Pune, India,  19th December 2016: KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, today announced that it is expanding its partnership with PTC(NASDAQ: PTC), a global provider of technology platforms and solutions that transform how companies create, operate, and service products. It has signed Value Solution Provider and Service Advantage Partner agreements to deliver product lifecycle management (PLM) solutions to customers in India. This alliance further expands the 15-year relationship of the two companies from North America and Europe to the Indian product development and services space. As a technology partner with profound industry knowledge, KPIT has a 360° global partnership with PTC for building value-based solutions, supporting product development and delivering premium services. KPIT complements and expands on PTC’s offerings to help accelerate PTC roadmap through strong integration of ERP & Functional Safety systems, availability of degreed contract engineers, and expertise in embedded systems and mechanical design, which help customers in India benefit from PTC’s PLM product suites.
Rajeev Kulkarni, ePLM Global Head from KPIT said: “We have extensively worked with PTC as one of their leading technological partners in North America, and are excited to expand this collaboration. With India being one of the fastest-growing PLM markets, gaining impetus from increased manufacturing and the need for convergence across industries, we believe that our partnership will be pivotal in providing a befitting solution to the customers.”
“PTC is pleased to partner with KPIT to expand and enhance the delivery of our world-class technology solutions and services in India. We always stand for best customer service and we are sure that this partnership will ensure the same. We look forward to strengthen our relationship with KPIT as it continues to bring innovative services to market”, said Mr. Kalyan Sridhar, Country Manager.
KPIT delivers strategic level consulting with the tools and technologies to deliver an end-to-end Product Lifecycle Management (PLM) solution. It enables customers to get the most of their PLM and CAD (computer aided designs) investment by offering services, proprietary tools and technologies to improve the quality of data, create more efficient workflows, and configure and customize processes to maximum efficiency. The company has robust engineering and IT lineage across focused verticals and proven IPs (intellectual properties) in PLM-ERP Connector, MES accelerator, Auto ALM solution, Enterprise cost management, and Data Migration tool.
About KPIT Technologies Ltd.
KPIT (BSE: 532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and LifeSciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient..
About PTC
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.
P.S. PTC, the PTC logo, LiveWorx, Xtropolis, ThingWorx, and ThingWorx Ready are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.
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