Autoweb Acquires UK-Based Datranet Limited.ROCHESTER HILLS, Mich. -- Autoweb Inc., a NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Com Group company and a global provider of engineering data management services for the automotive and aerospace industries, has acquired Datranet Limited. Based in the United Kingdom, Datranet is a developer of product-design communication and collaboration solutions. Effective immediately, Datranet will do business as Autoweb Ltd. "Autoweb is committed to providing global data management consolidation solutions for original equipment manufacturers and suppliers," said Nino DiCosmo, Autoweb's chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The union of Autoweb and Datranet furthers this vision and provides Autoweb with an enhanced product portfolio and a broader global reach." The merging of both companies' products and services will drive innovation into the industry through integration of computer aided design (application) Computer Aided Design - (CAD) The part of CAE concerning the drawing or physical layout steps of engineering design. Often found in the phrase "CAD/CAM" for ".. manufacturing". (CAD), product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) and communication systems that automate key engineering processes. This acquisition provides customers of both organizations with a single interface to globally communicate with their business partners via industry standards, including Autoweb and the Odette File Transfer Protocol A communications protocol used to transmit files without loss of data. A file transfer protocol can handle all types of files including binary files and ASCII text files. See Kermit, Zmodem and FTP. (OFTP/ENGDAT). "Datranet is excited to join the Autoweb team," said Martyn Davies, managing director, Datranet. "Jointly we will be able to offer unique, state-of-the-art products that will take us to the next level. This collaboration enables us to better serve our clients and fill the data management void that has hindered efficient global collaboration." About Autoweb Headquartered in metro Detroit The Detroit metropolitan area, often referred to as Metro Detroit, is the metropolitan area located in southeastern Michigan, centered on the city of Detroit. As the home of the "Big Three" American automakers (General Motors, Ford, and Chrysler), it is the world's , Autoweb is a global company with over 19,000 users from 2,500 customers in 38 countries. Autoweb works with some of the world's leading automotive manufacturers and their suppliers, including DaimlerChrysler, Ford, General Motors, Mitsubishi and Nissan, as well as Lear, Federal Mogul, Johnson Controls Johnson Controls, Inc. (NYSE: JCI) is a United States company, based in Milwaukee, Wisconsin, specializing in the design, manufacturing, and installation of automotive systems, automotive batteries (Optima[1] based in Denver, Colorado) and climate control systems. , Metaldyne and Visteon. Formed in 1995, Autoweb is a NTT Com Group company through NTT America, the wholly-owned U.S. subsidiary of Japan's NTT Communications Corporation (NTT Com). The company's products provide secure, simple and powerful data management solutions that speed product development, reduce design-and-production costs and further leverage supplier resources. Additional information is available on the Internet at www.autoweb.net . About NTT Com NTT Communications Corporation is a subsidiary of Nippon Telegraph and Telephone Nippon Telegraph and Telephone Corporation (日本電信電話株式会社 (NTT) Corporation (NYSE NYSE See: New York Stock Exchange :NTT) - one of the world's largest telecommunications companies. NTT Com provides high-quality, technologically advanced network management, security and solution services to consumers, corporations and governments on a global basis, with a special focus on the Asia-Pacific region. Its world-class backbone network, combined with the networks of partner companies around the world, offers access to more than 200 countries. NTT Com has more than 30 overseas subsidiaries in the Asia-Pacific region, Europe and the Americas. The company has garnered several awards for its leading edge technologies, outstanding performance and customer service, including "Best Customer Care - 2005." For more information, please visit http://www.ntt.com About Datranet Limited Datranet Limited is a developer of product-design communication and collaboration solutions. Datranet's Fusion-DX(TM) product line provides low cost of ownership, scaleable and thin-client web portal-based solutions to ensure efficient, fast and secure availability of CAD and related product data within manufacturing supply chains. Fusion-DX(TM) products are available direct from Datranet or through Value Added Resellers in Europe, North America and Asia Pacific. Datranet is headquartered in Leeds, United Kingdom. Additional information is available on the Internet at www.datranet.com . |
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