CIMdata Recognizes PTC with Market Excellence Award; Consulting and Research Firm Recognizes PTC for Greatest Market Share Increase for 1999.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--May 1, 2000

PTC (NASDAQ: PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced it was named the CIMdata market winner in a category recognizing industry excellence measured by the greatest increase in sales for 1999. PTC received the honor at the CIMdata 2000 conference held April 11-13 in Palm Springs, California.

CIMdata recognized PTC for its growth in the CPC market, citing PTC's revenue growth from $45 million in 1998 to $115 million in 1999, representing a 155% gain, for its Windchill Factor! e-Series solutions.

"We are delighted to be recognized by CIMdata for our contributions to the CPC market and our fast-paced sales growth of Windchill," said James P. Baum, executive vice president and general manager, Windchill at PTC. "PTC has been helping companies harness the advantages of open, Internet technologies with Windchill, and we're pleased with our results."

CIMdata provides worldwide strategic consulting and in-depth research for industrial organizations and suppliers of technologies and services seeking competitive advantage in the global economy, and within the evolving e-business environment. The CIMdata 2000 conference brought together prospects, users, vendors, suppliers and industry experts to exchange information about managing the full product definition lifecycle in the extended enterprise.

About PTC's Web-based Collaboration Solutions

Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.

About PTC

PTC (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the Web at http://www.ptc.com.

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include PTC's ability to anticipate and adequately respond to evolving customer requirements and to deliver products and services that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.

Parametric Technology Corporation and Windchill are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.