PTC Earns Leadership Placement in Omdia’s 2024 Regulated Software Lifecycle Management Assessment

• PTC named a Leader in Omdia’s 2024 Regulated Software Lifecycle Management Assessment
• PTC's ALM business portfolio, comprised of Codebeamer, Modeler, pure::variants, and RV&S, earned the highest score in the Capability category
• PTC is distinguished among the seven participating vendors as the provider capable of best supporting end users with comprehensive ALM technology and capabilities

We are thrilled to announce that PTC was named a Leader in Omdia’s 2024 Regulated Software Lifecycle Management Assessment.

PTC’s ALM portfolio, inclusive of Codebeamer, PTC Modeler, pure::variants, and PTC RV&S, was recognized as the top provider of technical capabilities, earning the highest score in Omdia’s Solution Capability assessment category. The report distinguishes PTC as the top ALM solution provider, surpassing competitors such as Siemens, IBM, and OpenText.

PTC consistently outpaces the market by expanding its loyal installation base and showcasing a strategic vision that exemplifies the company's unwavering commitment to ALM product innovation and customer excellence.

Christoph Braeuchle, General Manager of ALM, shared his reaction: “Our organization is thrilled about our hard-earned Leadership placement in Omdia’s 2024 report. This is the first major competitive ALM-focused assessment in years – and PTC stands out as the top vendor for solution capabilities – demonstrating our clear ability to best serve ALM end users and capture tangible results that impact their businesses. It's an honor to be trusted by leading innovators to facilitate collaboration in new product development and introduction. ALM is a growing business at PTC – our team is poised to keep supporting customers in bringing quality products to market.”

Michael Azoff, the authoring analyst of Omdia’s report, notes that, “For the major engineering manufacturers that have a need for ALM, PLM, PLE, and MBSE, PTC is unique to Omdia’s knowledge in being able to offer such a portfolio. Omdia has rated PTC as a leader in the RSLM market, and we believe on this strength and the strength of its portfolio, that it will be an outperformer in the market for software-defined product development.”

About PTC

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 25,000 customers globally. For more information, please visit www.ptc.com.

About Omdia

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.