NEEDHAM, Mass., September 6, 2011 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced it has acquired 4CS Solutions, Inc., a developer of warranty management and service lifecycle management software. The acquisition broadens PTC's portfolio of solutions for product support and service organizations, and supports PTC's vision for solutions that span both product and service lifecycles. 4CS was privately-held and terms of the deal were not immediately disclosed

OUR MISSION

'To enable businesses to retain customers for life and to optimize the lifetime value of those customers through proactive and collaborative service solutions.'

4CS accomplishes this mission by:

Services business model: Enabling companies to offer comprehensive services and tightly integrated solutions producing value throughout the entire product lifecycle

Service Network: Connecting each customer to the exact capability that matches their current need from the manufacturers, distributors, retailers, suppliers, logistics providers, and embedded services, in order to maximize customer loyalty and service chain profitability.