Today is a day of solemn remembrance for Americans and many around the world who remember the 9-11 attack on the the United States of America. However, there is at least one person who likely quite happy today for a very different reason: Andreas Tsetinis. Andreas is the Founder and CEO of Perfect Costing Solutions who makes Tsetinis Perfect Pro-Calc and Perfect Calcard. In the biggest Product Cost Management (PCM) news of the day, Siemens PLM (specifically the Industry Automation Division) has announced the acquisition of Perfect Costing Solutions.
What is Tsetinis and What are Its Products?
For those of you who are not familiar with Tsetinis & Partner (parent of Perfect Costing Solutions), it is an integrated product cost company of software tools and consulting services. Many people consider the software tool side of the Tsetinis business, Perfect Costing Solutions, the recognized market leader in Europe for the PCM. In the last couple of years, the product Perfect Pro-Calc has also been making inroads in the US. Perfect Costing Solutions makes two software products:
- Perfect Pro-Calc – This is a cost estimation tool used primarily by costing experts. It is fed by manual input that allows predictions of cost for mechanical and some electrical parts. Perfect Pro-Calc also includes that ability to roll up costs in a hierarchical BOM structure that the user defines.
- Perfect CalCard – This is a software focused on capital tooling (injection molding, casting, and stamping) cost estimation by tooling experts. It has the capability of accepting 3d solid CAD models as input to the costing process, although, I am personally not aware how advanced this ability is.
Per the Perfect Costing Solutions website
, “today over 240 companies in the automotive sector and other industries successfully use our products.” Perfect Costing Solutions has 50 employees according to the Siemens press release.
What does this mean for Product Cost Management?
The last year, starting from September of 2011, has been a very eventful year in Product Cost Management. First, Solidworks unveiled its first foray into the PCM world: Solidworks Cost — the first tool, besides aPriori, that can cost parts directly from geometry. Then PTC announced Windchill Cost. Windchill is not a cost generation tool, but is a cost management / roll-up tool that builds off of Windchill. It allows customers roll-up costs generated by other softwares or methods and track and analyze these costs. Now we have the very first Product Cost Management acquisition (Perfect Costing Systems, Gmbh) by a major Product Lifecycle Management player (Siemens). This begs many questions, among them:
- Will the PLM companies begin to dominate the PCM space and crowd out the pure plays?
- Will Siemens attempt to build CAD Feature Based Costing abilities into Perfect Pro-Calc?
- What does this mean to PCM software companies; will other players acquire specialized PCM software companies?
I am going to see if I can get an answer to these questions. In an eerie coincidence, just this week, Jim Brown of Tech Clarity and I were just discussing me writing an article about where Product Cost Management might settle out in the enterprise software landscape. It sounds like it’s time for me to write that article…
What does the rest of the PCM world think about the Siemens acquisition of Perfect Costing Systems. Please let us all know by commenting!