István Ráth has over 20 years of experience in software engineering, with an academic background that includes international publications in leading conferences and journals, more than a decade of participation in EU research projects, As co-founder and CEO of IncQuery Labs, he led the company for 8 years in the Model-Based Systems Engineering (MBSE) domain. Following the company’s successful acquisition, István is now Vice President at PTC, where he continues to drive innovation in model-based technologies.
PTC Welcomes IncQuery Labs
Back in April, PTC officially acquired IncQuery Labs, a pioneering Hungarian SME renowned for its cutting-edge contributions to Model-Based Systems Engineering (MBSE) and European R&D initiatives. We'd like to share more about what's next and the reasons we're so excited about IQL joining PTC.
IncQuery Labs, founded in Budapest, has a rich heritage as a trusted partner in mission- and safety-critical engineering domains, including the aerospace, automotive, and biomedical sectors. With deep expertise in engineering, MBSE, and toolchain architecture, and systems modeling, IncQuery has consistently pushed the boundaries of what’s possible in digital engineering. Their participation in high-impact European research projects and their role in shaping the future of industrial competitiveness have positioned IncQuery Labs as a key innovator worldwide. Now, as part of PTC, this legacy is set to reach new heights.
Transforming Budapest into a Global R&D&I Powerhouse
The integration of IncQuery Labs into PTC’s global ecosystem creates a critical mass of talent and expertise in Budapest that will drive research, development, and innovation for the global company. Key objectives of the acquisition include accelerating strategic projects within PTC, onboarding and retaining top-tier engineering talent—and coordinating thought leadership and high impact research initiatives. PTC is investing in the region’s talent—helping to foster an environment where top-tier engineers, researchers, and innovators can thrive.
This acquisition not only enhances capabilities in ALM and systems engineering but also reinforces the commitment to delivering holistic, future-ready solutions to customers worldwide.
Strengthening Industry, Academia, and Society
IncQuery Labs has long championed collaboration with academic institutions, including the Budapest University of Technology and Economics. While the name IncQuery will be going away, PTC will continue to nurture these relationships, supporting education, research, and the development of next-generation engineering talent.
We aim to build a stronger industry and society through constant innovation, knowledge sharing, and impactful partnerships. PTC’s vision is clear: empower engineers with the tools and insights they need to solve the world’s most complex challenges. From planes to medical devices to wind turbines to computers, PTC's unique portfolio of software solutions enables companies to transform how they design, make, and maintain their products.
Welcome to the future of digital engineering. Welcome to PTC.
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