Adds product portfolio management application to its PLM lineup
San Jose, CA — June 27, 2003 — Product lifecycle management (PLM) specialist Agile Software has acquired the Accelerate product portfolio management solution from software company MS2 in a move that Agile said would bolster its own product portfolio management offering, Program Execution.
Launched in 1998, MS2 Accelerate integrated portfolio management with product development initiatives and financial information to provide an objective framework for evaluating programs and resource optimization, enabling companies to develop and deliver products faster, according to Agile.
Agile said it will continue to support Accelerate customers and offer a migration path for customers to Program Execution. In addition, members of the MS2 Accelerate support and engineering team have joined Agile "in order to ensure a smooth and uninterrupted transition for MS2 Accelerate customers," Agile said in a statement.
"With this acquisition, we are expanding our position in the PLM market, particularly in the strategic area of portfolio management and program execution," said Bryan Stolle, Agile CEO, who added that the acquisition would increase his company's customer base, too.
Agile and MS2 do share some customers, including Aspect Communications, Brooks Automation and Lucent.
"Aspect has been a long standing customer of both Agile and MS2, using Agile Product Collaboration and MS2 Accelerate to support and streamline the product development and new product introduction processes," said Gary Barnett, executive vice president for products and chief technology officer at Aspect. "With this announcement we anticipate that obvious synergies will develop [that] will allow for a more end-to-end collaborative solution that will benefit Agile's customers."
Jeff Hudson, CEO of MS2, asserted that PLM customers are looking for application suites from a single company. "The acquisition of MS2 Accelerate by Agile...is good for customers and the industry," Hudson said.
This week has been busy for the PLM world, with earlier announcements of new product lifecycle management products from Oracle and EDS.
For more information on the PLM market, see the Global Enabled Supply Chain Series article "Product Lifecycle Management" in the October/November 2002 issue of iSource Business.
San Jose, CA — June 27, 2003 — Product lifecycle management (PLM) specialist Agile Software has acquired the Accelerate product portfolio management solution from software company MS2 in a move that Agile said would bolster its own product portfolio management offering, Program Execution.
Launched in 1998, MS2 Accelerate integrated portfolio management with product development initiatives and financial information to provide an objective framework for evaluating programs and resource optimization, enabling companies to develop and deliver products faster, according to Agile.
Agile said it will continue to support Accelerate customers and offer a migration path for customers to Program Execution. In addition, members of the MS2 Accelerate support and engineering team have joined Agile "in order to ensure a smooth and uninterrupted transition for MS2 Accelerate customers," Agile said in a statement.
"With this acquisition, we are expanding our position in the PLM market, particularly in the strategic area of portfolio management and program execution," said Bryan Stolle, Agile CEO, who added that the acquisition would increase his company's customer base, too.
Agile and MS2 do share some customers, including Aspect Communications, Brooks Automation and Lucent.
"Aspect has been a long standing customer of both Agile and MS2, using Agile Product Collaboration and MS2 Accelerate to support and streamline the product development and new product introduction processes," said Gary Barnett, executive vice president for products and chief technology officer at Aspect. "With this announcement we anticipate that obvious synergies will develop [that] will allow for a more end-to-end collaborative solution that will benefit Agile's customers."
Jeff Hudson, CEO of MS2, asserted that PLM customers are looking for application suites from a single company. "The acquisition of MS2 Accelerate by Agile...is good for customers and the industry," Hudson said.
This week has been busy for the PLM world, with earlier announcements of new product lifecycle management products from Oracle and EDS.
For more information on the PLM market, see the Global Enabled Supply Chain Series article "Product Lifecycle Management" in the October/November 2002 issue of iSource Business.
