PTC, based in the United States, is a global leader in technology solutions that enable organizations to digitally transform their operations. Founded in 1985, PTC has its headquarters in Boston, Massachusetts. The company initially focused on developing computer-aided design (CAD) software, but has since expanded its offerings to include a wide range of solutions across various industries.

PTC's main products and services revolve around its flagship software platform, known as the PTC Creo Suite, which provides robust CAD, product lifecycle management (PLM), and Internet of Things (IoT) capabilities. This suite enables companies to design, analyze, and optimize their products, streamline production processes, and connect physical products to the digital world through IoT technologies. On a global scale, PTC has a strong presence with subsidiaries, joint ventures, and partnerships.

Noteworthy subsidiaries include ThingWorx, a platform for developing and deploying IoT applications, and Onshape, a cloud-native CAD software provider. PTC also has joint ventures with Rockwell Automation and Hewlett Packard Enterprise to further strengthen its IoT and digital transformation offerings. In terms of market position, PTC is recognized as a leading player in the CAD and PLM software market.

The company's global sales have steadily grown, driven by its strong product portfolio and focus on digital transformation. PTC faces competition from other major CAD and PLM software providers, including Autodesk and Siemens. PTC has achieved several significant milestones in recent years.

In 2019, the company acquired Onshape, expanding its cloud-based design capabilities. This move enhanced PTC's ability to offer customers a flexible and collaborative CAD solution. Additionally, PTC has been recognized by industry analysts for its innovation, receiving awards for its IoT and AR (augmented reality) technologies.

As of the latest information available, PTC continues to evolve its product lineup and strategy to address the growing needs of customers in the digital era. The company remains committed to driving innovation and helping organizations harness the power of digital transformation to stay competitive in their respective industries