Helsinki, January 06, 2011: Econocap Corporation, the leading PTC reseller of PTC’s Product Lifecycle Management (PLM ) software in Northern Europe today announced a strategic partnership with ITC Infotech, a global IT services & solutions company and a fully owned subsidiary of USD 6 bn ITC Ltd.

Econocap Corporation, a PTC Platinum partner and a provider of industry specific PLM solutions and services, has built its centers of competency in Product Lifecycle Management and CAD/CAM Solutions ; allowing Econocap to be a leading player committed to providing comprehensive solutions and services to numerous industry verticals. Econocap will leverage ITC Infotech's global delivery model to enhance value delivery and expansion of their portfolio of services to Econocap’s customers.

Ari Tertsunen, CEO, Econocap, said, “We were first introduced to ITC Infotech through our PTC Channel management. We are glad to be associated with ITC Infotech and together, we can create competitive advantage for companies in industries such as manufacturing, consumer goods, telecommunication and services industry. This strategic partnership will help us improve execution and delivery of complex projects in our customer base.”

Commenting on the partnership, Hardeep Garewal, President – Strategic Customers, ITC Infotech, said, “Our partnership with Econocap is an exciting step forward which I believe will deliver robust, high-quality and cost effective Windchill and Pro/Engineer services to manufacturers in Scandinavia.”

Econocap with ITC Infotech will focus on the development and delivery of industry specific PLM solutions to global companies. This partnership is a milestone in the growing relationship between the two organizations and demonstrates their commitment to the partnership with PTC.

About Econocap

Econocap is an industry leading PLM Software and Service provider in Northern Europe. Econocap is dedicated to addressing the challenges facing manufacturing companies today. With over 70 employees, Econocap is headquartered in Helsinki, Finland, and has offices in Sweden, Denmark, Poland and Germany. Through our ability to blend our experience and proven methodologies, we have created an integrated suite of customizable and scalable solutions that have assisted companies in maximizing their investments and improving the overall effectiveness and efficiency of their business.

For further information, please write to : contact.us@itcinfotech.com