PTC (NASDAQ:PTC) is a global software company specializing in solutions that enable product and service lifecycle management, Internet of Things (IoT) connectivity, and augmented reality (AR) experiences. Established in 1985 and originally known as Parametric Technology Corporation, PTC pioneered parametric computer-aided design (CAD) technology and has evolved its product portfolio to address the digital transformation needs of manufacturers and service organizations around the world. The company’s flagship offerings include Creo for CAD and 3D modeling, Windchill for product lifecycle management (PLM), ThingWorx for IoT application development, and Vuforia for industrial augmented reality.
PTC’s Creo platform allows engineers and designers to create, analyze, and refine complex products using advanced modeling capabilities. Windchill supports cross-functional collaboration by managing product data, processes, and compliance throughout the development lifecycle. ThingWorx delivers a rapid application design environment and connectivity tools to capture, analyze, and act on data from connected devices, while Vuforia provides AR software and toolkits to overlay digital information onto physical assets. Together, these solutions help organizations optimize product performance, streamline operations, and unlock new business models through predictive maintenance, real-time monitoring, and immersive training experiences.
With headquarters in Boston, Massachusetts, PTC serves customers in diverse industries such as automotive, aerospace, industrial equipment, electronics, and medical devices. The company maintains a global presence through regional offices and a network of partners in North America, Europe, Asia-Pacific, and Latin America. Under the leadership of President and CEO James E. Heppelmann, who co-founded the ThingWorx business unit and has guided PTC’s shift toward subscription-based and cloud-delivered software, the firm continues to expand its offerings through both organic innovation and strategic acquisitions. By combining its deep industry expertise with an open technology platform, PTC aims to empower organizations of all sizes to drive digital transformation and sustain competitive advantage in the era of connected products and services.
