NewswireToday - /newswire/ -
Andover, MA, United States, 2010/05/05 - Gartner identifies Aras for innovation, impressive value and potential for rapid growth.
Aras®, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider, today announced that the company has been name a "Cool Vendor" by leading analyst firm Gartner, Inc. in the Cool Vendors in Product Design and Life Cycle Management 2010 report. The report, written by Gartner analyst Marc Halpern, identifies vendors who are innovative, impactful and intriguing.
According to the Gartner report, "This year's Cool Vendors in product design and lifecycle management prove that innovative vendors in seemingly mature markets or in niche markets can innovate in ways that create impressive value and potential for rapid growth."
Aras is the developer of Aras Innovator®, the only PLM solution that combines an enterprise open source business model and an innovative model-based SOA architecture to form a highly scalable, flexible and secure PLM solution. Aras offers the most advanced PLM functionality out of the box. At the same, Aras eliminates PLM license fees and includes all upgrades, regardless of customization, in its annual subscription service. The result is a powerful PLM solution suite ideal for global enterprises and extended supply chains with the lowest total cost of ownership in the industry.
“Aras is very pleased that Gartner has recognized the PLM value companies are receiving and the impact we’re having on the PLM market,” said Peter Schroer, President of Aras. “Today, Aras Innovator is used by global organizations in more than 124 countries. Our increasing global adoption makes Aras the fastest growing PLM software solution on the market demonstrating that our business model is gaining strength.”
View Gartner’s Cool Vendors in Product Design and Life Cycle Management 2010 report at gartner.com (login required).
Aras (aras.com) is the leading provider of enterprise open source Product Lifecycle Management (PLM) software solutions. Freedom from licensing eliminates up-front expenses and per user costs while superior technology makes Aras the most advanced enterprise PLM solution suite available. Customers include Motorola, Rolls-Royce, Freudenberg, Lockheed Martin, Ingersoll Rand, Klockner Desma, Hi-P and ACCO Brands. Aras is privately held with global headquarters in Andover, Mass.