Coray Thibaut de Maisieres leads the Analyst Relations team within PTC’s Corporate Communications organization . Please contact her for additional information about this report.
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Nucleus has identified 10 standout companies for 2024 that exhibit strong market performance and innovative product developments in their respective spaces.
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Featured organizations were evaluated based on their capacity to uphold competitive positioning and execute strategic plans that add value to customers.
We are pleased to announce that Nucleus Research named PTC a “Hot Company to Watch” in 2024. In identifying the hot companies, Nucleus considered each vendor’s current market position and their potential for impressive growth. The firm justified inclusion based on the vendor’s momentum in earning recent success, even despite economic uncertainty.
Nucleus Research recognizes PTC for its ability to demonstrate significant momentum through smart acquisitions that support a corporate-wide digital thread execution strategy. The announcement references the company’s most recent acquisitions of ServiceMax, which extended the company’s SLM solutions suite, and pure::systems, which extended the company’s ALM solution suite.
The award also highlights three strategic initiatives that bring PTC to the forefront of innovation. First, PTC’s closed-loop, model-based digital thread strategy for data traceability across the enterprise. Second, PTC’s SaaS transition through its “+” strategy. Third, customer testimonials speak to PTC’s ability to implement cutting-edge technologies in support of digital transformation at the enterprise level.
“We are honored that PTC is recognized by Nucleus Research as a “Hot Company to Watch” in 2024," said Catherine Kniker, PTC's EVP and Chief Strategy and Marketing Officer. "Our entire strategy helps leading manufacturers usher in a new era of digital transformation. We are helping them move with greater speed and agility, to create a digital thread across the full product lifecycle so they can be more efficient, sustainable, and compliant, and to tackle the ultimate transformation by moving to SaaS.”
Jeff Adams, authoring analyst at Nucleus Research, writes, “PTC has demonstrated significant momentum through strategic acquisitions. The $1.46 billion acquisition of ServiceMax significantly expands PTC's role in product lifecycle operations, enhancing customer returns through integrated Field Service Management (FSM) data in PLM solutions. Additionally, acquiring pure::systems, a key player in product and software variant management, further strengthens PTC's market position. These acquisitions contribute to a closed-loop model-based digital thread strategy across operations, enhancing customer experience, facilitating new products and business models, and boosting productivity.”
About Nucleus Research
Nucleus Research is the recognized global leader in ROI technology research. Using a case-based approach, we provide research streams and advisory services that allow vendors and end users to quantify and maximize the return from their technology investments. For more information, visit NucleusResearch.com or follow our latest updates on LinkedIn.
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