Parametric Technology Corporation (PTC) Chooses MCI WorldCom On-Net Services
$10 Million Deal Confirms MCI WorldCom's Status as
PTC's Primary Communications Provider
WALTHAM, Mass., June 21, 1999 - MCI WorldCom (NASDAQ: WCOM)
today announced it has signed a two-year, $10 million dollar
communications services contract extension with Parametric Technology
Corporation (NASDAQ: PTMC), a Waltham, Mass.-based software company.
"We've enjoyed a long, mutually beneficial relationship
with MCI WorldCom," said Steve Horan, vice president of
information technology at PTC. "Their demonstrated commitment to
customer service, competitive rates and leading technology made the
decision an easy one."
Under the terms of the contract, MCI WorldCom will provide
Parametric with a full suite of MCI WorldCom products and services
including voice, calling cards, international toll free, international
private lines, frame relay and audio/video conferencing.
"We feel privileged to be PTC's primary communications
provider," said Edward Franklin, vice president, global accounts,
MCI WorldCom. "Through MCI WorldCom On-Net Services we can provide
PTC with seamless service and reliability because we own the fiber and
equipment and manage the network end-to-end."
About Parametric Technology Corporation:
Parametric Technology Corporation, founded in 1985 and headquartered
in Waltham, Mass., develops, markets and supports integrated product
development and lifecycle management solutions that help companies spur
innovation and achieve sustained competitive advantage. PTC's
software solutions are complemented by the strength and experience of
its professional services organization, which provides training,
consulting and support to customers worldwide. In its fiscal year ended
September 30, 1998, the company achieved more than $1 billion in
revenue. PTC can be reached at 781-398-5000, or via the Web at
http://www.ptc.com.
About MCI WorldCom:
MCI WorldCom is a global leader in communications services with 1998
revenues of more than $30 billion and established operations in over 65
countries encompassing the Americas, Europe and the Asia-Pacific
regions. MCI WorldCom is a premier provider of facilities-based and
fully integrated local, long distance, international and Internet
services. MCI WorldCom's global networks, including its
state-of-the-art pan-European network and transoceanic cable systems,
provide end-to-end high-capacity connectivity to more than 40,000
buildings worldwide. MCI WorldCom is traded on NASDAQ under WCOM. For
more information on MCI WorldCom, visit the World Wide Web at
http://www.wcom.com.
