New SPECapc for Creo 9 performance benchmark
Updated to reflect new functionality in version 9 of the software.
PTC’s new Onshape–Arena Connection will link product teams through the cloud
Connecting Onshape and Arena means more collaboration and less catch-up. (Source: PTC) PTC recently announced the Onshape–Arena Connection, connecting their two products using the cloud. This new feature will streamline the process of making new products, and everybody who needs it will have immediate access to new information. This change will reduce costs of human error and scheduling impacts at … Read more
PTC announces Q1 results for its fiscal 2022
PTC reported its first-quarter financial results for its fiscal 2022 and told investors all is going according to plan. At the end of 2021, PTC told investors it was putting its foot down on the accelerator to speed up its transition to the cloud. To do so, PTC CEO Jim Heppelmann told listeners on its Q4’21 investor call that the … Read more
PTC’s third quarter beats expectations
There were no real surprises in PTC’s third-quarter announcement and no balls were knocked out of no parks but the company demonstrates the value of fast reflexes and strategic moves as well as the established position of its Core products in the market. PTC president and CEO James Heppelmann said, “our performance in the third quarter and year to date … Read more
PTC says 2021 is going to be just great
PTC notched a successful 2020, and the first half of its fiscal year 2021 is off the charts, and PTC execs are saying they’re right where they want to be. The company’s performance at the start of the year, underscores the trends analysts are using to predict a very positive 2021 and 2022 post-pandemic. Taking off: revenues in the company’s … Read more
PTC adds AR and generative design to products in Atlas portfolio
Since its arrival in 2012, Onshape has been revolutionary in its commitment to pure SaaS for design. The company also demonstrated a willingness to innovate on the fly. Recognizing the challenge of bringing a new design tool into a very mature market, Onshape concentrated on getting a usable base product out into the market right away and rapidly added features. … Read more
PTC’s financial report for Q1 2021 is a cause for optimism
PTC was one of the busiest companies in the design and engineering segment through 2020, and that’s saying something after a year of shutdown and buildup. CEO Jim Heppelmann said, “Fiscal 2021 is off to a great start” and that’s a pretty good way to describe double-digit growth, strong cash flow, new customers, and new growth in partnerships with Microsoft, … Read more
PTC acquires Migenius for the growing Onshape family
The Perrinn Project 424 is an open-source race car project and a collaboration that includes OnShape, Simscale, and Migenius. (Source: Perrinn Project 424) Migenius, founded in 2010 by Paul Arden, was a pioneer company and one of the first to take advantage of the Mental Images’s cloud-based rendering technology RealityServer, which is based on iRay. Migenius took over packaging … Read more
PTC gets SaaS PLM with the acquisition of Arena
PTC announced plans to acquire SaaS PLM company, Arena Solutions of Foster City, for $715 million in cash. The deal is expected to close in PTC’s fiscal Q2 2021. In the announcement, PTC CEO Jim Heppelmann said Arena would become part of PTC’s effort to become “the industrial SaaS leader,” building on the work that PTC is putting into its … Read more
PTC and Rockwell Automation expand their strategic alliance
PTC and Rockwell Automation signed a strategic alliance in 2018 to jointly sell their products for PLM, SaaS, factory automation, IoT, virtual machinery simulation, and testing software. At that time, the deal was sealed with a $1 billion equity investment in PTC shares and a seat on the board for Rockwell CEO Blake Moret. As a result of the deal, … Read more
PTC’s new normal will embrace remote workflows
The face of the new normal is coming in more clearly. PTC has wrapped up its first all-virtual LiveWorx conference, and we’ve gotten a look into quite a few East Coast homes. We also got updates on PTC’s plans for the future. You won’t be surprised to hear that the cloud is a big part of those plans, but so … Read more
CAD business is stable business
We finished the 2020 CAD report, just in time to be wrong. The report was completed at the end of 2019 just before word of the Coronavirus washed up on our shores. Early enough that I might not have even been able to understand its impact. After all, SARS wasn’t universally bad. Likewise, MERS attacked a region, mostly, but not … Read more