Parametric Technology Corporation

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Parametric Technology Corporation (PTC)

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.

1 Portfolio
2 History
3 Companies acquired by PTC
4 References
5 External links

[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]