PTC and Origin Technology in Business Expand Strategic Alliance; Origin Delivers Integrated B2B Solutions to Clients Worldwide Through the PTC Enterprise Consulting Program

Business Wire, April 26, 2000

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--April 26, 2000

PTC (NASDAQ:PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced it has expanded its strategic alliance with Origin Technology in Business (Origin), supporting Origin's new, full-scale practice area focused on CPC. Origin, one of the world's leading management consulting companies, will deliver end-to-end CPC consulting services to discrete manufacturing clients based on PTC's Windchill software.

Together, PTC and Origin offer total solutions that empower customers to leverage the power of the Internet to collaborate among organizations, strategic suppliers, and customers to conceive, develop, and deliver innovative products that differentiate themselves within their markets. By deploying Windchill-based CPC solutions, customers will be able to achieve significant benefits including reduced time-to-market, increased revenues, and improved profitability and customer satisfaction.

The PTC and Origin alliance enables the companies to increase joint solution development, marketing, and sales activities. In addition, Origin's Competency Centers will include Windchill-based CPC demonstration capabilities. Origin's CPC competency area will be ramped up over the next nine months with up to 100 consultants to be trained on Windchill.

"PTC is committed to forming strong partnerships with industry leading consultants worldwide," said Anthony DiBona, executive vice president of PTC's Enterprise Consulting Partner Group. "With the surge of Internet-based B2B initiatives, consulting organizations are fully engaged in developing capabilities to meet the needs of world-class manufacturers, and CPC competency is central to the e-business practices being developed."

Origin has been a member of PTC's global Enterprise Consulting Partner (ECP) program since April 1999. PTC and Origin have successfully deployed innovative CPC solutions to joint clients around the globe including DuPont, Timberjack, Alliant, and HTI. "We view collaborative product commerce as a tremendous business opportunity, and PTC's Windchill is the clear market leader in this space," explained Rob Mol, executive vice president, Enterprise Solutions, Origin Technology in Business. "The strengthening of our global strategic alliance is testament to our ongoing success."

About PTC's Web-based Collaboration Solutions

Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.

About PTC

PTC (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the Web at http://www.ptc.com.

About Origin

Origin provides a full spectrum of business and IT solutions for global corporations and other complex extended enterprises through operations in more than 30 countries. A leader in enterprise implementations and outsourcing, Origin employs a staff of over 17,000. Origin's unrivaled track record includes expertise in a number of industries such as process industries and high-tech manufacturing. Customers include Akzo Nobel, ICI, Lucent Technologies, Philip Morris, Philips, Procter & Gamble, Shell, and Unilever. For more information, please see Origin at www.origin-it.com. Public relations contact for Origin Technology in Business: Kathleen Flaherty, k21 Communications, 415-440-2121, kflaherty@k21.com.

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include PTC's ability to provide successful joint services with systems integrators that respond to evolving customer requirements and to deliver services that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.