Revenues climb. PTC had a good fourth quarter and a not-bad year considering. PTC’s revenues are up year over year, quarter over quarter and the company says the pipeline into 2021 is looking pretty good. All this while the world struggles with a virus that just won’t go away. PTC’s revenue was $391 million in Q4, a 17% increase over Q4 2019 when it was $335 million. The … [Read more...] about PTC reports end-of-year results
Jim Heppelmann
PTC and Rockwell Automation expand their strategic alliance
The two companies celebrate 250 new joint customers as a result of the deal. PTC and Rockwell Automation signed a strategic alliance in 2018 to jointly sell their products for PLM, SaaS, factory automation, IoT, virtual machinery simulation, and testing software. At that time, the deal was sealed with a $1 billion equity investment in PTC shares and a seat on the board for … [Read more...] about PTC and Rockwell Automation expand their strategic alliance
PTC’s new employment arrangement with CEO Jim Heppelmann
Apart from this year’s extreme challenges, PTC achieved an important milestone this year. Jim Heppelmann completed 10 years as PTC’s President and CEO. Under his leadership, the company has been through the most transformative years in its history. Now PTC has announced a new employment arrangement with its CEO Jim Heppelmann. The new arrangement includes a three-year executive … [Read more...] about PTC’s new employment arrangement with CEO Jim Heppelmann
PTC acquires Onshape, ends quarter on a high note
Two companies with long histories come together for a new future. It’s been a busy fall in the design and engineering industry, but PTC and Onshape still managed to shake up the industry. PTC announced plans to acquire Onshape for $470 in cash. PTC used its financial call to talk about the acquisition. In his opening remarks, Heppelmann said the deal is part of a “near era … [Read more...] about PTC acquires Onshape, ends quarter on a high note
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 told press and analysts he reckoned the show drew … [Read more...] about Future forward: PTC declares leadership in IoT
PTC declares itself ready for Industry 4.0 at Liveworx
PTC's LiveWorx user conference showcases tools for creating smart connected everything. "We are citizens of the new world,” declared Jim Heppelmann as he opened PTC’s second annual LifeWorx user conference. LiveWorx is PTC’s user conference for all its users and all its products, but the message coming from the keynote stage was primarily about the company’s new direction … [Read more...] about PTC declares itself ready for Industry 4.0 at Liveworx
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 tool … [Read more...] about PTC unveils Vuforia in ThingWorx product line