PTC is a global software and services company that, together with a partner ecosystem, empowers digital transformation for industrial, A&D, electronics and other companies. It has over 6,000 employees, of which over 60% located outside the US.
~2,000 in product development
~1,700 in customer support, training, consulting, cloud services and product
~1,800 in sales and marketing
~700 in general administration
PTC boasts an expansive ecosystem of technology and service partners, including value-added resellers, enterprise software and performance team partners, hardware and system
integration partners, and service and training partners.
Its revenue was over US$ 1 billion in 2019, of which 94% was recurring in the form of subscriptions.
PTC was founded in 1985 and launched its first product Pro/Engineer in 1986. It has since then grown both organically and through acquisitions, including of Computervision (1998), Arbortext (2005), CoCreate CAD (2007), MKS (2011), Servigistics (2012), ThingWorx (2013), Axeda (2014), ColdLight and Vuforia (2015), and Kepware (2016) to provide a wide range of digital solutions for industrial manufacturing and services.