CIO Review Announces PTC as the PLM Company of the Year
PTC Recognized for Its Success in Helping Industrial Companies Harness the Value of the Product Lifecycle Management
Bangalore, February 8, 2017 – PTC (NASDAQ: PTC) today announced it has been named as one of the “Product Lifecycle Management Company of the Year” by CIO Review, a leading magazine that shares news on innovative enterprise solutions. A panel consisting of industry’s topmost CEOs, CIOs and analysts and CIO Review’s editorial board together evaluated the performance of different companies throughout the year and announced the winners. PTC has been selected as a winner for the innovations that has been made in the PLM space in the last one year by the company.
In 2016, PTC succeeded in adding a substantial number of new customers and partners to its PLM ecosystem, improved integration of industrial connectivity and machine learning technology into the ThingWorx® platform, launched a new augmented reality (AR) user experience capability, and improved the overall functionality of its ThingWorx IoT platform while earning recognition from numerous external industry sources.
Speaking on the occasion, Mr. Kalyan Sridhar, Country Manager of PTC said, “We are excited to be recognized as PLM Company of the Year by CIO Review. We always focus to play a substantial role in advancing the PLM industry with the support of our cutting edge technology solutions in IoT. Recognitions like this demand us to be more innovative in the industry and in 2017 we will focus on providing a solution for the industrial space, from custom applications that monitor a group of existing assets to remote service offering that lower the cost of traditional maintenance. These awards are yet another validation of our efforts and we remain committed to helping companies achieve new business value through our solutions.
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.