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PTC
Industrial Software

PTC Company Overview

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PTC

● Active
Industrial Software · Boston, Massachusetts · Est. 1985
PLMCADIoTDigital TwinManufacturing↗ Website
$22B
Valuation
$2.55B
Revenue
8k+
Employees
1985
Founded

PTC is an industrial software company that provides product lifecycle management (PLM), CAD, and IoT platforms to manufacturers and industrial enterprises worldwide. Its flagship products — Windchill PLM, Creo CAD, and ThingWorx IIoT — help customers digitize, connect, and transform their product development and manufacturing operations.

Recent Press
5 items
Acquisition·2025-11-05
TPG to Acquire PTC Industrial Connectivity and IoT Businesses for Up to $725 Million
PTC and TPG announced a definitive agreement under which TPG will acquire PTC's Kepware industrial connectivity and ThingWorx IoT businesses for up to $725 million, allowing PTC to sharpen its focus on its core CAD, PLM, ALM, and SLM offerings. The divestiture enables PTC to concentrate on its Intelligent Product Lifecycle vision while providing Kepware and ThingWorx with dedicated capital to accelerate growth in industrial connectivity.
Press Release·2025-07-30
PTC to Accelerate Design and Simulation of AI Infrastructure with NVIDIA Omniverse
PTC announced an expansion of its collaboration with NVIDIA, integrating NVIDIA Omniverse technologies into Creo CAD and Windchill PLM to transform how manufacturers design and simulate complex products including AI infrastructure hardware such as high-performance PCBs and advanced cooling systems. PTC also joined the Alliance for OpenUSD, reinforcing its commitment to open and interoperable 3D data standards.
Press Release·2025-07-30
PTC Reports Q3 Fiscal 2025 Results with 9.3% Constant Currency ARR Growth
PTC reported Q3 fiscal 2025 results on July 30, 2025, with constant currency ARR growing 9.3% year-over-year and both operating cash flow and free cash flow growing 14% year-over-year.
Partnership·2025-06-04
PTC Launches Creo 12 to Accelerate Design Speed, Productivity, and Collaboration
PTC announced Creo 12, the latest version of its CAD solution, featuring hundreds of enhancements to design, simulation, and manufacturing capabilities including AI-driven Generative Design with new thermal physics capabilities. The release strengthens PTC's commitment to delivering AI-powered tools across the full product development lifecycle as part of its Intelligent Product Lifecycle vision.
Press Release·2025-04-30
PTC Reports Q2 Fiscal 2025 Results with 10% ARR Growth
PTC announced Q2 fiscal 2025 results on April 30, 2025, with ARR reaching $2.326 billion at 10% year-over-year constant currency growth and free cash flow up 13% year-over-year to $279 million.
Company History
8 milestones
Sam Geisberg, a Soviet émigré engineer, founded PTC (Parametric Technology Corporation) in Waltham, Massachusetts, with the goal of building a parametric, feature-based 3D CAD system — a fundamentally new approach to solid modeling that would displace 2D drafting tools.

PTC Organization Structure & Team

Org Chart
7,500 employees · Click a leader to explore their team
6,500 across 12 departments
Chief Executive Officer
Jim Heppelmann
Kristian Talvitie — Departments
· 6500 people across 12 depts

PTC Financials, Revenue & Market Share

Annual Revenue
$2.55B
+12% vs prior year
YoY Growth
+12%
From $1.81B to $2.55B
Revenue / Employee
$320K
Annual revenue per full-time employee
Revenue Growth
2021
2022
2023
2024
2025
$1.81B
$1.96B
$2.12B
$2.38B
$2.55B
Market Share
Global PLM Software
12%
share
PTC
12%
Autodesk
40%
Siemens Digital Industries
20%
Dassault Systèmes
15%
Others
13%
$65B
TAM
$28B
SAM
$2.4B
SOM
Revenue Streams
Software Subscriptions85%
Professional Services10%
Perpetual License Support5%
Business Units
PLM & CAD (Windchill + Creo)60%
Core product design and lifecycle management software — the original PTC business, with Windchill PLM and Creo CAD serving aerospace, defense, automotive, and industrial manufacturers globally.
Digital Thread & IoT (ThingWorx + Kepware)25%
Industrial IoT platform connecting factory equipment to digital twin and analytics applications, anchored by the ThingWorx IIoT platform and Kepware industrial connectivity middleware.
AR & Service (Vuforia + Servicemax)15%
Augmented reality work instruction and remote assistance platform combined with Servicemax FSM for industrial OEM service operations, acquired to close the product-to-service digital thread.

PTC Internal Tools & Processes

Internal Tools
12 departments
Engineering — PLM & Platform1100 people · 3 roles
Standards & Certifications
10 standards
Compliance frameworks, security audits, and quality certifications this company maintains.
Quality
ISO 9001:2015
Certified
PTC's software development and professional services operations are certified to ISO 9001:2015, ensuring systematic quality management processes across the Windchill and Creo product development lifecycle and global customer delivery organization.
Security
ISO 27001
Certified
PTC's cloud platform infrastructure — including Windchill+ and Creo+ SaaS environments — is certified to ISO/IEC 27001, demonstrating that PTC maintains a rigorous information security management system protecting customer product data and IP in cloud-hosted PLM environments.
Security
SOC 2 Type II
Certified
PTC's SaaS products including Windchill+ PLM and ThingWorx cloud undergo annual SOC 2 Type II audits, verifying that PTC's controls for security, availability, and confidentiality meet AICPA standards for customers entrusting sensitive product design data to PTC cloud environments.
Regulatory
ITAR
Compliant
PTC's Windchill PLM and Creo CAD products are used by U.S. defense contractors and primes for ITAR-controlled technical data management. PTC maintains ITAR compliance in its product architecture, cloud deployment options, and export control policies to support customers managing EAR/ITAR-controlled programs.
Regulatory
FedRAMP Moderate
In Progress
PTC is pursuing FedRAMP Moderate authorization for its Windchill+ cloud PLM platform to serve U.S. federal agencies and DoD customers who require cloud-hosted PLM solutions for defense acquisition programs under DFARS and CMMC compliance frameworks.
Security
CMMC Level 2
Compliant
PTC's Windchill PLM deployment architectures support customers achieving CMMC Level 2 compliance for Controlled Unclassified Information (CUI) in defense manufacturing programs, with configuration guidance for on-premise and GovCloud deployments meeting NIST SP 800-171 controls.
Privacy
GDPR
Compliant
PTC's cloud products including Windchill+, ThingWorx, and Vuforia maintain GDPR compliance for EU customers, with data processing agreements, EU data residency options, and privacy controls built into PTC's SaaS platform architecture to protect customer personal data in European manufacturing deployments.
Privacy
CCPA
Compliant
PTC's cloud platforms comply with the California Consumer Privacy Act (CCPA/CPRA), providing customers and users with data access, deletion, and opt-out rights within PTC's SaaS product suite including Windchill+, Vuforia, and Servicemax for California-based enterprise customers.
Quality
AS9100D
Compliant
PTC's Windchill Quality Management Solution (QMS) module supports customers maintaining AS9100D certification for aerospace and defense manufacturing quality management systems, with built-in nonconformance, CAPA, and audit management workflows aligned to AS9100D requirements.
Security
TISAX
Certified
PTC holds TISAX (Trusted Information Security Assessment Exchange) certification, enabling PTC to serve automotive OEM customers under VDA ISA security requirements. TISAX certification is required for suppliers and software vendors managing sensitive vehicle development data for German and European automotive manufacturers.

PTC Interview Preparation

Interview Prep
Role-specific interview questions and keywords. Select a department, then click any role to prepare.
Engineering — PLM & Platform· 3 roles

PTC Products & Competitors

Product Suite
5 products · select one to explore
Industrial Software
Product Lifecycle Management
Windchill
The World's Most Proven PLM Software

Windchill is PTC's flagship product lifecycle management (PLM) platform used by discrete manufacturers to manage product data, engineering change processes, and supply chain collaboration across the entire product lifecycle. It is used by aerospace, defense, automotive, and high-tech manufacturers to connect engineering, manufacturing, and service teams on a single source of product truth.

Use Cases
Managing engineering change orders and BOM revisions for a multi-site aerospace program across 12 global suppliersConfiguring Windchill Quality Management for AS9100 audit-ready nonconformance reporting in a defense programIntegrating Windchill with SAP ERP to automate part number creation and BOM transfer at production release
No image
Key Customers
LM
Lockheed Martin
HD
Harley-Davidson
TH
Thales Group
Competitive Intelligence
VSSiemens Teamcenter
THEM

Siemens Teamcenter is an enterprise PLM platform from Siemens Digital Industries Software that manages product and manufacturing information across the product lifecycle for discrete manufacturers, aerospace, and automotive OEMs.

EDGE

Deeper integration with Siemens NX CAD and Xcelerator portfolio for full Siemens-stack customers

VSDassault ENOVIA
THEM

ENOVIA is Dassault Systèmes' PLM platform within the 3DEXPERIENCE suite, enabling product development collaboration, BOM management, and supplier connectivity for global industrial manufacturers.

EDGE

Native integration with CATIA and SOLIDWORKS within the 3DEXPERIENCE platform

VSAras Innovator
THEM

Aras Innovator is an open-architecture PLM platform designed for enterprise manufacturers needing highly configurable lifecycle management without per-seat licensing constraints.

EDGE

Proven upgrade path from Windchill for complex regulated industries with PTC's aerospace/defense customer relationships