Thomas Bogan Departs PTC Board of Directors

Needham, MA, USA, June 8, 2015PTC (Nasdaq: PTC), today announced that Thomas Bogan has resigned from its Board of Directors.

Mr. Bogan elected to leave the board after four years of service given the demands of his new job as CEO of Adaptive Insights, the leader in cloud corporate performance management software.

"Tom Bogan has been a tremendous asset to our board of directors, helping PTC grow and execute on its business strategy centered on helping companies transform how they create, connect, operate and service products," said Jim Heppelmann, president and CEO, PTC. "Tom has also been instrumental in helping guide PTC's business model transformation. We thank him for his many contributions as a member of PTC's board and wish him continued success in his new role."

"It has been a great pleasure and privilege to be part of the PTC team these past several years," noted Mr. Bogan. "I have learned a lot and appreciate everything the leadership team has done to fundamentally reposition PTC for future long-term success."