PTC, Inc. is a U.S.-based computer software company specializing in 2D & 3D
design software, product lifecycle management, and service management
solutions. Its core product lines are PTC Creo, PTC Windchill, PTC Mathcad,
PTC Integrity, PTC Servigistics, and PTC Arbortext.
Products PTC has six core product families: Creo,
Windchill, Mathcad, Integrity, Servigistics, and Arbortext. PTC
develops and delivers technology solutions, consisting of software and
services. The Company's technology is primarily used by discrete manufacturers
to design, operate and maintain complex products. PTC's technology is also used
to connect products to the Internet for purposes of capturing and analyzing
information from them. = PTC Creo =
Suite of 2D and 3D product design software used to create, analyze and
view product designs. PTC Creo software was released in June 2011 to replace and
supersede PTC’s products formerly known as Pro/ENGINEER, CoCreate, and
ProductView. = PTC Windchill =
Web-based database software that provides access to product information
like MCAD and ECAD data files, process documents and software engineering
information. = PTC Mathcad =
Engineering calculation software that is used by engineers to solve, document and
share the calculations used for product design.
= PTC Integrity = The PTC Integrity product family
provides a comprehensive set of Application Lifecycle Management and
Systems Engineering capabilities and consists of the following products:
PTC Integrity Asset Library PTC Integrity Lifecycle Manager
PTC Integrity Modeler PTC Integrity Process Check
PTC Integrity Process Consumer PTC Integrity Process Director
PTC Integrity Process Perspective PTC Integrity Requirements Connector
= PTC Servigistics = Service lifecycle management software
that is used by manufacturers to understand how service planning,
customer service, and analysis of returned product data can improve
service value over a product’s life. = PTC Arbortext =
Documentation software that helps companies create, manage, and publish
technical information. = ThingWorx =
A platform for the rapid development of applications designed for a world of
smart, connected sensors, devices, and products – or the Internet of Things.
= Axeda = An advanced cloud-based service and
software for managing connected products and machines and implementing innovative
Machine-to-Machine and Internet of Things applications.
History 1985 - Company founded by Samuel
Geisberg, formerly from Prime Computer, Computervision, and Applicon.1988 -
Steve Walske named CEO. Company shipped Pro/ENGINEER and was considered first to
market with parametric modeling design software. This positions PTC as a leader
in the CAD industry until the mid-1990s when a new generation of low-cost
competitors arrive in the market.1989 - Initial public offering.1992 -
Caterpillar Inc. becomes PTC’s largest customer.1996 - PTC acquires Reflex
project modeling and management software technology sold the following year to
the Beck Group.1998 - Company ships Windchill and is considered first to
market with internet-based solutions for Product Lifecycle Management.1999 - PTC
announces it has 25,000 customers. Major industries include aerospace,
retailapparel, automotive, industrial equipment, consumer products,
electronics, and high tech.1999 - Acquired Division Group Virtual reality
- dVision Head Mounted Display & Software
2002 - The company releases Pro/ENGINEER Wildfire. This is the first CAD system
to support web-based services.2005 - Acquired Arbortext for technical
publishing technology. Acquired Aptavis for retail, footwear and apparel
technology.2006 - Acquired Mathsoft for its engineering calculation software.
Acquired ITEDO for its 3D technical illustration software.2007 - Acquired
CoCreate for its direct modeling technology.2008 - Acquired Synapsis for
its performance analytics technology to improve environmental performance of
products.2009 - Acquired Relex Software for its reliability engineering
software.2010 - James E. Heppelmann announced as CEO effective October 1,
2010. Company renames Pro/ENGINEER to PTC Creo and promises the market product
design software that is scalable, open, and easy-to-use.2011 - Acquired 4CS for
its warranty, service, support and service parts technology. Acquired MKS
for its application lifecycle management technology for all software development
processes.2012 - Acquired Servigistics for its suite of service lifecycle
management software.2013 - Acquired NetIDEAS hosting vendor for more
technology deployment options. Acquired Enigma for its ability to deliver
technical content to aftermarket service environments. Acquired Internet of
Things platform developer ThingWorx for their software applications that connect
and track network-enabled products.2014 - Acquired Axeda Corporation 2014 -
Acquired ATEGO Software, a leader in MBSE tool used in aerospace,
transportation, and automotive industries
Companies acquired by PTC Prime Computer in 1992.
CDRS and 3DPaint from Evans & Sutherland on April 12, 1995 for $33,507,000.
Rasna Corp., developers of MECHANICA design optimization and simulation
software, in May 1995 for $180 million. PTC acquires Reflex project modeling and
management software technology in July 1996, for $30m.
Computervision, developers of CADDS, MEDUSA and the MPDS Plant Design System
in 1998 Division Group dVisor Virtual Reality
HMD Polyplan, Technologies acquired 2005 for
Manufacturing Process Management Arbortext, developers of Arbortext, in
2005 for $190 million DENC AG and Cadtrain Inc. in late 2005
for an aggregate of $10 million. DENC adds a German consulting practice with
expertise integrating PTC applications with enterprise-resource-planning
software. Irvine, Calif.-based Cadtrain provides online training modules for PTC
software. Aptavis Technology Corp, Windchill-based
technology and expertise for retail, footwear and apparel, in June 2005
Mathsoft, developers of Mathcad, in April 2006 for $63 million.
ITEDO Software GmbH in October 2006 for $17 million. ITEDO developed technical
illustration software and had 34 employees mainly in Germany and the
United States. NC Graphics in May 2007 for an
undisclosed sum. NetRegulus, Inc,an Enterprise Study and
Quality management software for Medical Devices, in November 2007
CoCreate in December 2007 for $250 million.
Synapsis Technology in December 2008 for an undisclosed sum.
Relex Software in June 2009 for $25 Million.
Planet Metrics in January 2010 for an undisclosed sum.
MKS Software makers of MKS Integrity - May, 2011
4CS Software Solutions Inc, a developer of warranty management and service
lifecycle management software for an undisclosed sum
Servigistics in August 2012 Enigma in July 2013/
NetIDEAS in September 2013 ThingWorx in January 2014
Atego, a developer of model-based systems and software engineering
applications based in Cheltenham, UK for approximately $50 million in cash in
July 2014 Axeda Corporation - a leader in the M2M
/ IoT space connecting things with people and other things, based in
Foxborough, MA for approximately $170 million in cash in August 2014
Support of STEM Education In 1999, PTC created a Global Academic
Program designed to support educational initiatives in science, technology,
engineering, and math skills. The program aims to partner schools and
universities with companies to assist students in developing real-world skills
needed for careers in manufacturing, technology, and other STEM jobs. The
program also has a direct recruitment program intended to place students in
jobs with PTC’s commercial customers. PTC has also been a corporate sponsor of
FIRST since 2008, providing participating students with access to
PTC software for use in the FIRST Tech Challenge, FIRST Robotics Competition,
FIRST Lego League, and FIRST World Championship.
Awards and accolades 4th Annual Postscapes Internet of Things
Awards: CEO of the Year: Jim Heppelmann
Technical Enabler: Platform and Tools: The ThingWorx Application Platform
Partner and Ecosystem Builder of the Year: PTC solutions
Acquisition of the Year: ThingWorx and Axeda.
Must-Follow IoT Company: ThingWorx, a PTC
Event of the Year: LiveWorx References
External links Official website