E2022 Archives - �ֲ��ý��Ƶ

�ֲ��ý��Ƶ Successfully Completes 10 Years of Strategic Association with Saudi National Bank

�ֲ��ý��Ƶ — Wed, 28 Sep 2022 06:50:30 +0000

September 28, 2022, Saudi Arabia: �ֲ��ý��Ƶ, a leading global technology services and solutions provider today announced that it has successfully completed 10 years of strategic association with , the largest commercial bank in Saudi Arabia. �ֲ��ý��Ƶ in these years has played a pivotal role in the Bank’s modernization, digital transformation, and growth journey.

Commenting on the relationship, Saleh Saleh, Group Chief Technology and Digital Officer at SNB said, “Our collaboration with �ֲ��ý��Ƶ has been transparent from the start resulting in a fruitful and successful relationship. �ֲ��ý��Ƶ’s deep domain experience have helped leverage growth and profitability in the rapidly transforming competitive landscape. It further enriched and expanded SNB’s digital capabilities that resulted in the successful delivery of a large array of technology projects. We, at SNB, strive to fulfill one of our strategic visions to be the best digital bank and we continue to be a premier financial and banking service provider in the region.”

Vishal Kumar, President and Regional Head- Middle East, Africa & APAC, �ֲ��ý��Ƶ says, “We are very pleased to have collaborated with SNB and have played a pivotal role in their digital transformation. This relationship is a testimony of our proven capabilities and experience in anchoring the Bank’s growth journey and fulfilling its vision. Our association with SNB will set a benchmark in the region and with our capabilities we will be able to contribute to the digital development of the financial and banking operations in Middle East.”

Over the last decade, �ֲ��ý��Ƶ has harnessed its deep-domain expertise and capabilities to deliver best-in-class technology consulting solutions that help clients overcome challenges and accelerate growth in the Kingdom. The company will continue to stay focused and committed to empower clients meet Saudi Arabia’s Vision 2030.

About �ֲ��ý��Ƶ:

�ֲ��ý��Ƶ is a leading global technology services and solutions provider, led by Business and Technology Consulting. �ֲ��ý��Ƶ provides business-friendly solutions to help clients succeed and be future-ready, by seamlessly bringing together digital expertise, strong industry specific alliances and the unique ability to leverage deep domain expertise from ITC Group businesses. The company provides technology solutions and services to enterprises across industries such as Banking & Financial Services, Healthcare, Manufacturing, Consumer Goods, Travel and Hospitality, through a combination of traditional and newer business models, as a long-term sustainable partner. ITC is one of India’s leading private sector companies and a diversified conglomerate with businesses spanning Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. For more information, please visit: http://www.itcinfotech.com/

About The Saudi National Bank SNB:

The Saudi National Bank (SNB) is the largest financial institution in Saudi Arabia and one of the largest powerhouses in the region. SNB plays a vital role in supporting economic transformation in Saudi Arabia by transforming the local banking sector and catalyzing the delivery of Saudi Arabia’s Vision 2030. Its strategy is closely aligned with the Vision’s programs. SNB also leverages its position as the largest institutional and specialized financier in the Kingdom to support the Kingdom’s landmark deals and mega projects. SNB’s vision is to be a premier financial and banking service provider locally and regionally through the fulfilment of strategic aspirations: to be number one in revenues, number one in profit, the best in customer service, the best digital bank, and the employer of choice, and the best Shariah-compliant products service provider in the world. For more information, please visit:

For further information:

Priya Trivedi
Head Media Relations
EMail : priya.trivedi@itcinfotech.com

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�ֲ��ý��Ƶ and PTC Create One of the Industry’s Largest Organisations of Windchill Services Expertise with Expanded Alliance

�ֲ��ý��Ƶ — Thu, 02 Jun 2022 01:30:21 +0000

Companies Combine PLM Experts Under DxP Services, a New �ֲ��ý��Ƶ Business Unit

BANGALORE, INDIA and BOSTON, MA — June 1, 2022 — �ֲ��ý��Ƶ and (NASDAQ: PTC) today announced the closing of the transaction contemplated between the parties under the Strategic Partner Agreement . The transaction is designed to accelerate customer digital transformation initiatives and the adoption of PTC’s industry-leading Windchill® product lifecycle management (PLM) software as a service (SaaS).

Under the agreement, �ֲ��ý��Ƶ has acquired a substantial portion of PTC’s PLM consulting and professional services business, including approximately 160 PLM consultants and services experts, and created a new business unit, called DxP Services, bringing together PLM professionals from both companies. This new business unit within �ֲ��ý��Ƶ is being led by Patrick Bionducci who previously led PTC’s global services business. As a trusted and preferred partner, �ֲ��ý��Ƶ will collaborate with PTC to develop joint offerings to accelerate customer digital transformation initiatives, focused on the adoption of PTC’s Windchill+ PLM SaaS offering.

Thousands of PTC customer systems are expected to be converted to the cloud as part of the multi-year roadmap for the new business unit. To ensure consistency and accuracy of these SaaS conversion projects, PTC and �ֲ��ý��Ƶ are bringing together professionals from both companies into a unified global practice which will create offerings, including the tooling and methodologies required, and execute programs to accelerate the adoption of PTC’s next generation PLM solutions. DxP Services represents one of the largest organisations of Windchill professional services expertise in the industry. It is enabled by rich domain and technical knowledge of a team of experts committed to accelerating customer digital transformation journeys. �ֲ��ý��Ƶ has also deepened its presence in Austria, Brazil, Canada, Denmark, France, Germany, Italy, the Netherlands, Poland, Romania, Sweden, Switzerland, the United Kingdom, and the United States with this transaction, and envisions becoming one of the leading SaaS systems integrators globally.

The overall commitments of �ֲ��ý��Ƶ under the agreement are estimated at around US $115 million, of which US $33 million in cash was received by PTC at the closing of the transaction, with the remainder consisting of a mix of committed and contingent items deliverable over a period of 5 years in accordance with the terms of the agreement.

About �ֲ��ý��Ƶ

�ֲ��ý��Ƶ is a leading global technology services and solutions provider, led by Business and Technology Consulting. �ֲ��ý��Ƶ provides business-friendly solutions to help clients succeed and be future-ready, by seamlessly bringing together digital expertise, strong industry speciﬁc alliances and the unique ability to leverage deep domain expertise from ITC Group businesses. The company provides technology solutions and services to enterprises across industries such as Banking & Financial Services, Healthcare, Manufacturing, Consumer Goods, Travel and Hospitality, through a combination of traditional and newer business models, as a long-term sustainable partner. ITC is one of India’s leading private sector companies and a diversified conglomerate with businesses spanning Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. For more information, please visit:

About PTC

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. For more information, please visit .

Forward-Looking Statements

Statements in this press release that are not historic facts, including statements about customers’ willingness to adopt SaaS solutions for their digital transformation initiatives, the development of technologies and methodologies to expedite the transition to SaaS, and the effect of the transaction on customers, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: customers may be slower to adopt SaaS than we expect or may adopt competing SaaS solutions; the development of technologies and methodologies to expedite customers’ transition to SaaS may not occur when or as we expect; and significant disruption could occur among employees and/or customers, causing them to terminate their relationships with PTC or ITCI. Other risks and uncertainties that could cause PTC’s actual results to differ materially from those projected are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

PTC, Windchill, Windchill+, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

Media Contact

Greg Payne
Corporate Communications
gpayne@ptc.com

Priya Trivedi
ITCI Communications
priya.trivedi@itcinfotech.com

Investor Contact

Matt Shimao
Investor Relations
mshimao@ptc.com

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PTC and �ֲ��ý��Ƶ to Expand 20-Year Alliance, Accelerate Customer Value Realization from Digital Transformation, SaaS

�ֲ��ý��Ƶ — Fri, 22 Apr 2022 01:30:52 +0000

Companies to Combine PLM Experts in New �ֲ��ý��Ƶ Business Unit

BOSTON, MA and BANGALORE, INDIA — April 21, 2022 — (NASDAQ: PTC) and �ֲ��ý��Ƶ today announced an agreement to accelerate customer digital transformation initiatives, focused on the adoption of PTC’s industry-leading Windchill® product lifecycle management (PLM) software as a service (SaaS). �ֲ��ý��Ƶ will acquire a portion of PTC’s PLM implementation services business and create a new business unit of �ֲ��ý��Ƶ, called DxP Services, that will combine PLM professional services experts from both companies. Together, the two companies will work together to deliver “in-flight” Windchill implementation services for a broad set of existing PTC customers while also enabling a growing number of customers to move from their existing, sometimes highly-customized on-premises implementation of Windchill to next-generation, best-practice SaaS.

Across all aspects of business, digital transformation and SaaS adoption have gone mainstream, with more than half of all commercial software expected to be sold as SaaS this year. In the manufacturing industry, the SaaS adoption curve is accelerating, driven in part by the COVID pandemic. To meet this fast-emerging market need, PTC is investing heavily to bring its entire product portfolio to the cloud via its PTC Atlas SaaS Platform. With this new agreement, PTC and �ֲ��ý��Ƶ will bring together professionals from both companies into a unified team dedicated to creating, and jointly offering, the tooling and methodologies required to expedite a smooth transition to SaaS.

“As a global technology services and solution provider, �ֲ��ý��Ƶ shares a common goal with our partner PTC – to enable customers to embrace SaaS as a cornerstone of their digital transformation strategies,” said Sudip Singh, Managing Director and CEO, �ֲ��ý��Ƶ. “PTC and �ֲ��ý��Ƶ have a proven and trusting alliance formed over 20 years working together for the benefit of our mutual customers. The creation of DxP Services will take our relationship to a whole new level and will enable PTC customers to transform the way they adopt technology in the distributed, secure, and agile workplace of the future.”

�ֲ��ý��Ƶ has successfully partnered with customers and helped them transform the way they consume technology, including embracing SaaS. The firm’s deep understanding of the innovation and value which is realized at the intersection of technology, domain, and industry, makes them the partner of choice to their customers. Increasingly considered the backbone of digital transformation, PLM implementation for industrial companies is one of �ֲ��ý��Ƶ’s core competencies, with the firm having successfully delivered hundreds of global PLM engagements. Such depth of domain expertise, the longevity of collaboration between the two companies, and the fact that many PTC PLM implementation experts will be joining DxP Services will help provide a smooth transition for customers as the new business unit commences operations. Over time, DxP Services expects to expand the range of services it provides.

“It has long been PTC’s strategy to build a partner ecosystem that brings to bear the expertise and capacity of systems integrators to drive business transformation and technology adoption across our global customer base,” said Jim Heppelmann, President & CEO, PTC. “Together with �ֲ��ý��Ƶ, we are creating a specialized team to unlock the potential of our Windchill services business and accelerate manufacturers’ ability to realize the benefits of SaaS, such as accessibility, security, and a lower total cost of ownership.”

Further accelerating PTC’s embrace of SaaS as a business paradigm, the company will focus its own services professionals on thought leadership related to digital thread value realization. PTC’s services experts are unique in their understanding of the value that can be created at the intersection of the technologies that drive an enterprise digital thread strategy – CAD, PLM, Internet of Things (IoT), and Augmented Reality (AR). PTC will apply that expertise to continue driving digital transformation across the manufacturing landscape. PTC will continue to lead implementation services for customers with unique requirements, such as U.S. federal government security protocols, while also continuing to collaborate with its global partner ecosystem to drive digital thread initiatives and enable more customers to benefit from PTC’s next generation SaaS solutions across the company’s technology portfolio.

“This new agreement with �ֲ��ý��Ƶ will allow PTC to realign its own professional services experts to a unique thought leadership role in the industry in enabling digital transformation for industrial companies across engineering, manufacturing, and service,” added Heppelmann. “PTC is investing heavily in next-generation SaaS solutions across our portfolio, and this expert team will develop the roadmaps our customers need to increase the value they realize from technology, and enable them to completely redefine the way work gets done.”

Subject to applicable closing conditions, the transaction is expected to be completed in PTC’s fiscal Q3. Management plans to discuss the expected impact of the agreement on PTC’s financial and operating metrics during its fiscal Q2 quarterly earnings call on April 27.

About �ֲ��ý��Ƶ
�ֲ��ý��Ƶ is a leading global technology services and solutions provider, led by Business and Technology Consulting. �ֲ��ý��Ƶ provides business-friendly solutions to help clients succeed and be future-ready, by seamlessly bringing together digital expertise, strong industry speciﬁc alliances and the unique ability to leverage deep domain expertise from ITC Group businesses. The company provides technology solutions and services to enterprises across industries such as Banking & Financial Services, Healthcare, Manufacturing, Consumer Goods, Travel and Hospitality, through a combination of traditional and newer business models, as a long-term sustainable partner. ITC is one of India’s leading private sector companies and a diversified conglomerate with businesses spanning Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. For more information, please visit: http://www.itcinfotech.com/

About PTC
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. For more information, please visit .

Forward-Looking Statements
Statements in this press release that are not historic facts, including statements about customers’ willingness to adopt SaaS solutions for their digital transformation initiatives, the development of technologies and methodologies to expedite the transition to SaaS, the effect of the transaction on customers, and the expected closing of the transaction, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: customers may be slower to adopt SaaS than we expect or may adopt competing SaaS solutions; the development of technologies and methodologies to expedite customers’ transition to SaaS may not occur when or as we expect; significant disruption could occur among employees and/or customers, causing them to terminate their relationships with PTC or ITCI; and, the closing of the transaction may not occur when or as we expect if the closing conditions are not satisfied or the transaction is otherwise terminated. Other risks and uncertainties that could cause PTC’s actual results to differ materially from those projected are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

PTC, Windchill, PTC Atlas and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

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E2022 Archives - �ֲ���ý��Ƶ

�ֲ���ý��Ƶ Successfully Completes 10 Years of Strategic Association with Saudi National Bank