type public traded as nasdaq ptc industry cad cam cae plm software alm slm iot founded may 1985 ; 31 years ago 1985 05 headquarters needham massachusetts united states key people donald k. grierson chairman james e. heppelmann president & ceo products ptc creo ptc windchill ptc mathcad ptc integrity ptc servigistics ptc arbortext thingworx revenue 1.3 billion usd 2015 1 operating income 41.6 million usd 2015 1 net income 48 million usd 2015 1 number of employees 5 982 2015 1 website www.ptc.com ptc formerly parametric technology corporation is a global computer software and services company founded in the 1985 and headquartered outside of boston massachusetts . the company was a pioneer in parametric associative feature based solid cad modeling software in 1988 and first to market with an internet based solution for product lifecycle management plm in 1998 . today ptc nasdaq ptc delivers a portfolio of solutions for manufacturers to create manufacture and service products and an internet of things iot and augmented reality ar platform for an ecosystem of partners and developers . contents 1 products 1.1 ptc creo 1.2 ptc windchill 1.3 ptc integrity 1.4 ptc servigistics 1.5 thingworx 1.6 vuforia 1.7 kepware 2 history 3 companies acquired by ptc 4 support of stem education 5 awards and accolades 6 references 7 external links products edit ptc has six core product families creo windchill mathcad integrity servigistics thingworx . 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 purposes of capturing and analyzing information from them . 2 ptc creo edit main articles ptc creo ptc creo elements pro creo elements direct and ptc creo elements view 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 . 3 other products include creo parametric formerly pro enginner creo simulate creo direct creo options modeler creo illustrate schematics cre view creo illustrate ptc mathcad engineering calculation software that is used by engineers to solve document and share the calculations used for product design . 4 ptc windchill edit web based database software that provides access to product information like mcad and ecad data files process documents and software engineering information . 5 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 edit the ptc integrity product provides a set of application lifecycle management alm and systems engineering capabilities and consists of the following products 6 ptc integrity asset library ptc integrity lifecycle manager formally mks ptc integrity modeler formally atego ptc integrity process check ptc integrity process consumer ptc integrity process director ptc integrity process perspective ptc integrity requirements connector ptc agileworx ptc servigistics edit 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 . 7 ptc slm productset includes servigistics inservice formally enigma servigistics arbortext formally arbortext 8 without servigistics servigistics connected field services servigistics predictive serice servigistics remote services servigistics parts pricing servigistics arbortext editor servigistics arbortext isodraw servigistics arbortext isoview servigistics service network management servigistics service parts management thingworx edit a platform for the rapid development of applications designed for smart connected sensors devices and products or the internet of things . 9 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 . 10 11 vuforia edit vuforia is an augmented reality software development kit sdk for mobile devices that enables the creation of augmented reality applications . kepware edit history edit 1985 company founded by samuel geisberg and mike payne formerly from prime computer computervision and applicon . 12 1988 steve walske named ceo . 13 company shipped pro engineer and was considered first to market with parametric modeling design software . 14 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 . 15 1989 initial public offering . nasdaq pmtc 16 1992 caterpillar inc. becomes ptc s largest customer . 15 1996 ptc acquires reflex project modeling and management software technology 17 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 . 15 1999 ptc announces it has 25 000 customers . major industries include aerospace retail footwear apparel automotive industrial equipment consumer products electronics and high tech . 18 1999 acquired division group division ltd bristol uk division inc virtual reality dvision head mounted display & software 19 20 21 22 2002 the company releases pro engineer wildfire . 23 this is the first cad system to support web based services . 15 2005 acquired arbortext for technical publishing technology . 24 acquired aptavis for retail footwear and apparel technology . 25 2006 acquired mathsoft for its engineering calculation software . 26 acquired itedo for its 3d technical illustration software . 27 2007 acquired cocreate for its direct modeling technology . 28 2008 acquired synapsis for its performance analytics technology to improve environmental performance of products . 29 2009 acquired relex software for its reliability engineering software . 30 2010 james e. heppelmann announced as ceo effective october 1 2010 . 31 company renames pro engineer to ptc creo and promises the market product design software that is scalable open and easy to use . 32 2011 acquired 4cs for its warranty service support and service parts technology . 33 acquired mks for its application lifecycle management technology for all software development processes . 34 2012 acquired servigistics for its suite of service lifecycle management software . 35 2013 acquired netideas hosting vendor for more technology deployment options . 36 acquired enigma for its ability to deliver technical content to aftermarket service environments . 37 acquired internet of things platform developer thingworx for their software applications that connect and track network enabled products . 38 2013 acquired thingworx the exton pennsylvania based creators of an award winning platform for building and running applications for the internet of things iot . 2014 acquired axeda corporation 39 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 40 2015 acquired the vuforia business from qualcomm connected experiences inc. a subsidiary of qualcomm incorporated . the vuforia platform is the industry s most advanced and widely adopted augmented reality ar technology platform . 2015 acquired kepware a software development company that provides communications connectivity to industrial automation environments . companies acquired by ptc edit prime computer in 1992 . cdrs and 3dpaint from evans & sutherland on april 12 1995 for 33 507 000 . 41 rasna corp. developers of mechanica design optimization and simulation software in may 1995 for 180 million . 42 ptc acquires reflex project modeling and management software technology in july 1996 for 30m . 17 computervision developers of cadds medusa and the mpds plant design system in 1998 43 division group division ltd division inc dvisor virtual reality hmd 19 20 21 22 polyplan technologies acquired 2005 for manufacturing process management arbortext in 2005 for 190 million 44 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 . 45 aptavis technology corp windchill based technology and expertise for retail footwear and apparel in june 2005 46 mathsoft developers of mathcad in april 2006 for 63 million . 47 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 . 48 nc graphics in may 2007 for an undisclosed sum . 49 netregulus inc an enterprise study and quality management software for medical devices in november 2007 50 cocreate in december 2007 for 250 million . 51 synapsis technology in december 2008 for an undisclosed sum . 52 relex software in june 2009 for 25 million . 53 planet metrics in january 2010 for an undisclosed sum . 54 mks software makers of mks integrity may 2011 55 4cs software solutions inc a developer of warranty management and service lifecycle management software for an undisclosed sum 56 servigistics in august 2012 enigma in july 2013 netideas in september 2013 thingworx in january 2014 57 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 58 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 . support of stem education edit 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 . 59 the program also has a direct recruitment program intended to place students in jobs with ptc s commercial customers . 59 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 . 60 awards and accolades edit 4th annual postscapes internet of things iot awards 61 62 63 references edit a b c d 2015 annual report inc. pdf . bloomberg ptc inc. ptc creo . http www.ptc.com product creo . external link in website help ; missing or empty url help ptc mathcad . http www.ptc.com product mathcad . external link in website help ; missing or empty url help ptc windchill . http www.ptc.com product windchill . external link in website help ; missing or empty url help ptc integrity . http www.ptc.com application lifecycle management integrity . external link in website help ; missing or empty url help ptc servigistics . http www.ptc.com product servigistics . external link in website help ; missing or empty url help ptc arbortext . http www.ptc.com product arbortext . external link in website help ; missing or empty url help thingworx . http www.ptc.com product thingworx . external link in website help ; missing or empty url help ptc acquires axeda about axeda parametric technology corp. . industryweek . retrieved 21 january 2014 . forbes profile steve walske . forbes . retrieved 21 january 2014 . cad software history of cad cam . cadazz . retrieved 21 january 2014 . a b c d weisberg david e. 2008 . the engineering design revolution the people companies and computer systems that changed forever the practice of engineering pdf . parametric technology corporation pmtc . investor village . retrieved 21 january 2014 . a b parametric technology corporation acquires object oriented software technology for project modeling and management ptc news release dated