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Tag: PTC

Future forward: PTC declares leadership in IoT

Future forward: PTC declares leadership in IoT

PTC’s LiveWorx conference pulls out all the stops as the company builds an infrastructure of companies, people, and things. PTC has put its chips on IoT and the depth of its commitment was evident at the company’s user conference, LiveWorx held in Boston. The show has grown. In a question and answer session, Jim Heppelmann […]

By May 29, 2017 Read More →
PTC and ANSYS deliver Industrial Internet of Things simulation connections

PTC and ANSYS deliver Industrial Internet of Things simulation connections

The digital twin can now be used for predictive maintenance. PTC and Ansys are working together to deliver connection technology to pair up Ansys simulation expertise with applications built on the PTC ThingWorx Industrial Internet of Things (IIoT) platform. The goal is to give manufacturers a way to integrate intelligence simulation into Internet-connected products.  The […]

By May 19, 2017 Read More →
PTC holding the course and sticking to its story

PTC holding the course and sticking to its story

Revenue for the second quarter of 2017 grew 3% year-over-year. By Kathleen Maher PTC says it is happy with the way its current strategy is going. The company is transitioning its customer base to subscription, which will smooth out the company’s revenues and it is building new business in IoT. The company hopes to see […]

By May 6, 2017 Read More →
Datakit updates add Creo Parametric 4.0 support

Datakit updates add Creo Parametric 4.0 support

Other improvements include better handling of PMI and other metadata. Updates in the latest version of multi-CAD translator Datakit include support for PTC Creo 4.0 and a variety of technical improvements to improve the accuracy of metadata translation. Datakit software can now read files from Pro/Engineer 2000i to Creo 4.0, converting to many 2D and […]

By May 5, 2017 Read More →
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 →