Tecnomatix Explained

Tecnomatix Technologies, Ltd
Type:(formerly NASDAQ: TCNO)
Fate:Acquired by UGS Corporation in 2005
Location City:Tel Aviv
Location Country:Israel
Industry:Software
Products:Manufacturing Process Management solutions
Product lifecycle management solutions
Revenue:$100.6 million (2004)[1]
Parent:Siemens
Homepage:Tecnomatix: Siemens Software

Tecnomatix Technologies, Ltd. (formerly NASDAQ: TCNO) is a provider of Manufacturing Process Management and Product lifecycle management software to the electronics, automotive, aerospace and heavy equipment industries, currently owned by Siemens AG. Tecnomatix's eMPower is a suite of end-to-end Manufacturing Process Management solutions for the collaborative development and optimization of manufacturing processes across the extended enterprise and supply chain.[2]

History

Founded in Israel in 1983, the Tecnomatix Corporation provided Manufacturing Process Management (MPM) solutions for the automotive, electronics, aerospace and other manufacturing and processing industries. The Tecnomatix products suite offered software and services in all process monitoring and control, production management and execution.

Shlomo Dovrat was the founder of Tecnomatix and served as CEO and President from its inception until 1995. In 1993, Dovrat led Tecnomatix's IPO on the NASDAQ (TCNO). He served as Chairman of the Board of Directors from 1995 until December 2001.[3] [4] In 1994, Dovrat was succeeded as CEO by Harel Beit-On (also the company's President. In 2001 Beit-On was appointed Chairman of the Board of Directors,[5] and served as Chairman until the company's acquisition in 2005.

In 1999, Tecnomatix acquired Unicam Software Inc., a provider of production engineering software to the printed circuit board (PCB) assembly market.[6]

In 2003, Tecnomatix acquired USDATA Corporation. USDATA was the creator of the supervisory-level control (SCADA) product FactoryLink, and the manufacturing execution systems (MES) product Xfactory.[7]

In 2005, Tecnomatix was acquired by the UGS Corporation and the Tecnomatix product was combined with UGS' existing MPM solutions.[8] The current Tecnomatix software line includes Part Manufacturing, Assembly Planning, Resource Planning, Plant Simulation, Human Performance, Quality, Production Management, Manufacturing Data Management.[9] [10]

In January 2007 UGS was purchased by Siemens AG, and today the Tecnomatix solutions are available from Siemens Digital Industries Software. Siemens Digital Industries Software announced Tecnomatix version 9 in June 2009.[11]

See also

External links

Notes and References

  1. News: Cohen. Omri. UGS Corp. finalizes acquisition of Tecnomatix for $228 million. TheMarker. 4 February 2005.
  2. News: Tecnomatix Technologies Ltd. - Company Profile. https://web.archive.org/web/20090101225341/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35170. dead. January 1, 2009. Business Week.
  3. Web site: VPartners . Vpartnersfund.com . 2011-06-02.
  4. Web site: AllBusiness.com . AllBusiness.com . 2011-06-02.
  5. Web site: Tecnomatix Announces Appointment of Harel Beit-On as Chairman of the Board of Directors . The Free Library . 2001-12-04.
  6. Web site: AllBusiness.com . AllBusiness.com . 2011-06-02.
  7. Web site: Automation.com . Automation.com . 2011-06-02.
  8. Web site: 2005-01-11. Control Engineering UGS acquiring Tecnomatix for $228 million. 2021-03-17. Control Engineering. en-US.
  9. http://www.innovations-report.de/html/berichte/unternehmensmeldung/bericht-59685.html Bericht im Innovations-Report vom 5. Januar 2005
  10. http://www.innovations-report.de/html/berichte/informationstechnologie/bericht-71330.html Bericht im Innovations-Report vom 29. Juni 2006
  11. Web site: Tecnomatix 9 Press Release . Plm.automation.siemens.com . 2009-06-23 . 2011-06-02.