In this five-year agreement, UGS and HP will provide total Product Lifecycle Management (PLM) products in an attempt to more efficiently enable companies to integrate individual components, such as hardware, software, services, integration and support.

The software aims to help PLM customers leverage their investments in existing technology and resources by upgrading PLM software; minimize risk and investment while maximizing flexibility and increase their competitive advantage by accessing technology and solutions based on industry standards from UGS and HP.

HP and UGS will also invest in joint sales, product development, marketing, and services delivery. The alliance will combine thought leadership in product development and enterprise systems, certification of HP services resources on UGS software products, joint technology roadmaps for migration planning and development of integrated PLM solutions.

UGS views the alliance with HP as part of its broader strategy to become a global leader in PLM. It is also the first of its kind in the PLM industry and is expected to offer customers a choice when selecting an enterprise-wide PLM solution. The software created by the partners tie PLM to in-place ERP, CRM and SCM products which are intended to give customers competitive advantage by providing complete knowledge management and insight into their business.

Tom Iannotti, lead for the worldwide UGS alliance, added: Outsourcing and hosting solutions from HP Services and creative HP financing will increase customer flexibility to reduce cost of entry for new customers or existing customers using new PLM solutions.