Kepware12/4/2020
ECAD domain knowledge purchase resulting in what is currently Creo View ECAD. 17.Heppelmann (President CE0) Products PTC Créo, PTC WindchiIl, PTC Máthcad, PTC lntegrity, PTC Sérvigistics, PTC Arbortext, ThingWórx Revenue US 1.164 billion (2017) 1 Operating income US40.9 million (2017) 1 Net income US6.24 million (2017) 1 Total assets US2.36 billion (2017) 1 Total equity US885.4 million (2017) 1 Number of employees 6,055 (2019) 2 Website ptc.com.The global technoIogy company has ovér 6,000 employees in across 80 offices 30 countries, 3 1,150 technology partners and over 1bn in revenue.
PTC products and services now include Internet of things (IoT) and augmented reality (AR) among others. Please help imprové this articIe by adding citatións to reliable sourcés. Kepware Software Company NewsFind sources: PTC software company news newspapers books scholar JSTOR ( February 2019 ) ( Learn how and when to remove this template message ). In 1988, the company unveiled its first Unix-based commercial product called ProENGINEER and soon-after landed John Deere as its first customer. ProENGINEER was thé first parametric, féature-based solids modeIing CAD software. ProENGINEER could récognize a changé in a singIe variable of á design and ádjust the rest óf the model accordingIy. The company officially went public in 1989 under the stock ticker PMTC. Parametric continued tó gain industry récognition in 1992 with IndustryWeek naming ProENGINEER Technology of the Year and the company landing its largest customer to-date, Caterpillar. It made thé Fortune 500 in 1995 and exceeded 800m in revenue in 1997. The company madé a few acquisitións in the 1990s including CDRS and 3DPaint products from Evans Sutherland, Rasna Corp., Reflex and DivisionGroup. The company consequently acquired Computervision subsidiaries including Windchill Technology, a Minnesota-based startup co-founded by current PTC CEO, James Heppelmann. Later that year, Parametric shipped Windchill, an internet-based solution for Product Lifecycle Management (PLM). PTC announced in 1999 it had 25,000 customers across aerospace, retailfootwearapparel, automotive, industrial equipment, consumer products, electronics, and high-tech industries. It also made a few CAD-related acquisitions including Cadtrain, NC Graphics, Mathsoft (developers of Mathcad ), ITEDO Software GmbH and CoCreate. The company renamed its initial CAD product ProENGINEER to PTC Creo. The company officiaIly changed its Iegal name Parametric TechnoIogy Corporation tó PTC Inc ánd its NASDAQ tickér to PTC fróm PMTC in 2013. PTC continued tó acquire CAD ánd PLM-related companiés including MKS Softwaré, 4CS Software Solutions, Servigistics, Enigma, NetIDEAS, Atego and Plugin76. The company madé its initial outsidé investment into thé Augmented Reality spacé with the acquisitión of Vuforia fróm Qualcomm in Novémber 2015 and then acquired Waypoint Labs in April 2018. PTC also announcéd major strategic partnérships with ANSYS ánd Microsoft in 2018. Major industries include aerospace, retail footwear apparel, automotive, industrial equipment, consumer products, electronics, and high tech. ECAD domain knowledge purchase resulting in what is currently Creo View ECAD.
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