PTC

PTC Inc. (NASDAQ:PTC) is a Boston-based software company founded in 1985 that provides digital transformation solutions for industrial companies. Originally known as Parametric Technology Corporation, the company rebranded to PTC Inc. in 2013. PTC has evolved from a traditional computer-aided design (CAD) software provider into a comprehensive platform company offering product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM), Internet of Things (IoT), and augmented reality (AR) solutions. The company went public in 1989 and has undergone significant transformation over the past decade, transitioning from perpetual license sales to a subscription-based software-as-a-service (SaaS) model while expanding its product portfolio through strategic acquisitions.