VARINDIA IT MAGAZINE

PTC and Tech Mahindra have announced the opening of an Industrial Internet of Things (IoT) Center of Excellence at Tech Mahindra’s campus in Bangalore, India.  Tech Mahindra chose to partner with PTC as the primary technology provider because of the breadth of the ThingWorx platform and the longstanding success of PTC solutions offerings, including computer-aided design (CAD) and product lifecycle management (PLM).  As a system integrator partner with PTC, Tech Mahindra is trained to both develop solutions and implement solutions based on PTC technology. While located in India, the facility is expected to draw a global customer base.... Read More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has announced the findings of new research from Tech-Clarity. The study, Developing Software-Intensive Products, showed that the majority of respondents significantly increased the amount of software, the importance of software and the innovation driven by software in their products over the last five years with nearly seventy five percent of the respondents planning to increase these efforts further over the next five years. Jim Brown, President, Tech-Clarity said, "This survey indicates a noteworthy trend in that companies have significantly increased the use of software in their products across all manufacturing industries, in both large and small companies. The biggest increases in both the amount of software and the level of innovation driven by that software were found in automotive and high-tech industries. Another interesting discovery was that medical device manufacturers have increased the ratio of software engineers mor...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has announced that Mitsubishi Aircraft Corporation has selected PTC as its strategic partner for developing a reliability and maintainability management platform for its Mitsubishi Regional Jet (MRJ) next-generation aircraft program. Jim Heppelmann, President & CEO, PTC said, "Today, PTC is proud to have achieved preferred partner status with some of the biggest and most innovative brands in the aerospace and defense industry. With its next-generation MRJ, Mitsubishi Aircraft is challenging the status quo of the regional jet market. We are confident that together we can help the MRJ meet the company's high standards for quality, meet the industry's requirements for safety, and meet their future customers' need for reliability." For More Details See www.varindia.com

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has reported results for its first fiscal quarter ended December 31, 2011. PTC also announced an organizational realignment and restructuring to drive long-term growth and enhanced profitability. The Q1 non-GAAP revenue results exclude a $1.5 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of MKS Inc. The Q1 non-GAAP EPS results also exclude $13.4 million of stock-based compensation expense, $9.3 million of acquisition-related intangible asset amortization, $2.1 million of acquisition-related expense, $0.8 million in other expense and $6.7 million of income tax adjustments. The Q1 non-GAAP EPS results include a tax rate of 25% and 121 million diluted shares outstanding. The Q1 GAAP EPS results include a tax rate of 26% and 121 million diluted shares outstanding. James Heppelmann, President & CEO said, "PTC had a good start to FY'12, with Q1 non-GAAP revenue at the high en...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has announced its continued support of FIRST (For Inspiration and Recognition of Science and Technology) and the FIRST Robotics Competition (FRC) answering the call to promote science, technology, engineering, and math (STEM) educational opportunities. PTC will sponsor over 85 FRC teams, 23 FIRST Tech Challenge (FTC) teams, and 14 FIRST LEGO League teams during the current 2011-2012 season building on previous years of support. Jon Dudas, President, FIRST said, "PTC is a fantastic Strategic Partner of FIRST. As a company, they are fully committed to the values of FIRST and share our goal of helping students develop skills to become tomorrow’s innovators and engineers. PTC provides the same CAD and Collaboration software for students used by more than 27,000 global manufacturing companies, allowing students to develop the engineering skills that are in high demand." FIRST has designed accessible, innovative, mentor-based STEM pro...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has announced its partnership with Qimpro Consultants Private Limited. PTC has said to be designated Qimpro as its authorized reseller for Windchill Quality Solutions and is in the process of signing the agreement for Authorized Training Partnership. Through this association, PTC is believed to offer Windchill Quality Solution to Qimpro's clients to empower them with modern quality management and cross-functional visibility into product information. Rafiq Somani, Area Vice President and Country Manager, PTC said, "We are pleased to partner with Qimpro to expand our footprint in the strategic production and quality management process. Windchill enables users to streamline processes and product quality management and improvement, by preventing repetitive errors and building reliability and risk management into the product development lifecycle, across cross functional teams. Our partnership with Qimpro reemphasizes our commitment ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has reported results for its fourth fiscal quarter and year ended September 30, 2011. The Q4 non-GAAP revenue results exclude a $1.9 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of MKS Inc. The Q4 non-GAAP EPS results exclude $12.9 million of stock-based compensation expense, $10.2 million of acquisition-related intangible asset amortization, $1.1 million of acquisition-related expense and $7.7 million of income tax adjustments. The Q4 non-GAAP EPS results include a tax rate of 24% and 120 million diluted shares outstanding. The Q4 GAAP EPS results include a tax rate of 21% and 120 million diluted shares outstanding. James Heppelmann, President & CEO, said, "PTC had a very strong finish to FY'11, with record Q4 non-GAAP revenue and non-GAAP EPS both exceeding the high-end of our guidance range. Our licence revenue of $111.0 million was up 25% on a year-over-year basis, ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has acquired 4CS Solutions. The acquisition broadens PTC's portfolio of solutions for product support and service organizations, and supports PTC's vision for solutions that span both product and service lifecycles. 4CS was privately-held and terms of the deal were not immediately disclosed. Joe Barkai, Practice Director, Product Lifecycle Strategies, IDC Manufacturing Insights said, "OEMs are increasingly recognizing the revenue and profit opportunity in managing effective service operations. Moreover, they realize the broad value of maintaining an insight into the operation of the equipment they sell throughout its useful life. By collecting and sharing warranty data and other product support history across the enterprise, an OEM can close the loop between service and engineering. This not only increases service profitability, but also leads to better products and higher total customer satisfaction." Jim Heppelmann, Pr...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has announced the availability of Creo 1.0 and delivery of the first set of Creo apps. The release of Creo marks another industry first for PTC, whose tradition of technology innovation began with the introduction of the industry' first 3D parametric modelling software. The Creo breakthrough technology enables enterprise-wide participation in the product design process to unlock potential for creativity, teamwork, efficiency and value. "Since we unveiled our Creo product strategy last October, we have seen incredible customer interest in Creo," said James Heppelmann, PTC's President & CEO. "Based on the reaction of the marketplace, we believe that Creo has the potential to deliver the renaissance in CAD innovation that we had predicted at the launch." Creo is designed to solve the unaddressed problems remaining in the mechanical CAD market: usability, interoperability, assembly management and technology l...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has selected ITC Infotech as a Strategic Services Partner (SSP) for PTC's enterprise business market in India. Rafiq Somani, Area Vice President, PTC said, "ITC Infotech has been delivering end-to-end IT solutions and services across industry verticals with world-class technology and state-of-the-art infrastructure. With a proven track record of sales, service and support, ITC Infotech was a partner of choice to help PTC expand their service and solution arm in India." Speaking on the partnership, Ashwani Maheshwari, CEO, India and APAC business said, "With this strategic partnership, we look forward to leveraging emerging market opportunities. Companies are increasingly seeking ways to achieve efficient product realization, and together with PTC, we can add significant value with our end-to-end capabilities." He further added, "Over the years, we have established a close working relationship with PTC. We ha...