Michael E. Porter, Professor at the Harvard Business School, Joins Parametric Technology Corporation's Board of Directors

Business Wire, Feb 21, 1995

WALTHAM, Mass.--(BUSINESS WIRE)-- February 21, 1995 -- Parametric Technology Corporation (NASDAQ: PMTC) announced today that Michael E. Porter has been elected to the company's Board of Directors. He succeeds Donald W. Feddersen, general partner of Charles River Ventures, a venture capital firm. Feddersen had served on PTC's board since 1987.

Porter is the C. Roland Christensen Professor of Business Administration at the Harvard Business School and a leading authority on competitive strategy. He is the author of 14 books and over 50 articles, and has served as a counselor on competitive strategy to both government and industry. He also serves on the boards of directors of Lotus Development Corporation and Alpha-Beta Technologies.

"We welcome Professor Porter to our board and look forward to his insight and guidance," said Steven C. Walske, chairman and chief executive officer of Parametric Technology. "At the same time, we want to express our appreciation to Don Feddersen, who was instrumental in guiding our growth and development over the past eight years."

Parametric Technology Corporation has emerged as the CAD/CAM/CAE industry's leading supplier of mechanical design automation software. Its software tools for mechanical design, manufacturing, and product data management are used by more than 5,000 companies throughout the world to reduce time to market, improve engineering processes, and optimize product quality. The company's growth strategy emphasizes technological leadership, aggressive price/performance, hardware independence, worldwide distribution, and extensive customer support.

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Pro/ENGINEER is a registered trademark of Parametric Technology Corporation.

CONTACT: John W. Hudson

Parametric Technology Corp.

617/398-5000