PTC Named a Leader in Product Lifecycle Management for Manufacturers by Top Independent Research Firm
November 30 2017 - 2:00PM
Business Wire
PTC Top Ranked for Current Offering and Among
Highest for Strategy in Product Lifecycle Management Market
PTC (NASDAQ: PTC) today announced that it has been named a
leader in the product lifecycle management (PLM) software market
for its Windchill® PLM solution, according to a new evaluation from
Forrester Research. In the Forrester evaluation, entitled, “The
Forrester Wave™: Product Lifecycle Management for Discrete
Manufacturers, Q4 2017,” PTC was the top ranked vendor in the
current offering category, and among the highest ranked in the
strategy category.
The Forrester evaluation examined the current offering,
strategy, and market presence of PTC and six other vendors. Each
company was evaluated according to a comprehensive set of criteria,
which included: BOM management, quality and compliance, supplier
management and collaboration, configurability and flexibility, and
implementation and sustainability. Additionally, vendors were
assessed on strategy for the PLM market, based on product vision,
partner ecosystem, and delivery model -- cloud.
Regarding PTC’s standing in the evaluation, Forrester notes:
“PTC is a great choice for discrete manufacturers looking for an
involved vendor with IoT capabilities that can get their PLM
solution up and running quickly and flexibly.”
Windchill exemplifies PTC’s commitment to PLM technology
innovation. Windchill unleashes a single view to product data and
processes across multiple systems of record to more stakeholders
throughout the organization. With it, organizations can improve
product quality by connecting teams directly to live operational
data. Windchill enables customers to reduce IT burden and overhead
while providing accessibility and security with both on-premise and
cloud deployment options.
Windchill is a complete, end-to-end PLM solution. It integrates
core PLM functionality with the ThingWorx® Industrial Innovation
Platform from PTC and the ThingWorx Navigate™ role-based application. ThingWorx Navigate
enables organizations to dramatically increase productivity and
collaboration by radically simplifying data access. Users have
contextual, up-to-date, and accurate product data without complex
user experiences, lengthy training, inflexible integration
projects, or long-term customizations.
“We are pleased that Forrester recognized PTC as a leader in the
PLM market,” said Kevin Wrenn, divisional general manager, PLM
segment, PTC. “In our view, this ranking reinforces PTC’s
commitment to the PLM space, while also demonstrating how we will
continue to lead the market not only in core PLM functionality, but
also in vision for this software, through integrations with
Industrial IoT and augmented reality technologies.”
To access “The Forrester Wave™: Product Lifecycle Management for
Discrete Manufacturers, Q4 2017,” please visit:
http://www.ptc.com/en/resources/plm/report/forrester-wave/.
About PTC (NASDAQ: PTC)PTC has the most robust Internet
of Things technology in the world. In 1986 we revolutionized
digital 3D design, and in 1998 were first to market with
Internet-based PLM. Now our leading IoT and AR platform and
field-proven solutions bring together the physical and digital
worlds to reinvent the way you create, operate, and service
products. With PTC, global manufacturers and an ecosystem of
partners and developers can capitalize on the promise of the IoT
today and drive the future of innovation.
PTC.com @PTC Blogs
PTC, Windchill, ThingWorx, Navigate, and the PTC logo are
trademarks or registered trademarks of PTC Inc. or its subsidiaries
in the United States and other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20171130005934/en/
PTCJack McAvoy, 781-370-6143Corporate
Communicationsjmcavoy@ptc.comorFleishmanHillardSara Steindorf,
314-982-1725sara.steindorf@fleishman.com
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