PTC

PTC Inc. provides software solutions and services that enable industrial and manufacturing companies to develop, operate, and service products in the physical world. Headquartered in Boston, Massachusetts, the company operates through two primary segments: Software Products and Professional Services. PTC's flagship offerings include the Windchill product lifecycle management (PLM) platform, Creo computer-aided design (CAD) software, ThingWorx Industrial IoT platform, Vuforia augmented reality (AR) solutions, and Arena cloud-based PLM software. The company serves more than 30,000 customers across industries including aerospace, automotive, electronics, industrial machinery, and life sciences. PTC employs approximately 7,000 people globally and generates annual revenue exceeding $2 billion. The company has pursued a strategic transformation from perpetual software licenses to a subscription-based software-as-a-service (SaaS) model, significantly increasing its annual recurring revenue base. Recent developments include the 2020 acquisition of Arena Solutions to expand its cloud PLM capabilities and the 2022 acquisition of ServiceMax, a leading field service management provider, for approximately $1.46 billion. This acquisition strengthens PTC's position in the service lifecycle management market. PTC continues to invest in digital transformation technologies, positioning itself as a comprehensive provider of digital thread solutions that connect product design, manufacturing, and service operations.