FOR IMMEDIATE RELEASE
Ptex Solutions Acquires Rights to Distribute Freeborders Software
in
India,
Bangladesh, Sri Lanka and Mauritius
Partnership to Enable
Apparel and Textile Companies in the Region to Improve Cycle
Times,
Competitiveness and Profitability
SAN FRANCISCO, CA, September XX, 2004 – Freeborders Inc., the worldwide
leader in Product Lifecycle Management (PLM) solutions for retailers and
brands, today announced that Ptex Solutions, has recently acquired the rights
to distribute Freeborders’ PLM solutions in India, Bangladesh, Sri Lanka and
Mauritius.
Led by Prasham Kamdar
with seven years experience within the PLM retail sector for fashion, apparel and textiles software industry, Ptex
Solutions offers premier software and services and apparel AMD trend
forecasting.
“Joining the Freeborders team, who have great vision,
valuable domain knowledge and above all excellent products, will enable Ptex
Solutions to take full advantage of the growing PLM sector and will provide
Indian companies with fully customizable solutions for their increasingly
growing product development needs,” said Prasham Kamdar [ADD
TITLE].
Leading American and European brands and their suppliers are
increasingly adopting PLM applications to effectively manage the growing
complexity of supply chains. Freeborders’ PLM integrated “design-to-delivery”
solutions significantly increase organizational efficiency and
profitability. Currently over 350
customers, including Gap, Liz Claiborne, Sara Lee Courtaulds, Levi Strauss, Target and Saks are
using Freeborders software and services.
Together with Freeborders, Ptex Solutions is confident that
retailers, manufacturers, buying agents and mills in the Indian subcontinent
will benefit from Freeborders’ PLM Suite by reducing cycle time, materials
development time, and approval costs as they increase control over the product
development process. This technology
will give apparel-related companies tremendous competitive advantage once quota
restrictions are lifted in 2005.
Suppliers of Freeborders’ customers such as Gap, Liz Claiborne and Target have sourcing offices in the subcontinent region. Ptex Solutions will offer complete services from scope, design, training, implementation, support and software sales to ensure that retailers, brands and their suppliers will be seamlessly connected with each other.
“Southeast Asia, India and the surrounding region has been critically important to the world’s largest retail brands for sourcing textiles,” said Mark Harrop, partner global accounts, Freeborders. “We are excited that Ptex Solutions will extend the ability of companies in the region to improve their cycle times and enhance their profitability and competitiveness.”
About Freeborders
Freeborders (www.freeborders.com) provides Product Lifecycle
Management (PLM) software and services to leading retailers and their
suppliers, enabling brands to more effectively manage the increasing complexity
of their supply chains. Freeborders solutions help drive profitable revenue
growth, speed products to market, improve inventory management, and maintain
control, consistency and quality.
Freeborders software and services are used by over 350
brands and retailers globally, including Dillard's, DuPont, Gap, INVISTA, J.
Crew, L.L. Bean, Lands’ End, Liz Claiborne, Marc Jacobs, Saks, Target and
Williams-Sonoma. Freeborders is headquartered in San Francisco, with offices
throughout North America, Europe and Asia.
Freeborders’ shareholders include Internet Capital Group [NASDAQ:ICGE],
IBM, TAL Apparel Ltd., and Fountain Set.