PTC Stock

PTC Inc., a global software company, provides a portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced.

The company's software portfolio includes award-winning offerings that enable companies to author product data (its computer-aided design (CAD) portfolio solutions) and to manage product data and orchestrate processes (its product lifecycle management (PLM) portfolio solutions). The company's software can be delivered on premises, in the cloud, or in a hybrid model.

The company's customers include some of the world's most innovative companies in the aerospace and defense, automotive, electronics and high tech, industrial machinery and equipment, life sciences, retail and consumer products industries.

The company generates revenue through the sale of subscriptions, which include term-based on-premises software licenses and related support, Software-as-a-Service (SaaS), and hosting services; perpetual licenses; support for perpetual licenses; and professional services (consulting, implementation, and training).

Strategy

The company's transition from a perpetual and maintenance model to a subscription business model continues to be key to driving growth. The company's solutions portfolio encompasses the entire product life cycle, from design to manufacture to service, enabling companies to adopt a digital thread strategy to drive innovation and productivity. The company's acquisition strategy targets companies with products that complement its and that will appeal to its existing customer base, allowing it to pursue cross-selling opportunities. The company's acquisitions of Onshape, Arena, and ServiceMax brought cloud-native solutions to its portfolio, and it continues to work towards creating and expanding SaaS offerings for its existing products. The company's strategy is to provide its customers with best-in-class solutions to drive innovation and productivity.

Principal Products and Services

PLM

The company's Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials, and configuration information. Windchill provides real-time information sharing, dynamic data visualization, and the ability to collaborate across geographically-distributed teams, enabling manufacturers to elevate their product development, manufacturing, and field service processes. With its open architecture that integrates with other enterprise systems, Windchill provides a solid foundation for a product-driven digital thread.

The company's ThingWorx platform is flexible and purpose-built for Industrial Internet of Things (IIoT). It offers a rich set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value. Primary use cases include remote asset monitoring, remote maintenance and service, predictive maintenance and asset management, and optimized equipment effectiveness. The company's ThingWorx Digital Performance Management solution enables manufacturers to identify, prioritize, and overcome their most significant production bottlenecks.

The company's ServiceMax field service management (FSM) solutions enable companies to improve asset uptime with optimized in-person and remote service, boost technician productivity with the latest mobile tools, and deliver metrics for confident decision making.

The company's Arena SaaS PLM solution enables product teams to collaborate virtually anytime and anywhere, making it easier to share the latest product and quality information with internal teams and supply chain partners and deliver innovative products to customers faster. The company's Arena quality management system software connects quality and product designs into a single system to simplify regulatory compliance.

The company's Codebeamer application lifecycle management (ALM) and model-based systems engineering capabilities enable companies to accelerate the development of software-intensive products through system modeling, software configuration, and requirements, risk, and test management.

The company's Servigistics service parts management solution enables companies to effectively manage their service parts inventory, enabling them to optimize equipment availability and uptime, and increase customer satisfaction.

The company's FlexPLM solution provides retailers with a single platform for merchandising and line planning, materials management, sampling, and more.

The company's Kepware portfolio of industrial connectivity solutions helps companies connect diverse automation devices and software applications.

CAD

The company's Creo 3D CAD technology enables the digital design, testing, and modification of product models. With the company's design simulation, additive manufacturing, and generative design innovations, it enables its customers to be first to market with differentiated products. From initial concept to design, simulation, and analysis, Creo provides designers with innovative tools to efficiently create better products, faster.

The company's Onshape SaaS product development platform unites computer-aided design with data management, collaboration tools, and real-time analytics. A cloud-native multi-tenant solution that can be instantly deployed on virtually any computer or mobile device, Onshape enables teams to work together from just about anywhere.

The company's Vuforia augmented reality (AR) technology enables the visualization of digital information in a physical context and the creation of AR and mixed reality experiences, enabling companies to drive results in manufacturing, service, engineering, and operations. Vuforia solutions equip frontline workers with focused and effective step-by-step instructions, procedural guidance, skill development and remote assistance that enable enterprises to improve workforce productivity, reduce errors, increase asset utilization, and drive higher profitability.

The company's Arbortext dynamic publishing solution streamlines how organizations create, manage, and publish technical documentation.

Markets

The company derives most of its sales from products and services sold directly by its sales force to end-user customers. Approximately 25% of its sales of products and services are through third-party resellers. The company's sales force focuses on large accounts, while its reseller channel provides a cost-effective means of covering the small- and medium-size business market.

The company's strategic alliance partners enable it to increase its market reach, offer broader solutions, and add compelling technology to its offerings. The company's strategic services partners provide service offerings to help customers implement its product offerings and transition to SaaS.

Competition

For enterprise CAD and PLM solutions, the company competes with large established companies, including Autodesk, Dassault Systèmes SA, and Siemens AG. In the company's IIoT business, it competes with large established companies, such as Amazon, IBM, Oracle, SAP, Siemens AG, and Software AG.

For the company's AR products, its primary competitors include Microsoft, TeamViewer SE, and Scope Technologies US Inc. For the company's ALM products, it competes with IBM, Jama Software, Inc., and Siemens AG. For the company's SLM products, it competes with enterprise software companies, such as Oracle, SAP, and IFS AB.

History

The company was founded in 1985. It was incorporated in Massachusetts in 1985. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in 2013.