PTC (software company)
||A major contributor to this article appears to have a close connection with its subject. (November 2011)|
|Traded as||NASDAQ: PMTC|
|Industry||CAD/CAM/CAE/ PLM Software|
|Headquarters||Needham, Massachusetts, USA|
|Key people||James E. Heppelmann, CEO
C. Richard Harrison, Executive Chairman
Brian Shepherd, Executive President (Product Management)
|Products||PTC Creo, PTC Windchill, PTC Mathcad, PTC Integrity, PTC Arbortext|
|Revenue||$1.3 billion USD (2013)|
PTC, Inc. (formerly Parametric Technology Corporation) is a U.S.-based computer software company specializing in 2D & 3D design software, product lifecycle management (PLM), and service management solutions. Its core product lines are PTC Creo (CAD), PTC Windchill (PLM), PTC Mathcad (Engineering Calculation), PTC Integrity (ALM), and PTC Arbortext (Technical Documentation).
Initially, PTC was a company formed around achieving hardware independence for Pro/ENGINEER. Eventually, focus shifted to interoperability and open standards between all PTC products. PTC uses an Internet-based product data management and collaboration architecture for Windchill. Currently, PTC's core product families are offered as one integrated suite, dubbed The Product Development System.
PTC was founded in 1985, by Samuel Peisakhovich Geisberg, who previously worked at Prime Computer, Computervision (CV) and Applicon. Pro/ENGINEER (a.k.a. Pro/E), the company's first product, shipped in 1988. John Deere became PTC's first customer.
Once an initial version of Pro/ENGINEER was developed, the company received venture capital funding from Charles River Associates and Steve Walske became the CEO. Pro/ENGINEER was the first commercially successful parametric feature based solid modeler. This new technology, along with an aggressive sales strategy, rapidly positioned PTC as a leader in the CAD industry. This ascent continued until the mid-1990s, when the introduction of Microsoft Windows NT, and the availability of commercial geometric modeling libraries opened the door to a new generation of low-cost competitors. At the same time, PTC's reputation for overly aggressive sales tactics alienated many of its customers. These competitors, symbolized by Solidworks, gained more market share from lower paying customers, while more established companies like Unigraphics and IBM held the 'high ground' in automotive and aerospace industries. PTC's sales began a multi-year decline as a result. The introduction of a new CAD product (Pro/ENGINEER Wildfire) and an expanded product line reversed the trend, and PTC is now the third largest provider of Product Lifecycle Management software.
On December 29, 2006 Standard & Poor's bumped PTC off its S&P 500 Index, and replaced it instead with the newly spun off natural gas company Spectra Energy Corp. (NYSE: SE). Parametric then bumped Pier 1 Imports Inc. (NYSE: PIR), a retailer of home furnishings, down one spot and off the bottom of the S&P MidCap 400 Index. In 2008, PTC once again achieved revenues of over $1 billion, something it had not been able to accomplish since 1999.
Companies acquired by PTC
- 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.
- Computervision, developers of CADDS, MEDUSA and the MPDS Plant Design System in 1998 
- Polyplan, Technologies acquired 2005 for Manufacturing Process Management
- Arbortext, developers of Arbortext, in 2005 for $190 million 
- 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
The unaudited consolidated financial statements about the company for the three and nine months ended June 29, 2002 reflected restatements to the financial statements from previously filed Form 10-Q for the quarter ended June 29, 2002. 
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- Eda & Plm?
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- [dead link]
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- "PTC Advances Green Product Design And Environmental Regulatory Compliance Solution With Acquisition Of Synapsis Technology". PTC.com. 2009-06-08. Retrieved 2009-06-08.
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