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The Boston Globe

Business

Parametric Technology Corp. officially changes its name to PTC

Parametric Technology Corp., the formal name of a Needham company whose specialties include computer aided design, or CAD, and product lifecycle management, has long gone by the short-hand monicker of PTC.

In a press release Thursday, the company announced that it will legally change its name, effective Jan. 28, and that henceforth it will be known as PTC Inc., or PTC, for short.

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