CIMdata PLM Industry Summary Online Archive
19 July 2007
Implementation Investments
CoCreate Announces 30% Increase in New Customer Acquisition
CoCreate Software, Inc. announced a 30 percent increase in the number of new customers in the first half of the 2007 fiscal year over the same period last year.
High-tech electronic and machinery companies recently adopting the CoCreate OneSpace Suite include leading brands like NEC LCD Technologies, Ltd., Apic Yamada Corporation, Olma Srl, Phizero Srl, Sa.Res. Spa, Scamm Srl, and Zani Spa, in addition to small to mid-size businesses across all regions.
European growth is exceptionally strong with the addition of companies producing complex, specialized machinery. These companies are strongly aligned to the benefits of a Dynamic Modeling based approach to 3D product development. Complex, specialized machinery is often custom designed to satisfy unique customer requirements. This demands both the reuse and repurposing of previous design work to ensure profitability.
A Dynamic Modeling based approach to 3D product development allows companies to radically transform existing parts and assemblies, satisfying new customer requirements at a greatly accelerated pace. This makes possible drastic alteration of existing 3D designs without even the thought of remodeling or the proliferation of orphaned parts that beleaguer history-based systems.
These new customers join the thousands of companies operating within the high-tech electronic machinery industry using the CoCreate OneSpace Suite to support their product development and lifecycle management processes. Only a Dynamic Modeling based approach can enable companies in this industry to speed the design process by carrying forward the entire value of previous designs.
"CoCreate's strong reseller performance is fueling new customer evaluations of the CoCreate OneSpace Suite and serving as a key contributor to new customer growth," said William M. Gascoigne, CoCreate CEO. "Our third generation PLM delivers compelling and differentiated value with industry proven results. We are pleased to see the level of success resellers achieve as they present CoCreate to companies tired of legacy CAD and PLM paradigms."
Success within the high-tech electronics and machinery industry recently attracted several new partners to CoCreate , including 3 Arti, Design & Solution Inc, Deniz, BS Banking Systems, and TECHNO solutions, Inc. Additionally, CoCreate has established stronger relationships with growing channel partners such as EIT Technologies SRL and CADiTO based upon their record of success.
"CoCreate offers a complete industry focused suite that supports the needs of our customers within the high-tech electronics and machinery industry. The CAD and PLM market is defining itself based upon the clear differences between Dynamic Modeling based and history-based approaches to 3D product development and extensions into PLM processes. This is evident with our sales activities and the success that our customers have been achieving with the CoCreate OneSpace Suite," said Davide Torricelli, CEO of EIT Technologies SRL.
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