PTC Inc.

PTC was founded by Samuel Geisberg, and Mike Payne formerly from Prime Computer, Computervision, and Applicon, in 1985.In 1988, Steve Walske named CEO.That same year, the company shipped Pro/ENGINEER and was considered first to market with parametric modeling design software. In 1989, PTC had its initial public offering at the Nasdaq exchange. In 1998, PTC shipped Product Lifecycle Management (PLM) Windchill. 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. The program also has a direct recruitment program intended to place students in jobs with PTC's commercial customers. 2002 - The company releases Pro/ENGINEER Wildfire. This is the first CAD system to support web-based services. Acquired Aptavis for retail, footwear and apparel technology. 2006 - Acquired Mathsoft for its engineering calculation software. Acquired ITEDO for its 3D technical illustration software. 2007 - Acquired CoCreate for its direct modeling technology. 2008 - Acquired Synapsis for its performance analytics technology to improve environmental performance of products. 2009 - Acquired Relex Software for its reliability engineering software. 2010 - James E. Heppelmann announced as CEO effective October 1, 2010. Company renames Pro/ENGINEER to PTC Creo and promises the market product design software that is scalable, open, and easy to use. 2011 - Acquired 4CS for its warranty, service, support and service parts technology. Acquired MKS for its application lifecycle management technology for all software development processes. 2012 - Acquired Servigistics for its suite of service lifecycle management software. 2013 - Acquired NetIDEAS hosting vendor for more technology deployment options. Acquired Enigma for its ability to deliver technical content to aftermarket service environments. Acquired Internet of Things platform developer ThingWorx for its software applications that connect and track network-enabled products. 2014 - Acquired Axeda Corporation 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) 2016 - Paid $28 million to resolve probes by the U.S. Department of Justice and the Securities and Exchange Commission, alleging PTC subsidiaries paid over $1.5 million in bribes to Chinese government officials between 2006 and 2011. ==Companies acquired by PTC==

• Prime Computer in 1992. Also acquired Reflex, project modeling and management software technology company, which was sold the following year to the Beck Group. • CDRS and 3DPaint from Evans & Sutherland on April 12, 1995, for $33,507,000. • Rasna Corp., developers of MECHANICA design optimization and simulation software, in May 1995 for $180 million. • PTC acquires Reflex project modeling and management software technology in July 1996, for $30m. • 1999 - Division Group (Division Ltd, Division Inc) dVisor Virtual Reality HMD • Polyplan, Technologies acquired 2005 for Manufacturing Process Management • Arbortext in 2005, for $190 million • 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. • Aptavis Technology Corp, Windchill-based technology and expertise for retail, footwear and apparel, in June 2005 • Mathsoft, developers of Mathcad, in April 2006 for $63 million. • 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. • NC Graphics in May 2007 for an undisclosed sum. • NetRegulus, Inc, an Enterprise Study and Quality management software for Medical Devices, in November 2007 • CoCreate in December 2007 for $250 million. • Synapsis Technology in December 2008 for an undisclosed sum. • Relex Software in June 2009 for $25 Million. • Planet Metrics in January 2010 for an undisclosed sum. • MKS Software makers of MKS Integrity - May, 2011 • 4CS Software Solutions Inc, a developer of warranty management and service lifecycle management software for an undisclosed sum • Servigistics in August 2012 • Enigma in July 2013 • NetIDEAS in September 2013 • ThingWorx in January 2014 • 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 • 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 • Onshape in October 2019. • intland (Product CodeBeamer) in May 2022. • IncQuery Group in April 2025. ==Products==

PTC has eight core product families: Creo, Windchill, Mathcad, Integrity, Servigistics, ThingWorx, ServiceMax, Arbortext Editor. 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 the purposes of capturing and analyzing information from them. PTC Creo 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. PTC Windchill Web-based database software that provides access to product information like MCAD and ECAD data files, process documents, and software engineering information. The PTC Windchill product provides a set of PLM Product Lifecycle Management capabilities and consists of multiple products. PTC Integrity PTC Integrity provides a set of Application Lifecycle Management (ALM) and Systems Engineering capabilities. PTC Servigistics 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. ThingWorx A platform for the rapid development of applications designed for smart, connected sensors, devices, and products – or the Internet of Things. Vuforia Vuforia is an Augmented Reality Software Development Kit (SDK) for mobile devices that enables the creation of augmented reality applications. ==Support of STEM Education==

4th Annual Postscapes Internet of Things (IoT) Awards: ==References==