Investments
4Portfolio Exits
2Partners & Customers
10Service Providers
3About Parametric Technology
Parametric Technology (PTC) (NASDAQ: PTC) is a software company. It offers Codebeamer, an application lifecycle management (ALM) platform for product and software development, Onshape, a cloud-native product development platform, and more. It serves industries such as automotive, aerospace, retail, and more. The company was founded in 1985 and is based in Boston, Massachusetts.
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Expert Collections containing Parametric Technology
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Research containing Parametric Technology
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CB Insights Intelligence Analysts have mentioned Parametric Technology in 4 CB Insights research briefs, most recently on Feb 14, 2023.
Latest Parametric Technology News
Jan 26, 2012
Investment analysts at Brigantine boosted their price target on shares of Parametric (NASDAQ: PMTC) from $25.00 to $27.00 in a note issued to investors on Thursday. They currently have a “buy” rating on the company’s shares. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Parametric to $23.00 in a research note to investors on Thursday, January 19th. They now have a “buy” rating on the stock. Analysts at Zacks Investment Research downgraded shares of Parametric from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 28th. Also, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Parametric in a research note to investors on Tuesday, December 6th. They set an “overweight” rating and a $24.00 price target on the stock. Parametric Technology Corporation (PTC) develops, markets and supports product lifecycle management software solutions and related services that help companies design products, manage product information and improve their product development processes. It operates in two segments: Software Products, which includes license and related maintenance services revenue, including new releases and technical support for all its products except training-related products, and Services, which includes consulting, implementation, training, computer-based training products, including related maintenance services, and other support revenue. It generates revenue through the sale of software licenses, maintenance services, which include technical support and software updates, and consulting and training services, which include implementation services for its software. During the fiscal year ended September 30, 2010 (fiscal 2010), it completed the acquisition of Relex Software Corporation. Shares of Parametric opened at 21.57 on Thursday. Parametric has a one year low of $14.25 and a one year high of $24.61. The stock’s 50-day moving average is $19.47 and its 200-day moving average is $18.95. The company has a market cap of $2.520 billion and a P/E ratio of 30.38. This article (Parametric (PMTC) Shares Given New $27.00 Price Target by Analyst at Brigantine) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
Parametric Technology Investments
4 Investments
Parametric Technology has made 4 investments. Their latest investment was in Mojo Vision as part of their Unattributed VC - V on January 1, 2022.
Parametric Technology Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
1/4/2022 | Unattributed VC - V | Mojo Vision | $45M | Yes | 11 | |
6/12/2019 | Corporate Minority | |||||
8/26/2015 | Series F | |||||
12/31/2002 | Series A |
Date | 1/4/2022 | 6/12/2019 | 8/26/2015 | 12/31/2002 |
|---|---|---|---|---|
Round | Unattributed VC - V | Corporate Minority | Series F | Series A |
Company | Mojo Vision | |||
Amount | $45M | |||
New? | Yes | |||
Co-Investors | ||||
Sources | 11 |
Parametric Technology Portfolio Exits
2 Portfolio Exits
Parametric Technology has 2 portfolio exits. Their latest portfolio exit was Matterport on July 22, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/22/2021 | Reverse Merger | 9 | |||
Date | 7/22/2021 | |
|---|---|---|
Exit | Reverse Merger | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 9 |
Parametric Technology Acquisitions
27 Acquisitions
Parametric Technology acquired 27 companies. Their latest acquisition was ServiceMax on November 17, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/17/2022 | Private Equity | $286M | Acquired - II | 30 | ||
9/5/2022 | Acquired | 2 | ||||
4/20/2022 | Acquired | 3 | ||||
2/8/2022 | Other | |||||
12/14/2020 | Growth Equity |
Date | 11/17/2022 | 9/5/2022 | 4/20/2022 | 2/8/2022 | 12/14/2020 |
|---|---|---|---|---|---|
Investment Stage | Private Equity | Other | Growth Equity | ||
Companies | |||||
Valuation | |||||
Total Funding | $286M | ||||
Note | Acquired - II | Acquired | Acquired | ||
Sources | 30 | 2 | 3 |
Parametric Technology Partners & Customers
10 Partners and customers
Parametric Technology has 10 strategic partners and customers. Parametric Technology recently partnered with CoLab on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/19/2023 | Partner | Canada | CoLab Joins PTC’s Partner Advantage Program ST. JOHN 'S , Newfoundland and Labrador -- CoLab Software is pleased to announce a new partnership with PTC through their Partner Advantage Program . | 3 | |
6/22/2023 | Partner | India | Joint event at Paris Air show will provide view of digital transformation opportunities for end customers using PTC Inc. 's ThingWorx and LTTS ' Digital Engineering capabilities Bangalore , Karnataka , India & PARIS , France -- Business Wire India L&T Technology Services Limited , India 's leading pure-play engineering services company , today announced an extension of its relationship with PTC Inc. to engineer future ready solutions for the aerospace , defense and transportation sectors . | 5 | |
6/10/2023 | Distributor | United States | PTC, Rockwell Automation extend partnership to advance IoT and AR in manufacturing PTC , Rockwell Automation extend partnership to advance IoT and AR in manufacturing | 1 | |
5/16/2023 | Partner | ||||
5/10/2023 | Partner |
Date | 7/19/2023 | 6/22/2023 | 6/10/2023 | 5/16/2023 | 5/10/2023 |
|---|---|---|---|---|---|
Type | Partner | Partner | Distributor | Partner | Partner |
Business Partner | |||||
Country | Canada | India | United States | ||
News Snippet | CoLab Joins PTC’s Partner Advantage Program ST. JOHN 'S , Newfoundland and Labrador -- CoLab Software is pleased to announce a new partnership with PTC through their Partner Advantage Program . | Joint event at Paris Air show will provide view of digital transformation opportunities for end customers using PTC Inc. 's ThingWorx and LTTS ' Digital Engineering capabilities Bangalore , Karnataka , India & PARIS , France -- Business Wire India L&T Technology Services Limited , India 's leading pure-play engineering services company , today announced an extension of its relationship with PTC Inc. to engineer future ready solutions for the aerospace , defense and transportation sectors . | PTC, Rockwell Automation extend partnership to advance IoT and AR in manufacturing PTC , Rockwell Automation extend partnership to advance IoT and AR in manufacturing | ||
Sources | 3 | 5 | 1 |
Parametric Technology Service Providers
3 Service Providers
Parametric Technology has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acquired | Management Consultants | Financial Advisor | |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Acquired | ||
Provider Type | Management Consultants | ||
Service Type | Financial Advisor |
Partnership data by VentureSource
Parametric Technology Team
74 Team Members
Parametric Technology has 74 team members, including current Chief Executive Officer, James Heppelmann.
Name | Work History | Title | Status |
|---|---|---|---|
James Heppelmann | Chief Executive Officer | Current | |
Name | James Heppelmann | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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