| Parametric Technology Corporation |
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Parametric Technology Corporation () provides Product Lifecycle Management (PLM) engineering CAD / CAM Software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC was a member of the S&P 500 Index through the end of 2006, when it instead became listed in the S&P Midcap 400. It is also in the Russell 2000 index. PORTFOLIO PTC has five core products – Pro/ENGINEER , Windchill , Arbortext , Mathcad and FlexPLM. HISTORY Since 1985, PTC has serviced top-notch customers, acquired key companies, and created industry-leading products including the best in product development software. These milestones have contributed to the products, solutions and corporate culture that make PTC the leading provider of product development solutions. Samuel Petrovich Geisberg previously worked at Prime Computer , Computervision (CV) and Applicon . Geisberg founded PTC as a competing CAD software company, introducing Pro/ENGINEER in 1985 . It was the first parametric, associative feature-based, solid modelling software. John Deere became PTC's first customer. Once an initial version of Pro/ENGINEER was developed, the company received venture capital funding from Charles River Associates and Steve Walske became the CEO. Parametric Modelling caused a major paradigm shift in the CAD/CAM industry. On December 29 , 2006 Standard & Poor's bumped Parametric Technology off its S&P 500 Index, and replaced it instead with the newly spun-off natural gas company Spectra Energy Corp. (). Parametric then bumped Pier 1 Imports Inc. (), a retailer of home furnishings, down one spot and off of the bottom of the S&P MidCap 400 Index. S&P changes makeup of indexes, Spectra set to become index component , By Ana Campoy, MarketWatch, Dec 20, 2006 COMPANIES ACQUIRED BY PTC
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