PTC Overview
Company Headquarters: Boston, Massachusetts, US
Founded: 1985
Workforce: ~ 6110
Company Overview: PTC offers software solutions and services globally, enabling its customers to transform digitally by helping them design, manufacture, operate, and service better products. The company has two operating and reportable segments—Software Products and Professional Services. The company’s IoT products and solutions enable enterprises to increase productivity, improve factory and plant efficiency, reduce operational risk, and achieve better system interoperability. It offers industrial AR solutions which are designed to increase efficiency and technical proficiency of skilled workers in manufacturing and service settings. The company also offers computer-aided design (CAD) and product lifecycle management (PLM) solutions. The company has over 1,150 technology and service partners with over 300,000 developers in its global ecosystem. The company offers solutions for a wide range of industry verticals including aerospace & defense, automotive, electronics, life sciences, manufacturing, oil & gas, and retail & consumer. Its strategic partners include Rockwell Automation, Microsoft Corporation, and ANSYS among others.
PTC is a publicly owned company with offices in over 30 countries across the globe. The company’s expertise lies in product development solutions, product lifecycle management, quality management, regulatory compliance, computer-aided design, Internet of Things, application lifecycle management, service lifecycle management, supply chain management, and augmented reality.
Strategy
The company focusses on building strategic partnerships with technology innovators to enhance the capabilities of its core solutions and expand its addressable markets by leveraging its partner sales distribution channels. The company is focussed on developing its augmented reality solutions to meet the needs of the ever-growing industrial IoT market. Further, the company invests heavily in R&D for developing solutions to meet the changing market needs and maintain its market position.
