PTC Names Jeffrey D. Glidden as CFO

NEEDHAM, Mass. — (BUSINESS WIRE) — September 20, 2010 — PTC® (Nasdaq: PMTC), The Product Development Company®, today announced the appointment of Jeffrey D. Glidden as Executive Vice President and Chief Financial Officer, effective September 27, 2010.

“Jeff’s strong financial and operational background, along with his collaborative style and profitable growth-oriented outlook, will be a valuable asset for PTC as we focus on delivering sustainable EPS growth driven primarily by organic revenue growth,” said James Heppelmann, CEO-elect and president, PTC. “We are looking forward to having a world-class CFO like Jeff join the PTC management team to help optimize and improve the efficiency and predictability of our business.”

Most recently, Mr. Glidden served as vice president, CFO at Airvana, Inc. from 2005 through 2010. Prior to Airvana, Mr. Glidden was senior vice president, finance and operations and CFO at RSA Security from 2002 to 2005. Prior to RSA Security, Mr. Glidden was vice president and CFO at Stream International. Mr. Glidden has also held senior finance positions at Banyan Systems and Compugraphic/Agfa. He holds an MBA from Harvard Business School and a BS in Industrial Economics from Union College.

Mr. Glidden commented, “I am excited to join the management team of a recognized leader in the PLM market. I believe PTC has a significant growth opportunity and a compelling strategy to generate long-term shareholder value.”

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM, CAD and related solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.

PTC, the PTC logo and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and other countries.



Contact:

PTC
Kristian Talvitie, 781-370-6151
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
Email Contact




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