aPriori Awarded "Innovative Software Partner of the Year" by PTC
Award Recognizes aPriori's Cost Management Platform as a Cutting-Edge Approach to Extending the Capabilities of PTC's Product Development System
Concord, MA, June 13, 2005 – aPriori™, a technology leader providing cost management software solutions for the discrete manufacturing industry, today announced that it has been named as PTC's "Innovative Software Partner of 2005". The PTC Partner Advantage™ Award recognizes leading partners and products that deliver a complementary suite of capabilities and product expertise to extend the capabilities of the PTC® Product Development System, including Pro/ENGINEER® Wildfire™ and Windchill®. The award was presented at the 2005 PTC/USER World Event conference in Orlando on June 6, 2005.
aPriori offers PTC users in the discrete manufacturing industry a software-based, cost management platform that provides real-time, predictive cost assessments throughout the entire product development process. aPriori enables design and manufacturing engineers, planners, purchasing and sourcing professionals, cost managers, and program/project management to make better decisions to reduce, avoid, and recover product costs by allowing them to reduce Costs of Goods Sold (COGS) by whole percentages through identifying quantifiable savings in material, tooling, labor and overhead while evaluating alternative designs, processes and sources.
"With this award, we are recognizing aPriori's solution as an exciting new approach to cost management," said Iain Michel, vice president, strategic planning and business development, PTC. "We created this award to recognize innovative software companies that help address the product strategies and business initiatives of our customers, and on this basis, aPriori is a deserving recipient."
"Being selected as an award recipient by a world leader in PLM solutions attests to the value our product brings to the discrete manufacturing industry," said Frank V. Azzolino, president and CEO of aPriori. "aPriori's compelling business proposition has garnered the interest of many of the Fortune 100 discrete manufacturing companies and we are pleased that PTC recognizes the value of our approach and its potential for changing the way their users reduce, avoid, and recover product costs."
About aPriori
aPriori (http://www.apriori.com) is a venture-backed company developing an innovative platform of cost management software solutions for the discrete manufacturing industry. aPriori's patent-protected cost management platform, originally developed in tight collaboration between the University of Illinois, Urbana-Champaign and a Fortune 100 manufacturing company, allows companies to assess, control, and reduce cost of goods sold (COGS) by whole percentages. aPriori, headquartered in Concord, MA, was founded in 2003, and is funded by Bain Capital Ventures and Sigma Partners.
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