Leamington Spa Start-Up MV Composites Secures £150,000 Funding to Accelerate Growth
MV Composites, a rapidly growing Leamington Spa-based start-up specializing in high-performance carbon fibre components for Formula…
Reading-based PTC has announced it has established a strategic supplier relationship with Volkswagen Group, focused on the adoption of PTC’s Codebeamer® application lifecycle management (ALM) solution.
This will support PTC becomes strategic supplier to Volkswagen Group with Codebeamer ALM Solution the software development for the next generation of electric vehicles from the Volkswagen Group and its brands.
Codebeamer is expected to enable greater efficiencies in engineering practices for software requirements management, test management, and release management as part of new electric vehicle development.
As the relationship progresses, PTC and Volkswagen Group expect to scale the use of it across multiple engineering teams to support the software development process.
“Volkswagen Group and its portfolio of brands produce some of the most iconic vehicles in the automotive industry, and PTC is thrilled to support their software development and electrification strategy with Codebeamer,” said Jim Heppelmann, Chairman and CEO of PTC.
“Our close collaboration will advance PTC’s efforts to make Codebeamer the leading ALM solution for the automotive industry. We look forward to working with Volkswagen Group to make Codebeamer successful and to enable more efficient electric vehicle engineering practices.”
An ALM solution, like Codebeamer, is an important tool for enabling the efficient development of software and to ensure that the software components for different vehicles are planned, tested, and released.
PTC will work collaboratively with Volkswagen Group on the transition to Codebeamer from pre-existing ALM tools and on the definition and implementation of software best practices for the automotive industry.
Volkswagen Group’s use of Codebeamer is expected to inform future Codebeamer roadmap priorities and requirements to enable PTC to gain ALM market share in the sector.
“Software and electrification represent the future of the automotive industry, and Volkswagen Group is harnessing the two together to better meet the expectations of customers and provide a superior driving experience,” said Klaus Blüm, Head of Volkswagen Group IT Products & Architecture.
“Volkswagen Group views PTC as a strategic supplier for our Group-wide product development strategy, and we look forward to our work together to make Codebeamer a successful tool for our software development and vehicle engineering teams.”
For further information, please visit www.ptc.com or follow @ptc on twitter
PTC, Codebeamer, and the PTC logo are trademarks or registered trademarks of the PTC Inc. and its subsidiaries in the United States and other countries.
Be first to see all the updates from MTDCNC
Our newsletters frequency varies dependant on content
All the latest deals from the industry feature on our newsletters