Tecnomatix: A Born Global Company

Abstract

In the beginning of 2004, Tecnomatix Technologies Ltd. (NASDAQ: TCNO), the driving force in Manufacturing Process Management (MPM), announced a global agreement with Ford, a major automotive manufacturer. The agreement to implement Tecnomatix MPM solutions throughout the customer's manufacturing operations worldwide represented an expansion of an existing relationship with this manufacturer and was expected to generate total revenues in excess of US$50 million over the next four years.

 At the beginning of 2004 Tecnomatix, an Israel-based high-tech company, held a staggering 70% market share (over 2,000 clients) in the MPM market together with its strategic partner, EDS. Although the company reported a net loss in 2003, it had sufficient cash reserves that would allow it to continue operations without needing external funding for the down period.