PTC Updates Name to Reflect Expanded Scope and Vision
Company Formerly Known as
Although a modest update, the legal name change acknowledges how far the
company's capabilities have expanded through acquisition and organic
development over the past 25 years. From its roots as a pioneer in
desktop CAD, the company soon followed with another first — web-based
software for managing the proliferation of product-related information —
helping to define the modern product lifecycle management (PLM) market.
According to industry consulting firm CIMdata, the global market for PLM
and related technology and services is expected to reach nearly
Under the leadership of current CEO
"As we look at the landscape of the global manufacturing industry, it is
clear that a transformation is underway," said
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created and serviced across the entire product lifecycle - from conception and design to sourcing and service. Founded in 1985, PTC employs more than 6,000 professionals serving more than 27,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com.
PTC and the PTC logo are trademarks or registered trademarks of
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