Overview of PTC
PTC Inc. was founded in 1985. The company develops and delivers technology solutions that include various software products and allied services. PTC offers computer-aided design (CAD) modelling, product lifecycle management (PLM) and service lifecycle management (SLM) products and solutions for manufacturers. PTC is also at the forefront in offering a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications. PTC was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. The company is based out of Needham, Massachusetts, USA, and is listed on Nasdaq.
Expertise / Areas of Operation
PTC’s offerings are in the products, industry solutions and services domain.
PTC CAD Products
Formerly known as Pro/ENGINEER, Creo is the flagship 3D CAD software from PTC. PTC Creo is a feature-based, integrated suite of product design CAD software. The Creo platform supports real-time simulation, IoT-connected design, augmented reality-driven experiences and additive manufacturing. Creo gives engineers a free hand in allowing them to develop products the way they want, not the way their CAD tool requires. PTC Creo provides solid modelling, assembly modelling, 2D orthographic views, finite element analysis, direct and parametric modelling, sub-divisional and NURBS surfacing, and NC and tooling functionality for mechanical designers. The PTC Creo suite of CAD products is associative solid modelling software, with each product sharing the same user interface. Creo products are hence interoperable; meaning data from one Creo product to another can be transferred seamlessly. PTC Creo is the preferred choice of CAD companies from U.S.A, Europe, India and other countries, especially the manufacturing sector.
The current suite of PTC Creo products include Creo Augmented Reality, Creo Elements / direct Drafting, Creo Illustrate, Creo Direct, Creo Elemets / Direct Modelling, Creo Options Modeller, Creo Layout, Creo Parametric, Creo Schematics, Creo Simulate, Creo View and Creo Sketch.
Augmented Reality (AR) Products: Vuforia Studio, Vuforia Engine and Vuforia Chalk
PTC acquired Vuforia from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated in 2015. The Vuforia platform is the industry’s most advanced and widely adopted augmented reality (AR) technology platform. The acquisition enhances PTC’s technology portfolio and accelerates PTC’s strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.
PTC's Vuforia Studio enables industries to quickly build scalable AR experiences. Vuforia Studio is a cost-effective authoring tool for industrial AR that does not need in-depth programming.
Vuforia Engine from PTC provides flexible, cross-platform AR Development software that enables branded AR experiences for both new and existing apps. These apps can be deployed in leading app stores.
Vuforia Chalk from PTC is a powerful remote assistance and collaboration app—helping experts and technicians solve problems more effectively.
Industrial IoT Products: ThingWorx
ThingWorx is PTC's flagship offering in the growing field of industrial IoT. ThingWorx offers end-to-end IIoT platform that allows enterprises to connect, build, manage, analyze, experience and accelerate deployment. ThingWorx provides robust industrial IoT platform to develop feature-rich IoT applications. ThingWorx connects systems and makes big data work for enterprises, improving product quality while increasing productivity and efficiency.
Built on ThingWorx - PTC’s industry-leading IoT platform - ThingWorx Manufacturing Apps are a set of role-based pre-built IIoT apps that can be installed and configured in a hassle free manner without impacting production. Typically needing less than an hour to install, ThingWorx manufacturing apps are 100% web-enabled and accessible via any browser. ThingWorx Manufacturing Apps accelerate digital transformation by enabling engineers to view, understand, and act on industrial data in real time.
PTC acquired Kepware in early 2016. Kepware is a software development company that provides communications connectivity to industrial automation environments. Kepware enhances PTC's portfolio of IoT and accelerates its foray into industrial IoT. Kepware allows machine data to be aggregated into PTC ThingWorx platform. ThingWorx's machine learning capabilities then automatically analyzes this data for gainful insights. PTC Kepware improves an enterprise's operational performance, quality, and time to market.
PTC PLM Products
PTC's PLM products are designed to address challenges that companies, particularly manufacturing companies, face over the life of their products. Windchill is a suite of PLM software from PTC that offers lifecycle intelligence-from design to service. Blending core PLM with IoT and augmented reality (AR), PTC Windchill is a comprehensive product lifecycle management software that helps the companies of all sizes in the seamless management of their product development. Simply put, PTC Windchill is an end-to-end software for managing all data, content, documentation and processes.
PTC Industry Solutions
PTC has been an industry leader for more than 30 years in the field of CAD and PLM products. It has been a pioneer in ushering innovative industrial solutions in new and evolving fields like augmented reality (Vuforia), IIoT (ThingWorx); both an essential component of Industry 4.0.
PTC products like Creo for CAD, Vuforia for AR, ThingWorx for IIoT and Windchill for PLM, also provide solutions for various industries like aerospace and defence, automotive, electronics, Hi-Tech companies, life sciences, manufacturing, oil & gas and retail & consumer products.
PTC's industry solutions unite siloed teams and give them unified control over end-to-end product and process data, so that industries can get back to what they do best: rapidly adapting existing models to deliver customer-centric experiences of the utmost quality.
Implementing the tenets of AR, VR, IIoT and Industry 4.0 is not an easy job. PTC offers consulting, implementation, training and cloud services through its Global Professional Services Organization to facilitate the transition to a competitive industry using cutting edge technology. PTC Global Services has enlisted more than fourteen hundred professionals to help the world’s leading manufacturing companies gain product and service advantage through solution strategy and design, process transformation, technology configuration, and organizational training and adoption. PTC's in-house experts and premium services partners work diligently to ensure the best possible results for their customers.
PTC has built strategic relationship with leading technology companies, as well as several other complementary partners and resellers to boost their growth. Creo, Thingworx and Vuforia are well established products that are being used by reputed companies around the world to accelerate their digital transformation. PTC is accepted as one of the leaders in the IIoT / Industry 4.0 sector, and has presence in all the major cities / regions of the world. In India, PTC has presence in Pune, Mumbai, Bengaluru, Gurgaon and Chennai.
PTC's partner network provides leading technology, tools and resources that help partners achieve success. It nurtures partners for the benefit of joint, global customer base. The PTC partner network also showcases innovative technologies and solutions to engage customers through marketing, sales and the PTC Marketplace.