NEEDHAM, Mass. – November 13, 2017 – PTC (NASDAQ: PTC) today announced that its partner program continues to show momentum, with more than half of partners experiencing double-digit growth in the last year. Over the past three years, the number of PTC partners has grown by 45 percent, today totaling approximately 1,150 companies worldwide.
PTC partners, consisting of technology providers, solution providers, and system integrators, possess deep understanding of their respective markets, sales proficiencies, technology expertise, and customer relationships. PTC’s Partner Network provides a broad and capable ecosystem of complementary technologies, solutions, and services that help with design, development, implementation, and the ability to improve time to production, enabling acceleration of customers’ time to value.
“As EAC transforms its business, PTC’s Partner Network Program makes it easy for us as a solution provider to expand the way we engage with PTC; and at the same time, do it with the one partner manager we have come to know and trust,” said Abe Taylor, vice president of sales, EAC Product Development Solutions (EAC).
“PTC’s Partner Network strategy is the foundation to building a partner ecosystem. They make it easier for partners to innovate and collaborate,” said Ian Fountain, director of marketing, Industrial IoT, National Instruments.
To further support growth, PTC recently launched its redesigned partner program, PTC Partner Network, to enable partners to innovate, collaborate, and capitalize on the significant market opportunity created by the Industrial Internet of Things (IoT) and augmented reality (AR). Companies in the PTC Partner Network are able to:
Choose one or many flexible engagement models that are right for their business
Utilize program tools and resources to get going quickly
Engage with PTC’s extensive team of experts
Develop and promote applications, products, and solutions to the market on the leading ThingWorx Marketplace
“We are committing to increase our focus and investment in our partners, who are already seeing the benefits to partnering with one of the leading IoT and AR companies in the industry,” said Kerry Grimes, divisional vice president, PTC Partner Network. “We are making it even easier for partners to add new technologies and expertise to their businesses, and look forward to working with them to support customers and grow their businesses.”
Partners of all types are an important component of PTC’s revenue and customer success strategy. Due to increased investment in the PTC Partner Network program, partners contributed over 30 percent of total PTC bookings in fiscal year 2017.
For more information or to join the PTC Partner Network, please visit http://www.ptc.com/en/partners.
Statements in this press release about the expansion of PTC’s partner program, the effect of PTC’s investment in its partner program, and the ability of PTC partners to expand their businesses and capitalize on the opportunity created by the IoT and AR and increase sales of PTC products and services are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: PTC’s investments in its partner program may not generate the revenue we expect, partners may be unable to expand their businesses or capitalize on the IoT and AR opportunities as we expect, and PTC partner customers may not purchase PTC solutions when or as we expect.
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.
PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.