PTC Inc (NASDAQ:PMTC)

PTC, Inc. develops and markets technology solutions that help companies design products, manage product information and improve their product development processes. The company's solutions for the Product Lifecycle Management, Computer Aided Design, Application Lifecycle Management, Supply Chain Management and Service Lifecycle Management enables the customers aggregate, analyze, and deploy product information to drive the strategy and decision-making processes. Its solutions help to optimize the activities within individual functions of organization from engineering to supply chain and manufacturing, and sales and service. It helps businesses around the world to design and service products in globally distributed manufacturing industries, including industrial equipment, automotive, high tech and electronics, aerospace and defense, retail, consumer, and medical devices. Its software solutions provide customers with an integral product development system that enables them to create digital product content, collaborate with others in the product development process, control product content, automate product development processes, configure products and product content, and communicate product information to people and systems across the extended enterprise and design chain. The company operates its business through single industry segment: Computer software and related services. PTC was founded in 1985 and is headquartered in Needham, MA.