PTC Inc.
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PTC Inc. - overview
Established
1985
Location
Boston, MA, US
Primary Industry
Software
About
PTC Inc. is a global leader in providing advanced software solutions for product lifecycle management (PLM), Internet of Things (IoT) integration, and augmented reality (AR) applications to enhance operational efficiency across various industries. Founded in 1985 in Boston, US, PTC Inc. specializes in software for product lifecycle management.
The company became publicly traded after its Initial Public Offering (IPO) on June 1, 1989. Founders include Aron Brent, Igor Paramonov, John McEleney, Michael Stanley, Richards Massa, and Satish Panchal, while the current CEO is James Heppelmann. PTC Inc. specializes in innovative software solutions that streamline product lifecycle management (PLM), facilitate Internet of Things (IoT) integration, and support augmented reality (AR) applications.
Its comprehensive suite of tools optimizes design, manufacturing, and service processes primarily for the automotive, aerospace, and high-tech manufacturing sectors, helping clients enhance product designs and operational efficiencies. The company's offerings cater to a diverse clientele ranging from large enterprises to small and medium-sized businesses across North America, Europe, and Asia. For the fiscal year 2024, PTC Inc. reported revenues of USD 2.
30 bn and an EBITDA of USD 696. 18 mn. The company generates revenue through software subscriptions, maintenance services, and professional consulting, with clients typically engaging in multi-year agreements that support long-term partnerships and integration into their operations. PTC Inc.
is focused on developing new products designed to enhance digital transformation initiatives, with specific launches planned for upcoming quarters. The company aims to expand its market presence in Asia and Europe, targeting significant growth by 2025. The proceeds from its latest funding round, which culminated in its IPO in June 1989, have been instrumental in supporting these strategic initiatives.
Primary Industry
Software
Sub Industries
Operating Systems (OS)
Website
www.ptc.com
Verticals
Augmented Reality (AR), IoT (Internet of Things)
Company Stage
Mature
Total Amount Raised
Subscriber access only
PTC Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, LP Direct | Announced | PTC’s Kepware and ThingWorx businesses | - | ||||||||
| Trade Sale | Announced | ServiceMax, Inc. | - | ||||||||
| Trade Sale | Completed | RE'FLEKT GmbH | - | ||||||||
| Trade Sale | Completed | Servigistics | - | ||||||||
| Trade Sale | Completed | CoCreate Software | - |
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