CIMdata PLM Industry Summary Online Archive
27 July 2004
Company News
PTC Appoints William Berutti to Lead Corporate Development at PTC
PTC has named PTC executive William Berutti as senior vice president, corporate development. In this new role, Berutti will define strategy and execute plans for enhancing PTC's growth opportunities through strategic corporate development initiatives.
"We are focused on improving long-term shareholder value through revenue and earnings growth and anticipate that strategic corporate development opportunities will play an increasing role in our overall strategy," said C. Richard Harrison, president and chief executive officer, PTC. "Bill is a seasoned PTC executive whose strong marketing and business development background, in addition to his manufacturing expertise, makes him the ideal person to lead our corporate development activities."
"I am taking on this new challenge at the perfect time for PTC ( http://www.ptc.com/index.htm ) to capitalize on opportunities within the PLM market," said Berutti. "Industry analysts have estimated that the PLM market will reach over $14 billion in total revenue by 2008. My objective will be to create a corporate development program that increases PTC's share of this expanding marketplace through strategic opportunities that complement our current PLM solutions."
Berutti most recently served as PTC's senior vice president, strategy and product marketing. Since joining PTC in 1996, Berutti has held various PTC management roles, and was responsible for guiding product strategy and marketing, product planning and technology-oriented business development activities.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.