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Parametric Technology Corporation (PTC) develops, markets, and supports a comprehensive suite of product development and information management solutions. Its solutions empower companies, across industry lines, to gain a strategic competitive advantage by streamlining engineering processes, improving product quality, optimizing product information management, and reducing product development costs and time-to-market cycles. Worldwide, more than 21,000 companies leverage these products and support services. Founded in 1985, Parametric Technology employs more than 3,000 people at its headquarter operations in Massachusetts and throughout sales and support offices in North America, Europe, and Asia. Since 1988, when it commenced commercial shipments of its Pro/ENGINEER (R) product line, PTC has emerged as the fastest growing company in the mechanical design automation market, with more than 186,000 seats of software installed. A publicly traded company (NASDAQ: PMTC), Parametric Technology has achieved strong growth performance with revenue exceeding $1 billion. In January 1998, it acquired Computervision Corporation, broadening its customer base to include many of the largest manufacturing companies in the automotive, aerospace, and ship-building industries. It is now one of the largest independent software companies in the world.
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