PTC Names Matthew Cohen Executive Vice President, Global Services and Partners

Needham, MA, USA, March 6, 2014 – PTC (NASDAQ: PTC) today announced Matthew Cohen will become Executive Vice President of Global Services and Partners, effective April 1. Cohen joined PTC in 2001, serving most recently as Divisional Vice President in PTC's global services organization. In this capacity, Matt led the company's worldwide consulting and training lines of business and oversaw a team of more than 1000 delivery professionals responsible for ensuring clients realize value from PTC Solutions.

"Over the past few years, PTC has aggressively expanded its technology solution portfolio to help its customers capitalize on an increasingly smart, connected world," said James Heppelmann, president and CEO of PTC. "As a result, our customers today view us as a trusted advisor on how to unleash new kinds of value by transforming how they create, service and, most recently, operate their products. Matt's demonstrated ability to transform customer relationships into true partnerships positions him, and PTC, for great success in this role."

During his tenure at PTC, Cohen has served in a series of leadership roles across the Sales and Services organizations. Within PTC's global services organization, Cohen has helped set sales, product and training strategy. He also built and oversaw the rapid growth of the company's Education Services (PTC University) business. Prior to joining PTC, Cohen was a human and organizational capital development consultant at iobility. Cohen serves on the advisory board of the TSIA and is a frequent expert speaker in the service industry.

"There has never been a more exciting time to be a part of PTC and I look forward to working with the rest of the PTC executive team to capitalize on our current momentum," said Cohen. "Our service strategy will remain focused on strong margin expansion while ensuring our customers achieve true competitive advantage through their partnership with PTC."

Cohen replaces Marc Diouane, who is leaving to pursue other opportunities.

"During his time at PTC, Marc made many valuable contributions," said Heppelmann. "On behalf of the entire PTC management team, I would like to thank him for his many years of service and wish him the best in his future endeavors."

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