CIMdata PLM Industry Summary Online Archive
Month, 1 2008
CIMdata News
CIMdata in the News: “PTC Invests in Itself”
1 December 2008
In the Managing Automation article “PTC Invests in Itself” Diane Himes discusses PTC’s expansion of its share repurchase program and other investment initiatives. For the article Ms Himes contacted CIMdata’s Ken Amann who provided this insight:
Commenting on PTC’s bullish position, Ken Amann, director of research at PLM analyst firm CIMdata Inc., told Managing Automation that while PLM providers in general are benefiting from manufacturers’ continued investment in PLM technology, PTC in particular keeps customers happy by consistently improving its product mix and depth and breadth of functionality.
“New capabilities they’ve rolled out over the past year have been well received, and they continue to develop their ability to compete for large enterprise engagements with companies like Siemens,” he said.
Amann expects that manufacturers will continue to invest in PLM throughout 2009, although potentially at a slower rate than they have this year. However the economy shakes out, he said, PTC will remain competitive. He predicts that the company will make two or three acquisitions in 2009 in order to continue to build its technological capabilities and broaden its footprint.
“There are certain areas they might consider investing in, including publishing, simulation and analysis, and digital manufacturing,” Amann said.
The full article is available at PTC Invests in Itself (Managing Automation, December 1, 2008)
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