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Currently on PLM&ERP News: Leading Global PTC partner and PLM Consultant PDSVISION in Heavy Indian Investment

…will also start to sell PTC's Software in collaboration with PTC India. Things are going well for PLM-developer PTC’s partner PDSVISION. As PLM&ERP News previously reported, the company is now PTC's largest global VAR, (VAR, Value Added Reseller). The company has operations that span the Nordics (Europe), Central and Southern Europe, America, South Africa, Great Britain and India. Especially the latter is interesting, not least in light of the country's powerful expansion in most things related to IT. The PLM pieces are no exception.
Today PDSVISION announced that it is now increasing its investment in India with a bet that both means hiring more employees in the Indian team and thus also developing better opportunities to meet the needs of the local market.
The background includes that the company actually also has had a presence in India for over twenty years, where it offered offshore consulting services to global companies in the area of product development, PLM and related automation. But what it is doing now aims to also work more closely with Indian manufacturers, with the aim of providing specialized solutions that suit Indian companies. Doubtlessly, this seems like a good idea. Partly considering that they have had a local organization in place for a long time and thus have in-depth market knowledge, and partly that PDSVISION’s team can add to this a rich global experience developed in the Indian team. The potential to add value to its Indian customers is generally good in terms of things like industry practices, consulting standards, business mapping etc. But not only that – PDSVISION as part of its investment plan will also start selling PTC software, with solutions like PTC's PLM suite Windchill and Windchill +, Creo CAD, ThingWorx IIoT, etc. In this, the idea is to offer a complete range of solutions to the Indian market, including software, advisory services, support and training.
”I am very pleased to expand our presence in India and in this great market,” Mey Annamalai, President-Global Services at PDSVISION, comments on the matter. He continues: “By entering the Indian market, we already have a team of experienced, dedicated professionals with extensive expertise in product development solutions. We have also over the past three decades consistently demonstrated our reliability and our customers continue to trust our services. We look forward to helping Indian companies streamline their product development processes and improve operational efficiency.
PDSVISION's CEO, Mats Oretorp, adds that the initiative taken now shows the company's commitment to use its, "global knowledge to support innovation and growth in India's vibrant industrial sector."

PDSVISION’s CEO, Mats Oretorp.

Mats Oretorp further notes that the Indian market is a rapidly growing one. Both in terms of finances and personnel staffing qualities, with a highly educated workforce.
”This makes the venture a strategic market for our future growth,” he says, adding: ”Our commitment lies in helping Indian companies with digital transformation across their entire value chain, which includes technology, manufacturing and customer service.”

Principally owned by the Finnish Cap MAN Fund
For PDSVISION, the development of recent years has confirmed that the company has one of the most important roles in the PLM value chain. Their PLM know-how and competence are often decisive factors for the successful implementation and smooth operation of PLM platforms and sub-PLM elements. Above all, PTC’s PLM suite Windchill, the CAD software CREO, the IoT solutions on the ThingWorx platform and the rapidly growing AR field Vuforia (Augmented Reality). Alongside this, they have also developed a strong simulation and analysis business based on PTC partner Ansys’ solutions. A heavy point in this context is also that PDSVISION has deep practical industrial competence related to both its global and local customers, large and small.
In this one can sense something of the recipe that placed PDSVISION, principally owned by the Finnish CAP MAN fund, in the absolute world top on PTC’s VAR partner page. With respect to 2023, the company has reached double-digit growth compared to 2022, and revenues are around $125 million, corresponding to just over SEK 1.3 billion.

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