NEEDHAM, Mass. – July 25, 2017 – PTC (NASDAQ: PTC) regrets to report the death of Renato (Ron) Zambonini, a member of the PTC Board of Directors, who passed away on July 23, 2017. Mr. Zambonini had a long and distinguished career in the technology industry, including serving as CEO of Cognos from 1995 until his retirement in 2004. Mr. Zambonini served as a member of PTC’s board of directors from 2011 to 2017, including serving most recently as a member of PTC’s Compensation and Corporate Governance committees.

"We are deeply saddened by the death of Ron Zambonini, a valued member of the PTC Board of Directors for the past six years," said Jim Heppelmann, president and CEO, PTC. "Ron contributed greatly to PTC through his broad business expertise and insights and through his independent and direct leadership style. In addition, in my early years as CEO of PTC, Ron served as a mentor to me, as he had followed a similar career path by becoming CEO of Cognos after serving as the company’s technology leader. Our thoughts and prayers are with Ron’s family and friends."