PARAMUS, N.J. & LONDON & BANGALORE, India--(BUSINESS WIRE)--ITC Infotech, a leading global technology services and solutions provider, has been awarded the PTC Partner Network Award for FY25 in the Product Lifecycle Management (PLM) category. This prestigious recognition, awarded to a single partner globally, celebrates excellence in deploying Enterprise PLM software, enabling global and cross-functional teams to effectively manage product data and providing a trusted system for product information. ITC Inf ...

Key Takeaways PTC launches the Arena AI Engine to embed AI into core PLM and QMS processes.New AI features boost accuracy with file summaries, comparisons and improved SCI checks.Upgrades include a multilingual AI Assistant and enhanced component compliance monitoring.PTC Inc. ((PTC) recently launched the Arena PLM and QMS AI Engine, a cutting-edge solution designed to bring AI-powered intelligence directly into core product lifecycle and quality workflows. Built on Amazon Bedrock, this new capability aims ...

BOSTON, Dec. 9, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced the release of its Arena® product lifecycle management (PLM) and quality management system (QMS) AI Engine. Powered by Amazon Bedrock, Arena AI Engine functionality automates document review and comparison to enable teams to reduce errors, strengthen compliance, and work through file changes more quickly. "Our customers manage complex documentation and ongoing revisions that can slow work and increase risk," said David Katzman, Executive ...

Core Insights - Centric PLM™ has been recognized in Gartner's 2025 Market Guide for PLM in the Food and Beverage sector, highlighting its relevance and effectiveness in addressing industry-specific challenges [2][9] - The food and beverage industry faces increasing pressures related to management complexity, compliance, and supply chain stability, necessitating specialized PLM solutions [3][4] - Traditional PLM systems are inadequate for the unique demands of the fast-moving consumer goods sector, which requires agility, shorter time-to-market, and robust compliance tracking [9] Industry Challenges - Food manufacturers are under pressure to manage complex product data and ensure compliance with evolving regulations, which can lead to product recalls if not handled properly [4][11] - Many manufacturers still rely on disparate software applications to manage different aspects of the PLM value chain, leading to inefficiencies and increased error rates [9] Centric PLM Features - Centric PLM integrates and simplifies product data management, reducing errors and accelerating time-to-market for compliant products [5][11] - Key functionalities include specifications and formula management, version control, lifecycle workflow management, ingredient data management, and real-time supplier collaboration [10] - Advanced features such as AI-driven formula matching and seamless integration with ERP, LIMS, and MES systems enhance operational efficiency [10] Strategic Importance - The solution enables brands and manufacturers to create a unified digital platform for centralized product data management, facilitating cross-team collaboration and real-time visibility [11] - Centric Software's CEO emphasizes the importance of Centric PLM in helping companies navigate product complexity and regulatory challenges through digital transformation and innovation [11]

Core Insights - PTC has announced the acquisition of IncQuery Group, which specializes in application lifecycle management (ALM) and systems engineering consultancy services for global manufacturers and product companies [1][2] - The acquisition aims to enhance PTC's capabilities in ALM, systems engineering, and product lifecycle management (PLM), thereby improving support for customers in these areas [1][2] Company Overview - PTC is a global software company headquartered in Boston, Massachusetts, employing over 7,000 people and serving more than 30,000 customers worldwide [3] - The company focuses on enabling manufacturers and product companies to digitally transform their design, manufacturing, and service processes for physical products [3] Strategic Importance - The acquisition is positioned as a strategic move to accelerate PTC's ALM and PLM portfolio integrations, addressing customer needs for faster and higher-quality product development while meeting regulatory and sustainability requirements [2] - Both PTC and IncQuery Group share a commitment to transforming digital engineering and product development processes, which is expected to enhance PTC's engineering and product development portfolio [2]

Core Insights - PTC Inc is showcasing its latest innovation, Windchill AI, at Hannover Messe 2025, enhancing its position in AI-powered product lifecycle management (PLM) [1] - The event highlights how agentic AI technologies are transforming the product digital thread across various stages of product development [2] Product Innovations - Windchill AI serves as an AI-powered assistant that utilizes extensive product data from PTC's Windchill PLM solution, improving access to information and decision-making efficiency [1] - A notable feature of Windchill AI is the Document Vault AI agent, which extracts essential product-related information from documents, aiding in quality assurance and comparative analysis [3] Strategic Partnerships - PTC is collaborating with Microsoft to demonstrate generative design capabilities within its Creo CAD software, focusing on AI-infused digital thread use cases [4] - In partnership with Dell and Accenture, PTC will showcase its Digital Performance Management solution to help manufacturers identify and eliminate production bottlenecks [5] - PTC's collaboration with Amazon Web Services aims to enhance its Onshape solution, focusing on improving features and increasing customer adoption [9] Market Position and Growth Potential - PTC's solutions are positioned to optimize product design, development, and maintenance, with strong business momentum expected to boost investor confidence [6] - The company is undergoing a strategic realignment to better align its go-to-market organization with key vertical industries, which is anticipated to drive long-term growth [7] - Despite facing forex headwinds and challenging sales conditions, PTC's revised sales forecast for 2025 is between $2,430 million and $2,530 million, down from a previous estimate of $2,505 million to $2,605 million [9]