PTC Accelerates Subscription Business Model in Select Regions
Customers Benefit from PTC's Faster Innovation Cycles, Shared Commitment to Success, and Flexibility to Compete in Today's Rapidly Changing Environments
"Customer adoption of our subscription offerings in the
Customers purchasing subscriptions benefit from PTC's faster innovation cycles, a shared commitment to success, cloud deployment options, and increased flexibility with lower upfront costs. In addition, PTC will offer additional incentive programs to enable customers to convert existing perpetual licenses to subscription, affording them access to all the benefits of the subscription model across their entire PTC software footprint.
"KTM Group recently expanded its usage of PTC offerings across the
enterprise, procuring additional licenses under subscription," said
Philipp Habsburg, vice president, research & development,
"PTC is modernizing itself by embracing the subscription business
For more information, visit http://www.ptc.com/subscription.
Note: PTC's Kepware product suite will continue to be available in both perpetual and subscription business models.
About PTC (NASDAQ: PTC)
PTC has the most robust
About our Bookings Measure and Forward-Looking Statements
Our software bookings measure is the annualized contract value of new subscription bookings multiplied by a conversion factor of 2 plus perpetual license bookings for the period.
Past adoption of subscription licensing by PTC customers is not necessarily indicative of future rates of customer subscription adoption and the effect of the transition to a subscription only model in certain geographic regions may not have the effect on revenue that we expect.
PTC and the PTC logo are trademarks or registered trademarks of
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