PTC's PLM Vision and Execution Drive Leadership Recognition in 'Magic' Quadrant 

Gartner Rewards PTC for its Delivery of Products and Commitment to a Complete PLM Solution

NEEDHAM, MA. - March 25, 2003 - PTC (Nasdaq: PMTC), the product development company, today announced that Gartner Inc. has documented PTC's leadership status in the PLM market. Gartner's March 2003 "Product Lifecycle Management (PLM) Magic Quadrant" report, published last week, recognizes PTC's Product First vision and complete PLM solution suite as key elements to its leadership position. 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 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's commitment to helping companies win with superior products led to its placement in the leadership quadrant in the "dynamic and fiercely competitive market" for PLM. Gartner also acknowledged that PTC's delivery of its fully integrated PLM software suite was a unique differentiator for the company. "Early adopter customers have validated the benefits and time-to-value that the new generation of applications deliver," said the report.

Leaders in the Magic Quadrant "have a significant presence in the PLM market, with good prospects for the future." PTC's 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." PTC's 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 continued recognition of PTC's leadership role in product development and PLM 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. 

www.ptc.com

 

Sponsored Links

AnyDWG Offers DWG to PDF, DWG to DXF, PDF to DWG, DWG to JPG, PDF to DXF Converters

AutoDWG offers DWF to DWG, DWG to PDF , PDF to DWG, DWG to Flash Converters, DWG Viewer.

eCampus.com Get your stuff for College... Cheap! Textbooks, Greek Gear, DVD's, University Clothing, Computers and MORE!

Access Your PC from Anywhere Free Trial plus 10% Off!