PTC INC.

PTC was founded by Samuel Geisberg, and Mike Payne formerly from Prime Computer, Computervision, and Applicon, in 1985. In 1988, Steve Walske was named CEO. That same year, the company shipped Pro/ENGINEER and was considered first to market with parametric modeling design software.

In 1989, PTC had its initial public offering at the Nasdaq exchange.

In 1998, PTC shipped Product Lifecycle Management (PLM) Windchill.

In 1999, PTC created a Global Academic Program designed to support educational initiatives in science, technology, engineering, and math ( STEM ) skills. The program aims to partner schools and universities with companies to assist students in developing real-world skills needed for careers in manufacturing, technology, and other STEM jobs. The program also has a direct recruitment program intended to place students in jobs with PTC's commercial customers.

PTC has also been a corporate sponsor of FIRST (For Inspiration and Recognition of Science and Technology) since 2008, providing participating students with access to PTC software for use in the FIRST Tech Challenge, FIRST Robotics Competition, FIRST Lego League, and FIRST World Championship.

2002 - The company releases Pro/ENGINEER Wildfire. This is the first CAD system to support web-based services. 2005 - Acquired Arbortext for technical publishing technology. Acquired Aptavis for retail, footwear and apparel technology. 2006 - Acquired Mathsoft for its engineering calculation software. Acquired ITEDO for its 3D technical illustration software. 2007 - Acquired CoCreate for its direct modeling technology. 2008 - Acquired Synapsis for its performance analytics technology to improve environmental performance of products. 2009 - Acquired Relex Software for its reliability engineering software. 2010 - James E. Heppelmann announced as CEO effective October 1, 2010. [ citation needed ] Company renames Pro/ENGINEER to PTC Creo and promises the market product design software that is scalable, open, and easy to use. 2011 - Acquired 4CS for its warranty, service, support and service parts technology. Acquired MKS for its application lifecycle management technology for all software development processes. 2012 - Acquired Servigistics for its suite of service lifecycle management software. 2013 - Acquired NetIDEAS hosting vendor for more technology deployment options. Acquired Enigma for its ability to deliver technical content to aftermarket service environments. Acquired Internet of Things platform developer ThingWorx for its software applications that connect and track network-enabled products. 2014 - Acquired Axeda Corporation 2014 - Acquired ATEGO Software, a leader in MBSE (model-based systems engineering) tool used in aerospace, transportation, and automotive industries (such as Alstom Transport and Rolls-Royce Defence) 2016 - Paid $28 million to resolve probes by the U.S. Department of Justice and the Securities and Exchange Commission, alleging PTC subsidiaries paid over $1.5 million in bribes to Chinese government officials between 2006 and 2011.

2026 - Announced that Schneider Electric had agreed to buy PTC in an all-cash deal—valuing the company at $22.6 billion.