently at Hanover Fair, we launched our new synchronous technology thanks to Siemens' ability to accelerate this breakthrough technology to market. Siemens and UGS are a great combination and are off to a fast start."
Source: Siemens PLM Software
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