PTC (Nasdaq: PMTC), The Product Development Company®, today announced that it has been ranked top performer in several key categories within the PLM industry in the recent "China Product Lifecycle Management (PLM) Report, April 2010" by leading management consulting and technology research firm, CIMdata, Inc. Based on rich data and in-depth analysis of the PLM market in China, PTC is recognized as the leading PLM, PDM and design-focused MCAD solution provider in China based on 2009 direct revenue. PTC was also identified as a leading provider of PLM solutions for the Aerospace & Defense and High-Tech industries.
The CIMdata report recognizes PTC as the top PLM supplier by direct revenue in China with its direct PLM revenues of $63million USD in 2009 and as the supplier with the largest share by revenue (27.4%) of the PDM market segment in 2009. Furthermore, in the design-focused MCAD segment, PTC is ranked No.1 with a 26.9% share by revenue for 2009.
"As evident by its number one direct revenue position in the China PLM market, PTC's strong showing in this critical region demonstrates and validates its core technologies," said Peter Bilello, CIMdata's Vice President. Mr. Bilello went on to state that "PTC is one of only a select few international PLM solution suppliers that have a well established China-based organization. This should continue to prove to be beneficial to PTC and its China-based customers for years to come."
CIMdata Director of Research Ken Amann stated, "PTC has been developing its business in China for many years and has one of the most widely used product suites. They are a leading supplier of solutions for the Aerospace and Defense and High-Tech industries in China, and are growing their business in Automotive and Industrial Equipment."
"We are glad to be recognized by CIMdata as China's leading PLM supplier," said Liu Tonglong, senior vice president, PTC, China, "PTC has consistently provided China customers with complete product lifecycle management solutions. We consider the ranking strong recognition of PTC's contribution to China's manufacturing industry and our China customers. PTC is committed to continuously developing our technology to help drive innovation in China's manufacturing industry."
The CIMdata report provides detailed information and in-depth analysis of China's "Mainstream PLM" market, which continues to outpace the growth of the global PLM market. CIMdata defines mainstream PLM as the subsectors of the PLM market that have traditionally been addressed by the major PLM solution suppliers. Some of these subsectors include collaborative Product Definition management (cPDm), mechanical computer aided design (CAD), engineering simulation and analysis, and digital manufacturing. The report additionally shares insight into trends and PLM market dynamics within the region along with the revenue performance of the leading PLM solution suppliers operating within China.
PTC (ptc.com) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations.
PTC’s revenues or market share in China in prior periods are not necessarily indicative of revenues or market share in future periods.
PTC, the PTC logo, and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and other countries.