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Tag: PTC

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 […]

PTC to Acquire Qualcomm’s Vuforia Augmented Reality technology

PTC to Acquire Qualcomm’s Vuforia Augmented Reality technology

Qualcomm announces the sale of its AR subsidiary Vuforia to PTC. Most see this as a move to raise value and placate restive investors who are seeking the breakup of Qualcomm. The acquisition will help PTC build its IoT division.

Giant burrowing snake machines create London Crossrail tunnel

Giant burrowing snake machines create London Crossrail tunnel

Designed in PTC Creo, eight 1,000-ton units are cutting through 26 miles of widely varying conditions. For years the Crossrail project has been burrowing tunnels for a new rail line directly under London. More than 26 miles in total have been carved out by gargantuan tunnel boring machines (TBMs), purpose built for Crossrail by German […]

PTC Q3 results in a word: Ouch!

PTC Q3 results in a word: Ouch!

Monstrous gains for Internet of Things doesn’t compensate for lackluster quarter in core businesses.   By Randall S. Newton PTC (NASDAQ: PTC) delivered news they would rather have swept under the rug with their third quarter 2015 financial report. It was a down quarter for total revenue, net income, software revenue, earnings per share, and […]

Airbus to acquire 30,000 Aras PLM seats

Airbus to acquire 30,000 Aras PLM seats

Old PLM systems never die at Airbus; Aras Innovator will connect the past to the future. PLM vendor Aras today announced a strategic partner agreement with Airbus to use the Aras Innovator PLM platform for engineering business processes for up to 30,000 users or more. A key use of Aras Innovator will be in the […]