-- Gartner Rewards PTC for its Delivery of Products and Commitment
to a Complete PLM Solution --
NEEDHAM, Mass., March 25 /PRNewswire-FirstCall/ --
PTC (Nasdaq: PMTC), the product development company(TM), today announced that
Gartner Inc. has documented PTC's leadership status in the PLM market.
Gartner's March 2003 "Product Lifecycle Management (PLM) Magic Quadrant"
report, published last week, recognizes PTC's Product First vision and
complete PLM solution suite as key elements to its leadership position.
According to Gartner, leaders are vendors who are performing well today, have
a clear vision of market direction and are actively building competencies to
sustain their leadership position in the market. To view the report, go to
http://www.ptc.com/go/gartner.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO )
The Gartner Magic Quadrant profiles companies that "will have the greatest
effect on shaping the PLM market through 2007." PTC's commitment to helping
companies win with superior products led to its placement in the leadership
quadrant in the "dynamic and fiercely competitive market" for PLM. Gartner
also acknowledged that PTC's delivery of its fully integrated PLM software
suite was a unique differentiator for the company. "Early adopter customers
have validated the benefits and time-to-value that the new generation of
applications deliver," said the report.
Leaders in the Magic Quadrant "have a significant presence in the PLM
market, with good prospects for the future." PTC's top scores for vision in
the leaders section of the Quadrant reflect an "understanding of emerging PLM
needs and market trends and how well the vendor is preparing to fulfill those
needs." PTC's high scores for ability to execute reflect "current viability
and performance in the PLM market." This metric also accounts for
"development and support resource availability, delivery of applications and
enhancements, software functionality, application architecture, customer
satisfaction and financial performance," according to the report.
"Gartner's continued recognition of PTC's leadership role in product
development and PLM confirms the soundness of our approach as we help our
customers make product development a strategic capability within their
organizations," said PTC Chief Marketing Officer Tom Butta. "Gartner's new
practice and resulting Magic Quadrant are an important sign that PLM is
recognized as a strategic corporate application, important to a company's
ability to create and capture value."
About PTC
PTC develops, markets, and supports software solutions that help
manufacturers win with superior products. PTC is the world's largest software
company with a total commitment to product development. The company services
more than 35,000 customers worldwide. Further information on PTC is available
at http://www.ptc.com/go/pr or call 1-888-782-3776, ext. 901.
Except for the historical information contained herein, matters discussed
in this news release may constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ materially
from those projected. These include: the success of our initiatives to
facilitate our customer's understanding of the benefits of our PLM solutions,
including return on investment and value creation; our successful development
and integration of the technology necessary to offer an integrated Product
Development System that adequately responds to evolving customer requirements;
our efforts to successfully compete in the MCAD industry by differentiating
our MCAD offerings by targeting synergies with Windchill; the success of our
partnering, distribution and customer satisfaction initiatives; the success of
our cost reduction initiatives; and the effects of a weakening economy which
may impact the overall demand for software and related services; as well as
other risks and uncertainties detailed from time to time in reports filed by
PTC with the Securities and Exchange Commission, including the Company's most
recent reports on Form 10-K and 10-Q.
PTC and its logo, Product First, The Product Development Company, Create
Collaborate Control, Simple Powerful Connected, Pro/ENGINEER, Wildfire,
Windchill, and all PTC product names and logos are trademarks or registered
trademarks of Parametric Technology Corporation or its subsidiaries in the
United States and in other countries.
Investor Contact Information Public Relations Contact Information
Meredith Mendola Joe Gavaghan
781-370-6151 781-370-5074
mmendola@ptc.com jgavaghan@ptc.com
SOURCE PTC
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Related links:
http://www.ptc.com
CONTACT:
Meredith Mendola, +1-781-370-6151,
mmendola@ptc.com; or Joe Gavaghan, +1-781-370-5074,
jgavaghan@ptc.com, both for PTC
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