PTC Appoints Technology Veteran Phil Fernandez to Its Board of Directors

NEEDHAM, Mass. — (BUSINESS WIRE) — February 24, 2016PTC (Nasdaq: PTC) today announced the appointment of Phil Fernandez to its Board of Directors effective March 2, 2016. The addition of Fernandez as an independent director will expand PTC’s Board to eight members.

Fernandez is Chief Executive Officer and Chairman of the Board of Marketo, Inc., a leading provider of engagement marketing software and solutions, a position he has held since January 2006. In this role, he sets the vision for the company and drives operational excellence and Marketo’s commitment to its core values. Marketo was recently named a leader by Gartner Inc. in the Magic Quadrants for Digital Marketing Hubs and CRM Lead Management.

Prior to co-founding Marketo, Fernandez served as President and Chief Operating Officer for Epiphany, Inc., a marketing software company acquired by SSA Global Technologies, Inc. Earlier, he was COO at Red Brick Systems and held leadership positions at Metaphor Computer Systems, Stanford University Medical Center, and Masstor Systems.

“Phil has amassed more than thirty years’ experience building and leading breakout technology companies in Silicon Valley and brings deep expertise in both digital marketing and subscription-based pricing to our board of directors,” said Jim Heppelmann, president and CEO, PTC. “His wealth of experience and expertise in establishing market leadership will make him a strong asset to our team. We are excited to welcome him and look forward to his contributions to PTC’s board.”

Fernandez is a well-known writer and speaker on topics related to digital marketing, marketing automation, big data, and entrepreneurialism, and is the author of Revenue Disruption (Wiley, 2012), which delivers bold new strategies for any company to transform its sales and marketing to accelerate revenue growth.

“PTC has again demonstrated itself to be a technology innovator with its leadership in the Internet of Things,” offered Fernandez. “I look forward to helping the company capitalize on its tremendous market opportunities.”

About PTC
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.

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