PTC today announced plans to empower members of its channel network to drive growth through delivery of a much expanded set of offerings from the broad and deep PTC solution portfolio. Over the past few years, PTC has combined its software technology, process expertise, and rapid deployment capabilities into a portfolio of solutions designed to meet specific customer needs. Now, PTC plans to fuel growth for these solutions by enabling current and future channel partners to carry more of them to market.

1. PTC Stimulates Channel Growth with New Solution Portfolio,
Enhances Executive Commitment with Addition of Industry Veterans
Kerry Grimes Joins Company to Lead Worldwide Channel Sales; Gary Smith to Drive Channel
Sales for North America
NEEDHAM, MA – October 15, 2013 – PTC (Nasdaq: PMTC) today announced plans to empower
members of its channel network to drive growth through delivery of a much expanded set of
offerings from the broad and deep PTC solution portfolio. Over the past few years, PTC has
combined its software technology, process expertise, and rapid deployment capabilities into a
portfolio of solutions designed to meet specific customer needs. Now, PTC plans to fuel growth
for these solutions by enabling current and future channel partners to carry more of them to
market.
“As a long-time PTC partner, we have found tremendous success in the market by matching up
our customers’ needs with PTC’s market leading products,” said Thane Hathaway, president
and CEO, EAC Product Development Solutions. “We believe our customers today trust us to
help them solve ever more complex challenges in different parts of their business. As a result,
we’re excited to have the opportunity to represent the broader PTC solution portfolio to the
market.”
In addition to expanding its technology commitment to its channel partners, PTC has also
enhanced its executive commitment by adding new leadership in its channel sales organization.
Specifically, Kerry Grimes has now joined PTC as senior vice president of the worldwide channel
sales organization. In his new role, Grimes will lead the development and execution of the goto-market partner strategy with PTC’s global network of partners who resell PTC’s software
solutions to the company’s small and medium businesses and large enterprise customers. Gary
Smith has also joined as VP of channel sales in North America.
“PTC believes in the value of strong channel partners and we realize that our channel partners
are a key to our long term growth and success,” said Robert D. Ranaldi, executive vice president
of Worldwide Sales and Distribution, PTC. “It is based on that belief and commitment that we
have added Kerry Grimes and Gary Smith to our team. We are excited to have them focus on
growing the channel, and ultimately equipping our partners to be able to sell a larger portfolio
of solutions for PTC.”
Grimes was most recently vice president of Global Solution Partner Sales for Siemens PLM
Software, where, under his leadership, the channel program size almost doubled. Prior to
joining PTC, Smith served as vice president of Americas channel sales for Autodesk, where he
was responsible for the worldwide channel volume business strategy, as well as the strategic

2. planning and implementation of all channel programs designed to provide Autodesk’s channel
partners with sales strategies, support, marketing, training and incentives.
“I am excited to join a company with such an exciting enterprise application strategy and I
intend to bring my expertise to create an enterprise class channel ecosystem which will
maximize channel sales for PTC,” said Kerry Grimes. “With PTC’s commitment to the channel
organization we can begin to extend channel sales beyond the company’s CAD and PLM
solutions and start to sell some of the company’s other strategic solutions.”
Additional Resources:
 PTC ChannelAdvantage
Follow us on Twitter - Watch us on YouTube - Connect with us on LinkedIn - Join our PTC
Community - Visit us on Facebook – View other Social Media Platforms
About PTC
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service
advantage. The company's technology solutions transform the way products are created and
serviced across the entire product lifecycle - from conception and design to sourcing and
service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000
businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get
more information at www.ptc.com.
PTC, Product & Service Advantage and the PTC logo are trademarks or registered trademarks of
PTC Inc. or its subsidiaries in the United States and other countries.
Contacts:
PTC Corporate Communications
Julie Blake
781.370.5435
jublake@ptc.com
WeberShandwick
Anand Savani
617.520.7290
asavani@webershandwick.com
.