Founded in 1985, Parametric Technology Corporation (PTC) develops, markets, and supports product lifecycle management (PLM) software solutions and offers related services designed to help discrete manufacturers meet the globalization, time-to-market, and operational efficiency objectives of product development. The solutions also help companies comply with industry regulations.
The company's computer-aided design (CAD), content, and process management solutions are used by over 50,000 customers in the industrial, high-tech, aerospace and defense, automotive, consumer, and medical industries.
PTC acquired Servigistics, Inc. in October 2012. The SLM solution provides end-to-end capabilities with mobility for planned and reactive service scheduling and dispatch. The solution integrates with PTC's Service Lifecycle Management solutions to coordinate necessary resources which include service parts management and pricing, service knowledge and technical information, service network, service depot and warranty, and contract management. Its scheduling application ensures that available field workers with the right skill set as well as the appropriate part are delivered to customers at the right time and in compliance with SLAs. The company delivers its field service solution to global capital goods manufacturers, service providers, and equipment operators. The solution can be deployed both on premise and as a hosted service.