Posted on 12/16/2003 6:03:24 AM PST by anymouse
think3, the fastest growing company in the product lifecycle management (PLM) industry, today announced that former Andersen Consulting Chief Executive Officer George T. Shaheen has joined its board of directors.
During the 10 years Shaheen led Andersen Consulting (today known as Accenture), annual revenue of the global management consulting, technology services and outsourcing firm increased nine-fold to nearly $10 billion. Accenture ended its 2003 fiscal year with $11.82 billion in net revenue.
"think3 already has achieved many milestones on its road to global success," Shaheen said. "I look forward to working with think3's management team to bring to market industry-leading product design and data management solutions that leverage technology to improve efficiency, accuracy and creativity."
One of the keys to becoming an industry leader is expansion of think3's professional services organization. As a provider of world-class services, the group helps manufacturers optimize their product development processes. Since November 2002, think3 professional services organization has made significant contributions to the company's revenue growth -- think3 last month announced a 110 percent increase in third quarter revenues over the same period in 2002.
"George Shaheen is another great addition to our board. We now have a multi-faceted group that will provide comprehensive direction and support," said Joe Costello, think3 chairman and CEO. Including Shaheen and Costello, think3's board of directors is comprised of Rob Burgess, chairman and CEO of Macromedia, Inc.; Vladimir Jacimovic, managing director of Crosslink Capital; Mark Perry, general partner of New Enterprise Associates; and Filippo Zuccarello, think3 founder and chief financial officer.
"George's vast depth of knowledge and global industry prowess will be instrumental to think3 as we gain broad recognition as a trusted product development partner," Costello added.
In addition to think3, Shaheen is a director of Siebel Systems, Inc. and a member of the advisory board of the Marcus & Millichap Company. He has served as an IT Governor of the World Economic Forum, and is a member of the board of advisors for the Northwestern University Kellogg Graduate School of Management.
About think3
think3 is a leading supplier of product development solutions to mid-sized manufacturers worldwide and the fastest-growing company in the product lifecycle management industry. The company enables more than 5,000 manufacturers to achieve dramatic gains in competitiveness and profitability by optimizing their product development process. think3's best-of-class products, services and unique business delivery model lower manufacturers' risks and remove barriers to successful implementation. With headquarters in Cincinnati and offices throughout Europe, Asia and North America, the privately held company has been leading innovation for more than 20 years. For more information, visit www.think3.com .
Any company that hires this consulting company had better do some due diligence on this guy.
Actually a management consultant once said to me that his job was to find out what management wanted to do and then justify it. Ahem...
I'm not sure what they mean by "product lifecycle development" but the first thought to cross my mind was the 7 year? patent limitation. A company that has put a huge investment in R&D wants to ride the crest of the product demand in the marketplace to make money before other companies can grab onto their coattails (so to speak.)
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