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MKS®, a PTC® Company, Named "Cool Vendor" by Leading Analyst Firm

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MKS, a PTC Company, today announced it was selected for inclusion in the 2011 "Cool Vendors for Product Design and Lifecycle Management" report published on April 14, 2011 by Marc Halpern of Gartner Inc., a premier worldwide information technology research and advisory company. The company earned this distinction based on innovative, intriguing and impactful technology. 

In May, MKS and its IntegrityTM product line - which coordinates and manages all activities and artifacts associated with developing software-intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability - were acquired by PTC (Nasdaq: PMTC), the Product Development Company®. 

In one of the study's Key Findings, Gartner states: "Manufacturers aren't paying enough attention to system engineering, product requirements management and quality monitoring as software increasingly becomes part of manufactured products."  

"We are honored to be named one of Gartner's ‘Cool Vendors,'" said Michael Harris, president and general manager, Integrity business unit at PTC (formerly MKS president and CEO). "We believe Gartner's analysis affirms our strategic direction and industry focus. Our customers are consistently seeing the benefits of this approach, including improved release predictability, more rapid innovation, reduced overhead in compliance to standards and regulations, and higher product and process quality."