Needham, MA – August 26, 2015 – PTC® (NASDAQ: PTC) today announced an investment in a Series F funding for its strategic partner ServiceMax, a leading provider of field service management solutions. The investment expands PTC’s relationship with ServiceMax, announced in May of this year, as well as furthers its ongoing commitment to the service lifecycle management (SLM) marketplace. More on this announcement=> http://www.ptc.com/about/news-room/press-releases/2015/ptc-expands-existing-relationship-with-strategic-investment-in-servicemax

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PTC Expands Existing Relationship with Strategic Investment in ServiceMax
Solidifies Commitment to Service Lifecycle Management (SLM) Marketplace
Needham, MA – August 26, 2015 – PTC® (NASDAQ: PTC) today announced an investment in a
Series F funding for its strategic partner ServiceMax, a leading provider of field service
management solutions. The investment expands PTC’s relationship with ServiceMax,
announced in May of this year, as well as furthers its ongoing commitment to the service
lifecycle management (SLM) marketplace.
ServiceMax is a major provider of complete end‐to end mobile and cloud‐based technology for
the field service management industry. ServiceMax creates solutions for the millions of people
globally who install, maintain, and repair machines and other industrial assets across dozens of
industries.
As announced earlier, PTC and ServiceMax have partnered to engage in joint development,
marketing, and sales. PTC is in the process of integrating its world‐class Service Information and
Parts Optimization solutions with ServiceMax’s powerful Field Service Management (FSM)
solution. PTC is also integrating the combined solutions with its ThingWorx® application
development platform to enable pervasive Internet of Things (IoT) connectivity, making
possible remote, predictive, and proactive service, as well as outcome‐based business models.
Since the announcement, customers and industry analysts have commented favorably on the
parties’ relationship.
This latest round of financing for ServiceMax is a co‐investment led by Premji Investments, with
participation from several other investors, including GE – another PTC partner. ServiceMax has
stated that it intends to use the financing to increase its sales and marketing efforts.
“Our strategic investment underscores the importance of our relationship with ServiceMax as
well as PTC’s commitment to the SLM market,” stated Jim Heppelmann, president and CEO,
PTC.
"We are excited and proud of our deepening relationship with PTC, as evidenced by this
investment,” stated Dave Yarnold, CEO, ServiceMax. “We are helping customers around the
world leverage their service organizations to drive growth. With 400 companies relying on
ServiceMax as their mobile field service solution, we’ve clearly established ourselves as the
global market leader. We’re thrilled to secure financing that will enable us to continue investing

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in this massive market opportunity and fuel the convergence of field service and the Internet of
Things.”
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About PTC
PTC (Nasdaq: PTC) is a global provider of technology platforms and enterprise applications for
smart and connected products, operations, and systems. PTC’s enterprise applications serve
manufacturers and other businesses that create, connect, operate, analyze and service
products. Led by its award‐winning ThingWorx® application enablement platform, PTC’s
platform technologies help companies deliver new value emerging from the Internet of Things.
An early pioneer in Computer Aided Design (CAD) software, PTC later expanded into product
lifecycle management and service lifecycle management. Today, PTC employs more than 6,000
professionals serving more than 28,000 businesses worldwide.
PTC and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the
United States and other countries.
Contacts
PTC
Beth Ambaruch
952.435.5058
bambaruch@ptc.com
Weber Shandwick for PTC
Anand Savani
617.520.7290
asavani@webershandwick.com