San Jose, CA and Waltham, MA -- August 5, 2003-Agile Software Corporation (NASDAQ: AGIL), a leading provider of product lifecycle management (PLM) solutions, announced it has entered into a definitive agreement to acquire Eigner, for consideration comprised of stock and cash. Eigner is a provider of PLM solutions to the automotive, industrial equipment, aerospace and defense industries.
"Agile's acquisition of Eigner creates one big, bad PLM pure play vendor. Agile has certainly demonstrated its understanding of how PLM business processes make companies more money and Eigner has a long tradition of delivering top notch support for complex engineering processes. Together they look like a winner." Source: Kevin O'Marah, The AMR Research Alert on Product Lifecycle Management, August 5, 2003.
Eigner is a private company founded in 1985 in Karlsruhe, Germany, and is now headquartered in Waltham, Massachusetts, serving over 250 customers including Lockheed Martin, Magna Steyr, Siemens, Varian and ZF. Agile, with over 850 customers around the world, is a leading provider of PLM solutions to the electronics, high technology, life sciences, and consumer products industries. Agile customers include Dell, Flextronics, GlaxoSmithKline, Hitachi, Johnson & Johnson, Leapfrog, Microsoft and QUALCOMM. These customers are managing their product records to accelerate time to market, reduce costs, extend the supply network and ensure regulatory compliance through the use of Agile's broad PLM suite.
"Just as the enterprise resource planning (ERP) market consolidated disparate back-office activities into a cohesive environment for running business operations, PLM consolidates diverse business applications that create, modify and use product data during all phases of a product's lifecycle. We expect PLM to be one of the fastest growing areas in enterprise software over the next several years." Marc Halpern, Research Director, Product Lifecycle Management, Gartner.
"Agile is a world-class PLM provider whose resources and global presence will bring additional value to Eigner customers," said Frank Azzolino, Eigner CEO. "The addition of Eigner's industry expertise in automotive supply chain, industrial machinery, aerospace and defense to Agile's capabilities in life sciences, consumer products, electronics, and high technology, clearly makes the combined company a dominant player across all key discrete manufacturing verticals."
