Alliances pay off; growth segment stalls are offset by Arena sales. There were no real surprises in PTC’s third-quarter announcement and no balls were knocked out of no parks but the company demonstrates the value of fast reflexes and strategic moves as well as the established position of its Core products in the market. PTC president and CEO James Heppelmann said, "our … [Read more...] about PTC’s third quarter beats expectations
OnShape
PTC acquires Migenius for the growing Onshape family
RealityServer is added to PTC’s Atlas platform. Migenius, founded in 2010 by Paul Arden, was a pioneer company and one of the first to take advantage of the Mental Images’s cloud-based rendering technology RealityServer, which is based on iRay. Migenius took over packaging and sales for RealityServer in 2011 and started selling rendering by the hour. It also had a division … [Read more...] about PTC acquires Migenius for the growing Onshape family
PTC gets SaaS PLM with the acquisition of Arena
Arena to become the PLM complement to PTC's Onshape as the core of SaaS family of products. PTC announced plans to acquire SaaS PLM company, Arena Solutions of Foster City, for $715 million in cash. The deal is expected to close in PTC’s fiscal Q2 2021. In the announcement, PTC CEO Jim Heppelmann said Arena would become part of PTC’s effort to be “the industrial SaaS leader,” … [Read more...] about PTC gets SaaS PLM with the acquisition of Arena
PTC’s strategy holds up for Q3 2020
Revenues come in higher than guidance, surprising some analysts. There is no doubt some industry people sighed in relief when PTC's third-quarter financial results came in above guidance. In design and engineering, people are looking at this quarter as an indicator of what the year might look like. PTC's results look good for the company and even better considering this year’s … [Read more...] about PTC’s strategy holds up for Q3 2020
PTC’s new normal will embrace remote workflows
Alliance with Rockwell Automation and Microsoft gives PTC a boost in factory automation. The face of the new normal is coming in more clearly. PTC has wrapped up its first all-virtual LiveWorx conference, and we’ve gotten a look into quite a few East Coast homes. We also got updates on PTC’s plans for the future. You won’t be surprised to hear that the cloud is a big part of … [Read more...] about PTC’s new normal will embrace remote workflows
PTC says look for growth in 2020
The company is building new business and has announced a parallel track for the latest acquisition Onshape. PTC issued an optimistic release for the fiscal first quarter 2020. The company came through a rough 2019 with problems in its channel and problems converting customers to the subscription at the expected rate. The company said it knew about the problem and that they’ve … [Read more...] about PTC says look for growth in 2020
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
Onshape grows in numbers and in reach
Onshape's new add-ons and tools run on its cloud-based architecture without slowing down the user. Onshape has announced the addition of two new add-ons for its cloud-based CAD design tool: SIMSolid Cloud and VisualCAMc by MecSoft. They were launched at the Pacific Design and Manufacturing Show, which was going on at the same time as Solidworks World. SIMSolid Cloud is … [Read more...] about Onshape grows in numbers and in reach
ODA Teigha to introduce version history to .dwg
The Open Design Alliance returns to Prague for a third straight year to introduce new technology to its member companies. The Open Design Alliance (ODA) announced today it will return to Prague for the Teigha Developer Conference 2017, September 11-12. New versioning technology is scheduled to be unveiled to ODA members. “Our new version history support for .dwg files is … [Read more...] about ODA Teigha to introduce version history to .dwg
Onshape extends its 3D cloud CAD with sheet metal design
“Simultaneous Sheet Metal” technology lets users work concurrently on flat, folded and bend table representations. Onshape today released new sheet metal design capabilities for its cloud-based mechanical CAD design system. The new tools allow creation and refinement of sheet metal parts with simultaneous generation of editable, synchronized flat, folded, and tabular views. … [Read more...] about Onshape extends its 3D cloud CAD with sheet metal design