ICAM to Sell Direct – Terminates OEM Agreement with Parametric Technology Corporation

ICAM Technologies Corporation (ICAM) announced today that it has terminated its Program License and Distribution Agreement with Parametric Technology Corporation (PTC). The agreement, signed in December 1995, permitted PTC to market ICAM’s CAM-POST NC post-processing software to Pro/ENGINEER users under the name Pro/NCPOST.

ICAM will now sell its complete range of products and services, including the new Floating License Manager, directly to Pro/ENGINEER users through its direct sales organization and worldwide dealer network. ICAM is committed to working closely with PTC to support mutual customers over the next two years.

“This is a positive and healthy change for ICAM, and we are all very excited about it,” says John J. Nassr, President of ICAM. “Working with PTC over the past four years has helped us to grow tremendously as a company. We now have 75 dealers in 43 countries, we control the lion’s share of the NC post-processing market, and we’re introducing a series of exciting new features, including floating licenses. ICAM is the industry’s leading developer of NC post-processing solutions, and we’re committed to furthering and enhancing this position. It’s time to establish a closer, more direct relationship with our clients.”