Parametric Technology Corporation
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| Parametric Technology Corporation (PTC) | |
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| Type | Public (NASDAQ: PMTC) |
| Founded | 1985 |
| Headquarters | Needham, Massachusetts |
| Key people | C. Richard Harrison, CEO |
| Industry | CAD/CAM Software |
| Products | PLM See complete products listing. |
| Revenue |  744.05M million USD (2005) |
| Employees | 3,751 (2006) |
| Website | www.ptc.com |
Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include companies in manufacturing, publishing, services, government and life sciences industries. PTC was a member of the S&P 500 Index through the end of 2006, when it instead became listed in the S&P Midcap 400. It is also in the Russell 2000 index.
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[edit] Portfolio
PTC has five core products – Pro/ENGINEER, Windchill , Arbortext, Mathcad and FlexPLM.
[edit] History
PTC was founded in 1985, by Samuel Peisakhovich Geisberg, who previously worked at Prime Computer, Computervision (CV) and Applicon. Pro/ENGINEER (a.k.a. Pro/E), the company's first product, shipped in 1988. John Deere became PTC's first customer.
Once an initial version of Pro/ENGINEER was developed, the company received venture capital funding from Charles River Associates and Steve Walske became the CEO.
Pro/ENGINEER was the first commercially successful parametric feature based solid modeler. Through a combination of innovative technology, and no-holds-barred sales tactics, PTC quickly became a major force in the CAD industry.[1] Its strong ascent continued unabated until the mid-1990s, when the introduction of Microsoft Windows NT, and the availability of commercial geometric modeling libraries opened the door to a new generation of lower-cost competitors.
On December 29, 2006 Standard & Poor's bumped PTC off its S&P 500 Index, and replaced it instead with the newly spun-off natural gas company Spectra Energy Corp. (NYSE: SE). Parametric then bumped Pier 1 Imports Inc. (NYSE: PIR), a retailer of home furnishings, down one spot and off the bottom of the S&P MidCap 400 Index.[2]
[edit] Companies acquired by PTC
- Computervision, developers of CADDS in 1998[1]
- Arbortext, developers of Arbortext in 2005 for $190 million [2]
- Mathsoft, developers of Mathcad in April 2006 for $63 million.[3]
- ITEDO Software GmbH in October 2006 for $17million. ITEDO makes technical drawing software and had 34 employees mainly in Germany and the United States.[4]
- NC Graphics in May 2007 for an undisclosed sum.[5]
- CoCreate in October 2007 for $250 million. [6]
[edit] References
- ^ Eda & Plm?
- ^ S&P changes makeup of indexes, Spectra set to become index component, By Ana Campoy, MarketWatch, Dec 20, 2006
[edit] External links
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