new 5 mil order
PTC Receives $5.5 Million Order for Software and Services from Tyco Electronics Corporation; Tyco Electronics to Standardize on PTC i-Series
WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 21, 1999--Parametric
Technology Corporation (NASDAQ:PMTC) today announced that it has
received a $5.5 million order for software and services from Tyco
Electronics Corporation, the world's leading supplier of electrical
and electronic connection devices. With this order, the Harrisburg,
Pa. based division of Tyco International Ltd., will standardize on PTC
i-Series product development design automation technology including
Pro/ENGINEER and Pro/MECHANICA. The software, which was shipped to the
company during PTC's fourth fiscal quarter (ended September 30, 1999),
will be implemented over the next five years.
Tyco Electronics Corp., a PTC customer since 1994, is the world's
leading supplier of electrical and electronic connectors and
interconnection systems. In addition to Pro/ENGINEER and
Pro/MECHANICA, Tyco Electronics currently uses PTC's product data
management tools as well as InPart, PTC's Internet-based portal of
more than 650,000 3D mechanical CAD models with over 13 million
technical specifications.
"Our goal is to establish Tyco Electronics as the premier shared
services group within Tyco for engineering software and services. We
have standardized on Pro/ENGINEER so that we can have a solid
foundation for an innovative and cost-effective product development
process," said Ron Vance, Vice President and Chief Information
Officer, Tyco Electronics.
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