NEEDHAM, Mass., March 25 /PRNewswire/ -- PTC (Nasdaq: PMTC), the product
development company(TM), today announced that Gartner Inc. has listed PTC in
the leader quadrant in the PLM market.* Gartner's March 2003 "Product
Lifecycle Management (PLM) Magic Quadrant" report, published last week
evaluated PTC based on its ability to execute and vision. 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.
The Gartner Magic Quadrant profiles companies that "will have the greatest
effect on shaping the PLM market through 2007." PTC is committed to helping
companies win with superior products and feels that this commitment led to its
placement in the leadership quadrant in the "dynamic and fiercely competitive
market" for PLM. Another unique differentiator for PTC is its fully
integrated PLM software suite. "Early adopter customers have validated the
benefits and time-to-value that the new generation of (PTC) applications
deliver," said the report.
Leaders in the Magic Quadrant "have a significant presence in the PLM
market, with good prospects for the future." 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." 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 listing of PTC in the PLM leader quadrant 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.
*The Magic Quadrant is copyrighted March 2003 by Gartner, Inc. and is
reused with permission, which permission should not be deemed to be an
endorsement of any company or product depicted in the quadrant. The Magic
Quadrant is Gartner, Inc.'s opinion and is an analytical representation of a
marketplace at and for a specific time period. It measures vendors against
Gartner defined criteria for a marketplace. The positioning of vendors within
a Magic Quadrant is based on the complex interplay of many factors. Gartner
does not advise enterprises to select only those firms in the "Leaders"
quadrant. In some situations, firms in the Visionary, Challenger, or Niche
Player quadrants may be the right matches for an enterprise's requirements.
Well-informed vendor selection decisions should rely on more than a Magic
Quadrant. Gartner research is intended to be one of many information sources
including other published information and direct analyst interaction. Gartner,
Inc. expressly disclaims all warranties, express or implied, of fitness of
this research for a particular purpose.
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: 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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AP Archive: http://photoarchive.ap.org
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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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