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Tag: PTC

Too much of a good thing ends PTC year on a loss

Too much of a good thing ends PTC year on a loss

Customers switching to subscriptions at a faster rate than predicted means lots of revenue that can’t be booked in the current quarter.   A stronger than expected move among customers to subscription accounts was good news for PTC in the long run, but the surge meant the company ended its fiscal year with a net […]

By November 1, 2016 Read More →
Is Mentor Graphics seeking a buyer?

Is Mentor Graphics seeking a buyer?

With design software for both EDA and mechanical, the Oregon company would be a good fit for several CAD firms. Reuters is reporting Mentor Graphics (NASDAQ: MENT) has retained the services of Bank of America to explore “strategic alternatives” which could include a potential sale. The Wilsonville, Oregon company develops design software primarily for electronic […]

By October 18, 2016 Read More →
PTC declares itself ready for Industry 4.0 at Liveworx

PTC declares itself ready for Industry 4.0 at Liveworx

PTC’s LiveWorx user conference showcases tools for creating smart connected everything.

By June 27, 2016 Read More →
What’s in a logo?

What’s in a logo?

The PTC pivot into an Internet of Things business is part of a larger redefinition of manufacturing. Today at the PTC LiveWorx 2016 conference, CEO James Heppelmann ended his presentation by introducing a new logo to represent the company. As shown here, the new logo combines the company name (they stopped being “Parametrics Technology Corporation” […]

By June 7, 2016 Read More →
PTC second quarter results don’t fit the old Wall Street metrics

PTC second quarter results don’t fit the old Wall Street metrics

Software subscriptions are rising briskly, but that means a short-term hit in revenue. PTC CEO James Heppelmann told Wall Street what he thought was great news; new booking of software subscriptions in the second quarter of 2016 were above the high-end of previously issued guidance. This is great for the long-term future of PTC, but […]

By April 21, 2016 Read More →
PTC to pay settlement in China investigation

PTC to pay settlement in China investigation

$28.2 million fine imposed for improper spending on clients. PTC has reached a settlement agreement with the U.S. Securities and Exchange Commission regarding an investigation of paid travel for customers in China. The U.S. Department of Justice and the SEC says the $28.2 million fine resolves possible bribery charges under the U.S. Foreign Corrupt Practices […]

By February 16, 2016 Read More →
PTC unveils Vuforia in ThingWorx product line

PTC unveils Vuforia in ThingWorx product line

PTC acquired Vuforia from Qualcomm in October 2015 for $65 million. The company has wasted little time incorporating the AR technology into its ThingWorx IoT product line. PTC introduced its product group, Vuforia, to the world with a slick web cast called The Thing Event. The show featured Vuforia’s augmented reality (AR) technology being used as a visualization […]

By February 2, 2016 Read More →
Another “if only” quarter for PTC

Another “if only” quarter for PTC

In the first quarter of fiscal 2016 PTC is posting a net loss due to restructuring costs. The silver lining is the rise in subscriptions. By Randall S. Newton When a software company is in transition from selling perpetual licenses to selling subscriptions, there is a period when revenue lags; license sales decline and subscription […]

By January 21, 2016 Read More →
PTC to acquire Kepware for industrial automation data

PTC to acquire Kepware for industrial automation data

Building another node in an expanding Internet of Things platform. PTC has announced a definitive agreement to acquire Kepware, a software development company that provides communications connectivity for industrial automation. PTC will pay approximately $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial results. PTC says […]

By January 5, 2016 Read More →
PTC’s latest version of Windchill 11 knits IoT, ALM, and more  into PLM

PTC’s latest version of Windchill 11 knits IoT, ALM, and more into PLM

Major Windchill 11 release integrates PTC’s technologies into a PLM for a broader range of customers.

By December 6, 2015 Read More →