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Tag: PTC

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 →
In search of the Digital Twin

In search of the Digital Twin

PTC makes the case for merging PLM and the Internet of Things at LiveWorx 2015 Stuttgart. By Tom Lansford Why does a CAD & PLM company invest in the Internet of Things, Big Data Analytics, and Augmented Reality? It could be due to a vision of a new “digital twin” where the digital and the real […]

By November 30, 2015 Read More →
PTC closes fiscal year with lower revenues, net income

PTC closes fiscal year with lower revenues, net income

Total revenue was within previous guidance; the transition to subscription revenue and new revenue streams will take time. CAD and PLM are losing steam.   PTC (PTC: NASDAQ) has reported fourth quarter and full year results for fiscal 2015 that were flat to lower than the year-ago comparison in almost all categories. PTC says the […]