PTC Appoints Andrew Timm as Chief Technology Officer

Alignment of Technology Vision and Strategy to be Emphasis of Role, with Focus on Driving Physical and Digital Convergence

NEEDHAM, Mass. — (BUSINESS WIRE) — August 16, 2016PTC (NASDAQ: PTC) today announced that Andrew Timm has been appointed as the company’s Chief Technology Officer (CTO). In this role, Timm will drive the company’s technology innovation, alignment, and governance processes. Timm will work closely with PTC President and CEO Jim Heppelmann and other technology leaders to achieve PTC’s goal of providing the leading technology platform that innovators use to bridge the physical and digital world, fundamentally changing the way we see and interact with the things around us.

“I can’t think of anyone with proven, real-world technology skills that are deeper and broader than Andy’s,” said Jim Heppelmann, president and CEO, PTC. “Andy’s deep experience with our traditional products, coupled with his knowledge of and passion for the Internet of Things make him uniquely qualified to drive PTC’s technology transformation, and further accelerate our ability to help customers succeed in a smart, connected world.”

Timm began his career with PTC before following his entrepreneurial spirit, starting a consulting company focused on helping customers derive business value from PTC software. He later brought his team to Kalypso, a PTC systems integrator partner, where he initiated the company’s IoT practice and worked with ThingWorx® technology. Throughout his career, Timm’s ability to build and motivate talented teams had led to his success with both customers and colleagues. Most recently, Timm served as vice president of PTC’s Technology Platform Group, where he energized the technical dimension of its IoT partner program.

“Having spent the bulk of my career working with PTC technology, I am honored to take on the vitally important role of Chief Technology Officer,” said Andrew Timm. “It is thrilling to have the opportunity to drive and accelerate the technology transformation at PTC in these exciting times.”

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.

PTC, the PTC logo, and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.



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