PTC Honored with STAR Award for Overall Operational Excellence in Technology Professional Services

Technology Services Industry Peers Honor PTC's Commitment to Continuous Improvement in Service and Support

NEEDHAM, Mass. — (BUSINESS WIRE) — November 15, 2010 — PTC® (NASDAQ: PMTC), The Product Development Company®, today announced it has been named the winner of the Fall 2010 Technology Services Industry Association (TSIA) STAR Award for Overall Operational Excellence in Technology Professional Services. The award was announced October 20 at the Technology Services World conference in Las Vegas.

The award recognizes PTC for achieving exceptional organizational maturity across all areas of the professional services business. These include developing people, building customer relationships, and delivering high quality services to customers.

With more than 20 years experience in implementing complex product development systems, PTC Global Services believes that a successful customer program occurs through a strategic partnership that is focused on achieving customer value. PTC’s Value Centric Engagement approach enables customers to maximize their product development investments by building a roadmap to value that leverages industry best practices, the appropriate governance, a shared delivery model, and a value scorecard that measures client specific metrics for success. This approach helps customers achieve real, measurable value from their PLM (product lifecycle management) implementations. This concept of realized value underlies PTC’s delivery strategy which utilizes its proprietary Realized Value Platform (RVP), a comprehensive set of field-tested intellectual property configured to meet customer specific implementation needs and to deliver an efficient, high-quality PLM implementation.

“Customer value is the center of everything we deliver,” said Marc Diouane, executive vice president global services, PTC. “Our expertise, capabilities and capacity enable PTC customers to realize value through the full lifecycle of deploying an enterprise PLM solution. We work to create a partnership with our customers to improve product development performance through technology-enabled process improvements. The TSIA STAR award is validation that PTC is committed to customer service and support.”

"The here-and-now realities facing today's services organizations present a multitude of challenges and PTC has clearly demonstrated its high-level commitment to delivering world-class results," said J.B. Wood, CEO, TSIA.

Companies seeking the STAR Award undergo a rigorous evaluation process, with the winners selected by TSIA’s service discipline advisory board members. Since 1990, the STAR Awards have become one of the highest honors in the service and support industry, acknowledging the contribution of companies of all sizes to the continual improvement of service and support delivery industry-wide. For information on the STAR Awards, go to www.tsia.com/awards_and_certifications/star_awards.html.

About TSIA

The Technology Services Industry Association (TSIA) is the leading association dedicated to advancing the business of technology services. Technology services organizations large and small look to TSIA for world-class benchmarking and research, exceptional peer networking and learning opportunities, and high-profile certification and awards programs. Find TSIA online at www.tsia.com.

About PTC ( http://www.ptc.com)

PTC (Nasdaq: PMTC), The Product Development Company®, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. Using the company’s tightly integrated CAD and enterprise PLM solutions, organizations are better able to create and manage product information throughout the lifecycle for optimal product development success.

PTC, The Product Development Company, and all other 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.



Contact:

PTC
Corporate Communications
Beth Ambaruch, 952-435-5058
Email Contact
or
For PTC
Weber Shandwick
Kristen Georgian, 617-520-7042
Email Contact




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