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PTC provides Onshape design software to MassRobotics for robotic startups

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PTC, a provider of software for digital industry, is partnering with MassRobotics, a Massachusetts-based organization that provides support and resources to startups in the robotics sector.

The new collaboration will see PTC provide free licenses of Onshape, its cloud-native product development platform, to MassRobotics and its resident startups.

With Onshape, MassRobotics’ community of future-minded startups can leverage the latest in cloud product design software for robotics development. [Read more…] about PTC provides Onshape design software to MassRobotics for robotic startups

PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

Rockwell Automation partners with PTC to add new capabilities to FactoryTalk

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Rockwell Automation has added a set of new capabilities for FactoryTalk InnovationSuite, powered by software company PTC to “simplify, scale and accelerate digital transformation for industrial organizations”.

This news follows the recent announcement that the two companies are extending and expanding the scope of their strategic alliance following strong market momentum and widespread industry recognition of InnovationSuite.

Since its original launch in 2018, InnovationSuite has successfully delivered a range of high-value solutions for the world’s largest automotive, consumer packaged goods, healthcare, oil and gas, and pharmaceuticals companies across 21 countries. [Read more…] about Rockwell Automation partners with PTC to add new capabilities to FactoryTalk

Ansys partners with PTC to develop ‘groundbreaking’ simulation-driven 3D design solution

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Ansys and PTC have agreed a partnership to accelerate product innovation by providing customers a “world-class simulation-driven design solution”.

The two companies that they will together to deliver Ansys Discovery Live real-time simulation within PTC’s Creo 3D CAD software.

The combined solution will be sold by PTC as part of the Creo product suite.  [Read more…] about Ansys partners with PTC to develop ‘groundbreaking’ simulation-driven 3D design solution

Rockwell Automation to buy $1 billion stake in product lifecycle management software provider PTC

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Rockwell Automation is investing $1 billion into product lifecycle management software provider PTC.

PTC and Rockwell Automation say they have entered into a partnership that is expected to accelerate growth for both companies.

The companies say the deal makes them the “partner of choice” for customers around the world who want to transform their physical operations with digital technology.  [Read more…] about Rockwell Automation to buy $1 billion stake in product lifecycle management software provider PTC

PTC’s product lifecycle management bookings double over last four quarters

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PTC says bookings for its product lifecycle management software-as-a-service solution have doubled over the last four quarters.

This expansion complements PTC’s new subscription model and aligns with the recent findings of a cloud PLM study conducted by CIMdata, an independent global strategic management consulting and research authority focused on the PLM market.

According to CIMdata, 95 percent of current and prospective cloud PLM customers surveyed plan to purchase PLM Cloud in the next 24 months, while 72 percent plan to in just 13 months.  [Read more…] about PTC’s product lifecycle management bookings double over last four quarters