PTC
PTC is a global PLM software company serving 30,000+ customers including 95% of Fortune 500 discrete manufacturers. It offers CAD, PLM, ALM, SLM, and AR solutions through Creo, Windchill, Onshape, Codebeamer, ServiceMax, and Vuforia.
- Company typePublic
- Founded1985
- HeadquartersBoston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What PTC does
PTC Inc. is a global product lifecycle management (PLM) software company founded in 1985 and headquartered in Boston, Massachusetts. The company develops, markets, and supports a vertically integrated portfolio spanning computer-aided design (CAD) through Creo, Creo+, Onshape, and Creo Elements/Direct; PLM through Windchill, Windchill+, Arena, and FlexPLM; application lifecycle management (ALM) through Codebeamer, PTC Modeler, RV&S, and Pure Variants; service lifecycle management (SLM) through ServiceMax, Servigistics, Arbortext, and PTC Warranty; and augmented reality through Vuforia. The recent divestiture of Kepware and ThingWorx IIoT assets to TPG for $523 million (completed March 2026) sharpened PTC's focus on its "Intelligent Product Lifecycle" platform, into which it has embedded generative AI assistants (Windchill AI Assistant, Creo AI Assistant), launched PTC Orbit for cloud-native asset intelligence, and introduced PTC Jetstream for secure cross-company collaboration.
PTC serves more than 30,000 customers globally, including approximately 95% of Fortune 500 discrete manufacturing companies and 90% of Fortune 500 automotive OEMs. Revenue is approximately 95% recurring, generated through subscription and SaaS contracts (Windchill+, Creo+, Codebeamer+, Onshape, Arena, ServiceMax) plus perpetual licenses for regulated and defense deployments, with professional services delivered through a global partner network (Sell, Service, Technology tracks). Multi-year enterprise contracts are quote-based and priced by deployment, user count, and configuration. The go-to-market combines enterprise field sales under CRO Robert Dahdah, channel partners, event-driven demand generation (PTC NEXT, Hannover Messe, Executive/Industry/Innovation/Community Exchange), and a product-led growth motion through PTC for Startups and free trials.
PTC employs more than 7,000 team members worldwide across approximately 50 offices in the Americas, EMEA, and APAC, with a major R&D presence in Pune, India (approximately 32% of workforce). The company holds FedRAMP-ready authorization and operates Windchill in Microsoft cloud up to Department of War Impact Level 6, supporting the U.S. Army's official Enterprise Product Data Management (ePDM) designation. Neil Barua has served as President and CEO since February 2024. The company trades on NASDAQ under the ticker PTC with a market capitalization of approximately $15.6 billion and FY26 free cash flow projected at $1 billion.
PTC firmographics
Firmographics- Name
- PTC
- Legal name
- PTC Inc.
- Website
- https://ptc.com
- Company type
- Public
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PTC is a global PLM software company serving 30,000+ customers including 95% of Fortune 500 discrete manufacturers. It offers CAD, PLM, ALM, SLM, and AR solutions through Creo, Windchill, Onshape, Codebeamer, ServiceMax, and Vuforia.
- Ownership category
- akta.pro rank
Where PTC is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices59 records
Markets served
PTC business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Recurring subscription revenue: Approximately 95% of revenue is recurring, driven by subscription/SaaS contracts across Windchill+, Creo+, Codebeamer+, Onshape, Arena, ServiceMax, and other SaaS offerings, supporting predictable cash flow and ARR growth.
- Perpetual license and on-premises software: Traditional perpetual license sales and on-premises deployments for Windchill, Creo, Codebeamer, and related products, particularly for regulated and defense customers requiring on-premises control.
- Professional services and partner enablement: Revenue from implementation, training, and consulting delivered through PTC's own services organization and a global network of Sell, Service, and Technology partners across multiple geographies.
- Maintenance and support: Ongoing customer support, software updates, and technical account management (TSAM) services bundled with licenses and subscriptions for enterprise customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Quote-based enterprise licensing for on-premises and SaaS products |
| Freemium | Annual | PTC for Startups free tier |
Go-to-market motion5 records
Distribution channels5 records
Marketing channels8 records
PTC product offering
Product offeringCore offering
PTC develops, markets, and supports product lifecycle management (PLM) software solutions and associated services spanning CAD (Creo, Onshape), PLM (Windchill, Arena, FlexPLM), ALM (Codebeamer), SLM (ServiceMax, Servigistics), industrial IoT, and augmented reality (Vuforia) for discrete manufacturers globally. Approximately 95% of revenue is recurring, delivered through subscription/SaaS contracts, perpetual licenses, and professional services to more than 30,000 customers including 95% of Fortune 500 discrete manufacturing companies.
Product overview
PTC operates a platform-plus-modules architecture organized around six core technology categories: Product Lifecycle Management (PLM), Computer-Aided Design (CAD), Application Lifecycle Management (ALM), Service Lifecycle Management (SLM), Industrial IoT/Connectivity, and Augmented Reality (AR). The PLM core is anchored by the Windchill on-premises platform and Windchill+ SaaS variant, with Arena providing cloud-native PLM/QMS and FlexPLM serving retail. CAD is built around Creo (on-prem) and Creo+ (SaaS), complemented by Onshape as a cloud-native CAD/PDM platform and Creo Elements/Direct for direct modeling. ALM is delivered through the Codebeamer platform, with PTC Modeler (MBSE), PTC RV&S, and Pure Variants (variant management) as modules. SLM is led by ServiceMax for field service, with Servigistics for service parts management, Arbortext for technical documentation, PTC Warranty, and Service Knowledge and Diagnostics as supporting products. IIoT is powered by the ThingWorx platform and Kepware industrial connectivity family (recently divested to TPG). AR is delivered through the Vuforia suite (Engine, Studio, Expert Capture, Work Instructions, Chalk). The Creo AI Assistant, Windchill AI Assistant, PTC Orbit asset intelligence platform, and PTC Jetstream collaboration layer, together with PTC Mathcad Prime, CADDS 5, PTC Implementer, PTC MOVE, and PTC WebShip, complete the portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- Windchill: Product Lifecycle Management (PLM) platform for sharing product lifecycle data across the enterprise; also available as Windchill+ SaaS.
- Creo
- Onshape
- Arena
- ThingWorx
- Kepware
- Vuforia
- Codebeamer
- ServiceMax
- Servigistics
- Arbortext
- PTC Mathcad
- FlexPLM
- PTC Modeler
- PTC RV&S
- Pure Variants
- PTC Orbit
- PTC Jetstream
- PTC MOVE
- CADDS 5
- Creo Illustrate
- PTC Warranty
- PTC Implementer
Products and services
- Windchill Enterprise on-premises Product Lifecycle Management (PLM) platform that shares product lifecycle data across the enterprise with real-time data sharing, dynamic visualization, and advanced collaboration to improve product development and manufacturing.
- Windchill+ SaaS delivery of Windchill PLM providing 100% of the on-premises capabilities with rapid adoption, built-in security, real-time collaboration, high scalability, and zero downtime upgrades, eliminating on-premises migration and infrastructure overhead.
- Arena Cloud-native product lifecycle management (PLM) and quality management system (QMS) solutions enabling dispersed teams and partners to collaborate in real time throughout new product development and bring innovative products to market quickly.
- FlexPLM Single PLM platform tailored for retail, merchandising, and line planning, covering materials management, sampling, and faster go-to-market workflows.
- PTC Orbit Cloud-native AI-powered asset intelligence solution that unifies, cleanses, and enriches data from disconnected enterprise systems (PLM, ERP, CRM, IoT, EAM, FSM) into a single source of truth. Uses GenAI to deliver actionable insights for digital transformation, aftermarket monetization, asset management, and service operations planning.
- PTC Jetstream Next-generation secure collaboration platform providing a dedicated collaboration layer around product data. Enables secure cross-company collaboration with native 3D/document review, contextual feedback, and AI-powered insights; integrates with Windchill PLM.
- Creo PTC's flagship 3D CAD/CAM/CAE software solution that gives engineers innovative CAD, IoT, and AR tools to build better products faster, with simulation and analysis, generative design, and additive manufacturing enhancements.
- Creo+ SaaS variant of Creo that merges robust on-prem CAD capabilities with cloud-based features, enriching collaboration, accessibility, and license management; provides automatic updates and real-time design collaboration.
- Onshape Cloud-native CAD and PDM platform designed for real-time collaboration, secure data management, and scalable product development with built-in product data management supporting traceability, versioning, and controlled releases.
- Codebeamer Application Lifecycle Management (ALM) solution offering complete lifecycle management with all-in-one requirements, risk, test, and quality management capabilities for aligning hardware and software development processes.
- ServiceMax Field service management platform purpose-built for asset-centric industries, helping teams in the field maximize asset lifecycle with a complete view of assets for more profitable service operations and outcome-based business models.
- Servigistics Service parts management solution providing accurate forecasting using IoT data and statistical algorithms, balancing cost and availability, and optimizing inventory across the supply chain.
- Arbortext
Quantifiable outcome
- Up to 70% faster assembly loading in WAN environments with Creo 13/13.3.
- +5 more outcomes
Companies that use PTC
Customer profileNamed customers12 records
Segments8 records
Ideal customer profiles6 records
PTC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability16 records
Feature10 records
PTC partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered early reference customer for ptc orbit in utilities., high-profile industry endorsement within motorsport engineering., major automotive oem win advancing software-defined vehicle development., strategic ecad-mcad integration partner., flagship u.s. department of defense designation for plm., flagship medical device co-development partnership., 30-year flagship industrial oem customer showcasing full intelligent product lifecycle stack., hannover messe co-exhibitor demonstrating complementary industrial hardware., strategic ai and physical ai ecosystem partner., strategic alm capability addition for variant management in regulated industries., logistics-sector deployment partner for vuforia-powered ar workflows., foundational acquisition enabling ptc's slm business and ceo origin., flagship alm acquisition enabling regulated-industry expansion., foundational cloud-native cad acquisition underpinning velocity group., cloud infrastructure and ai partnership supporting windchill in microsoft cloud up to dow impact level 6., core global channel for sell, service, and technology engagement., adjacent gtm partnership for configuration lifecycle management summit., competitor with adjacent ecosystem integration; both deploy nvidia omniverse libraries. and major automotive oem customer for alm..
- Southern Waterearly reference customer for ptc orbit in utilities.Southern Water is an early adopter of PTC Orbit, using the platform to monitor network conditions across its sewer-level monitoring devices and unify asset data across enterprise systems.
- TRD U.S.A. (Toyota Racing Development)high-profile industry endorsement within motorsport engineering.PTC named the Official Engine Design Software Partner of TRD U.S.A., with Creo CAD and Windchill PLM designated as the primary tools for designing TRD's high-performance motorsport engines across NASCAR, GR Cup, and off-road racing. The partnership builds on a multi-year relationship in which PTC has supported TRD's engine development.
- Mazda Motor Corporationmajor automotive oem win advancing software-defined vehicle development.Mazda selected PTC Codebeamer Application Lifecycle Management to standardize requirements, testing, and validation across its software-defined vehicle program, replacing fragmented legacy tools and supporting end-to-end traceability and Model-Based Development workflows.
- Altiumstrategic ecad-mcad integration partner.PTC and Altium announced the Onshape Altium Connector, a direct integration that brings PCB designs into Onshape with real-time synchronization, version control, and earlier identification of mechanical-electrical fit problems.
- U.S. Army (DEVCOM)flagship u.s. department of defense designation for plm.The U.S. Army designated PTC's Windchill PLM solution as its official Enterprise Product Data Management (ePDM) platform through a DEVCOM-led initiative, making Windchill the authoritative system of record for weapon system development, production, and sustainment across the Army enterprise.
- Hamilton Medicalflagship medical device co-development partnership.Hamilton Medical selected PTC Codebeamer ALM under a multi-year agreement to replace legacy ALM and paper-based processes. Hamilton will contribute medical device expertise to co-develop industry-specific ALM and PLM standards with PTC, integrating Codebeamer with Windchill PLM.
- Bobcat (Doosan Bobcat)30-year flagship industrial oem customer showcasing full intelligent product lifecycle stack.Bobcat and PTC are showcasing their 30-year collaboration at Hannover Messe 2026, demonstrating AI-enabled workflows across design, engineering, manufacturing, and service for an excavator project, integrating Windchill, Creo, and Codebeamer with NVIDIA Omniverse.
- ProGlovehannover messe co-exhibitor demonstrating complementary industrial hardware.ProGlove barcode scanner technology was showcased alongside PTC's Intelligent Product Lifecycle solutions at Hannover Messe 2026.
- NVIDIAstrategic ai and physical ai ecosystem partner.PTC is integrating NVIDIA Omniverse libraries (ovrtx, ovphysx, ovstorage) into its products for robotics simulation and industrial digital twin applications, and PTC's Onshape integrates with NVIDIA Isaac Sim for robotics design. ABB Robotics, PTC, and Siemens are embedding Omniverse libraries into their offerings.
- pure-systems GmbHstrategic alm capability addition for variant management in regulated industries.PTC acquired pure-systems in October 2023 to strengthen its ALM portfolio with product and software variant management capabilities, supporting manufacturing industries that prioritize software in their products.
- DHLlogistics-sector deployment partner for vuforia-powered ar workflows.PTC partnership with DHL to deploy Vuforia-powered augmented reality workflows in warehousing and logistics, supporting hands-free operations, remote assistance, and training.
- ServiceMaxfoundational acquisition enabling ptc's slm business and ceo origin.PTC completed its acquisition of ServiceMax in January 2023; ServiceMax became the foundation of PTC's Service Lifecycle Management business and source of CEO Neil Barua (formerly ServiceMax CEO).
- Intland Software (Codebeamer)flagship alm acquisition enabling regulated-industry expansion.PTC acquired Intland Software for approximately $280 million to expand its ALM offerings, especially in safety-critical and regulated industries, adding the Codebeamer ALM product based in Stuttgart, Germany.
- Onshapefoundational cloud-native cad acquisition underpinning velocity group.PTC acquired Onshape for $470 million in October 2019; Onshape now anchors the Velocity Group (Onshape, Arena, PTC Education) under GM David Katzman.
- Microsoftcloud infrastructure and ai partnership supporting windchill in microsoft cloud up to dow impact level 6.PTC enables Windchill to operate in Microsoft cloud environments up to Department of War Impact Level 6 and supports Azure-based deployments; NVIDIA Omniverse tools integrate with Microsoft Azure cloud services.
- PTC Partner Network (resellers, GSIs, technology partners)core global channel for sell, service, and technology engagement.PTC Partner Network spans Sell, Service, and Technology engagement tracks, including global systems integrators and a dedicated Kepware Partner ecosystem supporting industrial connectivity deployments worldwide.
- Configitadjacent gtm partnership for configuration lifecycle management summit.PTC executive participation in Configit's 11th annual Configuration Lifecycle Management Summit (May 6-7, 2026), focused on AI-driven configuration lifecycle management for manufacturing.
- Siemenscompetitor with adjacent ecosystem integration; both deploy nvidia omniverse libraries.Siemens and PTC both deploy NVIDIA Omniverse libraries (ovrtx, ovphysx, ovstorage) for industrial digital twin and physical AI applications; NVIDIA GTC announcements position Siemens and PTC as parallel industrial AI partners.
- BMW Groupmajor automotive oem customer for alm.BMW Group is implementing PTC's Codebeamer ALM solution to support integrated application lifecycle management and software-defined vehicle development.
Scale indicators18 records
Recent moves7 records
Expansion highlights6 records
PTC competitors and assessment
Company assessmentBroad incumbents
- Siemens Digital Industries Software: Siemens competes directly with PTC across CAD (NX), PLM (Teamcenter), and ALM (Polarion), and is explicitly named by PTC as a primary competitor. Its deeper A&D and automotive installed base makes it the most consequential broad incumbent peer.
- Dassault Systèmes: Dassault's 3DEXPERIENCE platform bundles CATIA, ENOVIA, and DELMIA, competing head-to-head with PTC's Creo/Windchill stack in automotive, aerospace, and industrial machinery. PTC's own competitive landscape explicitly lists Dassault alongside Siemens and Autodesk.
- Autodesk: Autodesk competes with PTC in CAD (Inventor, Fusion 360) and downstream PLM (Vault, Fusion Manage). Autodesk's SaaS-first go-to-market and broader SMB reach make it a key competitor for Onshape, Arena, and Creo+ at the mid-market and startup tier.
- Hexagon Manufacturing Intelligence (MSC Software): Hexagon's MSC Software unit offers CAD/CAM (Edgecam, VISI) and simulation tools that overlap with PTC's Creo and manufacturing portfolio, particularly in industrial machinery and precision manufacturing verticals.
- Ansys: Ansys is a leading engineering simulation vendor whose CAE and digital twin capabilities increasingly overlap with PTC's Creo simulation and PTC Orbit asset intelligence offerings, especially in A&D and automotive.
- Siemens EDA (formerly Mentor Graphics): Siemens EDA competes in ECAD/EDA alongside Altium and Cadence, and is increasingly paired with Siemens Teamcenter for full digital thread workflows. Its integration with Teamcenter makes it a competitor to PTC's ALM and connected engineering stack.
- ServiceNow Field Service Management: ServiceNow's FSM and broader workflow platform competes with ServiceMax for asset-centric field service contracts, often displacing or wrapping around incumbent SLM stacks at large enterprises undergoing workflow consolidation.
Direct peers
- Altium: Altium is a leading ECAD/PCB design vendor that now has a direct Onshape Altium Connector partnership with PTC. Its NPI and electronics design footprint makes it the closest direct peer in PTC's ECAD-MCAD collaboration narrative.
Emerging players
- Atlassian: Atlassian's Jira, Confluence, and Jira Product Discovery compete with Codebeamer for requirements, issue, and test management in software-led product development. While less specialized for safety-critical ALM, it is a frequent lower-cost alternative in software-defined vehicle programs.
- IBM Engineering (DOORS, ELM): IBM's Engineering Lifecycle Management suite, anchored by DOORS, competes with Codebeamer and PTC Modeler for requirements, traceability, and MBSE in safety-critical A&D, automotive, and industrial programs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
PTC social profiles
Digital presencePTC compliance and trust
Trust signalCompliance9 records
PTC financial estimates
Financial estimateRevenue estimate
Valuation estimate
PTC leadership team
Management profileNumber of profiles
Profiles12 records
PTC subsidiaries and ownership
Company hierarchySubsidiaries16 records
PTC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PTC M&A and investment
M&A and investmentM&A37 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PTC
What does PTC do?
PTC develops, markets, and supports product lifecycle management (PLM) software solutions and associated services spanning CAD (Creo, Onshape), PLM (Windchill, Arena, FlexPLM), ALM (Codebeamer), SLM (ServiceMax, Servigistics), industrial IoT, and augmented reality (Vuforia) for discrete manufacturers globally. Approximately 95% of revenue is recurring, delivered through subscription/SaaS contracts, perpetual licenses, and professional services to more than 30,000 customers including 95% of Fortune 500 discrete manufacturing companies.
Is PTC a public or private company?
PTC is a public company. It is classified as public and is currently operating.
When was PTC founded?
PTC was founded in 1985. It employs 5,001 to 10,000 people.
Where is PTC based?
PTC is headquartered in Boston, United States, in the North America region.
How does PTC make money?
Four revenue lines are on record. Recurring subscription revenue is the primary driver. The others are perpetual license and on-premises software, professional services and partner enablement and maintenance and support.
Who are PTC's main competitors?
Broad incumbents on record are Siemens Digital Industries Software, Dassault Systèmes, Autodesk, Hexagon Manufacturing Intelligence (MSC Software), Ansys, Siemens EDA (formerly Mentor Graphics) and ServiceNow Field Service Management. Altium is listed as a direct peer. Emerging players are Atlassian and IBM Engineering (DOORS, ELM).
Does PTC have an API?
Yes. PTC provides developer-facing portals and tools across its product portfolio, including the ThingWorx Developer Portal (for building IIoT applications and AR experiences) and the Vuforia Developer Portal (for building AR applications with Vuforia Engine). PTC Developer Tools is a program suite for engineers developing complex, mission-critical native, embedded, or real-time applications. Public API specifics (REST/GraphQL, auth methods, rate limits, versioning, sandbox) are not detailed in the available source material.