PTC (software company). PTC Inc. (formerly Parametric Technology Corporation) is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC (NASDAQ: PTC) markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

Products
PTC has six core product families: Creo, Windchill, Mathcad, Integrity, Servigistics, ThingWorx, ServiceMax, Arbortext Editor. 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 the purposes of capturing and analyzing information from them.

PTC Creo

The PTC CAD product provides a set of Computer Aided Design capabilities. PTC CAD is a 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. Other products include: 
 CREO parametric - formerly Pro/ENGINEER
 CREO simulate - formerly Pro/MECHANICA
 CREO direct - formerly CoCreate OneSpace Modeling
 CREO options modeler
 CREO illustrate schematics
 CREO view
 CREO illustrate
 PTC Mathcad - Engineering calculation software that is used by engineers to solve, document and share the calculations used for product design.

PTC Windchill
Web-based database software that provides access to product information like MCAD and ECAD data files, process documents, and software engineering information. The PTC Windchill product provides a set of PLM Product Lifecycle Management capabilities and consists of the following products:
 Windchill PDMLink
 Windchill product analytics - formally Materials Compliance
 Windchill quality solutions - formally Relex and NetRegulus
 Windchill workgroup manager
 Windchill projectlink
 Windchill part classification
 PTC FlexPLM

PTC Integrity
The PTC Integrity product provides a set of Application Lifecycle Management (ALM) and Systems Engineering capabilities and consists of the following products:
 PTC Integrity Asset Library
 PTC Integrity Lifecycle Manager - formerly MKS Integrity
 PTC Integrity Modeler - formerly Atego Modeler
 PTC Integrity Process Check
 PTC Integrity Process Consumer
 PTC Integrity Process Director
 PTC Integrity Process Perspective
 PTC Integrity Requirements Connector
 PTC AgileWorx

PTC Servigistics
Service lifecycle management SLM 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 SLM productset includes: 
 Servigistics Inservice - formally Enigma
 Servigistics Arbortext - formally Arbortext without Servigistics
 Servigistics Connected Field Services
 Servigistics Predictive Service
 Servigistics Remote Services
 Servigistics Parts Pricing
 Servigistics Arbortext Editor 
 Servigistics Arbortext Isodraw
 Servigistics Arbortext Isoview
 Servigistics Service Network Management
 Servigistics Service Parts Management

ThingWorx
A platform for the rapid development of applications designed for smart, connected sensors, devices, and products – or the Internet of Things.
 Axeda - A cloud-based service and software for managing connected products and machines and implementing Machine-to-Machine (M2M) and Internet of Things (IoT) applications.

Vuforia 
Vuforia is an Augmented Reality Software Development Kit (SDK) for mobile devices that enables the creation of augmented reality applications.

Kepware

History
1985 - Company founded by Samuel Geisberg, and Mike Payne 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 (PLM). 
1999 - PTC announces it has 25,000 customers. Major industries include aerospace, retail/footwear/apparel, automotive, industrial equipment, consumer products, electronics, and high tech. 
1999 - Acquired Division Group (Division Ltd, Bristol Uk, Division Inc) 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 (model-based systems engineering) tool used in aerospace, transportation, and automotive industries (such as Alstom Transport and Rolls-Royce Defence)

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 (Division Ltd, Division Inc) dVisor Virtual Reality HMD 
 Polyplan, Technologies acquired 2005 for Manufacturing Process Management
 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 (company), 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
Coldlight in 2015
Vuforia in 2015
Kepware in 2015 for approximately $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial results.
Onshape in October 2019.
intland (Product CodeBeamer) in May 2022.

Support of STEM Education
In 1999, PTC created a Global Academic Program designed to support educational initiatives in science, technology, engineering, and math (STEM) 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 (For Inspiration and Recognition of Science and Technology) 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 (IoT) Awards:

References

External links

American companies established in 1985
Software companies established in 1985
1985 establishments in Massachusetts
1980s initial public offerings
Software companies based in Massachusetts
Software companies of the United States
Companies based in Boston
Companies listed on the Nasdaq