Home Press release PTC Announces PTC AgileWorx to Accelerate Product Development Success

PTC Announces PTC AgileWorx to Accelerate Product Development Success

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Offers Industry’s First Agile Software Solution for Product Teams

NEEDHAM, Mass. – LiveWorx 2016 – June 8, 2016 –– PTC (NASDAQ: PTC) today announced at LiveWorx® 2016 the launch of its PTC AgileWorx™ solution, the industry’s first Agile solution designed to help product engineering teams improve innovation and time-to-market.

Today’s smart, connected products are transforming how companies create and capture value. The speed with which organizations respond to these opportunities will increasingly determine their ability to outperform in the marketplace. Companies who successfully deploy agile practices can accelerate their innovation by up to 80%.[1]  Yet many organizations struggle to apply Agile principles to the realm of product engineering. Product engineering teams must collaborate with diverse teams of specialists, safeguard product quality and safety, and manage product lines over decades.

PTC AgileWorx is specifically designed to meet the unique needs of manufacturers building complex and smart, connected products. It provides a central hub where engineering teams can visualize work in progress, prioritize activities, identify dependencies and remove impediments.

“Agility is the optimized response to change,” said Roque Martin, senior vice president and general manager of PTC’s Application Lifecycle Management segment. “How well manufacturers can adapt will determine their ability to win. We created PTC AgileWorx to give customers the competitive edge needed to accelerate their Agile engineering journey.”

“Agile practices have revolutionized enterprise IT. The challenge for engineering industries is to bring their engineers to speed with this transformation,” said Michael Azoff, principle analyst, Ovum. “With its flexible support for teams that need to bridge different Agile sprints, Ovum is impressed with PTC’s vision for agile in engineering and AgileWorx is an excellent tool for multi-disciplined engineering teams.”

PTC AgileWorx enables manufacturers to respond faster to feedback from customers and other market disruptors. It helps product development organizations:

  • Unify the cross-discipline team – provides visibility into team activities and links to CAD, ALM and PLM systems of record for more informed decision-making.
  • Safeguard quality and safety – enables teams to leverage and extend their existing quality and compliance frameworks.
  • Organize for product variants – supports component-based development and product line engineering to maximize reuse and reduce cost.
  • Connect to real world insight – supports the integration of IoT and other data streams into core product development feedback loops.

“PTC’s long-standing leadership providing ALM, PLM and CAD solutions — now also extended to the IoT — makes it well suited to help clients chart their Agile engineering journey,” said Chris Rommel, executive vice president of IoT & Embedded Technology at VDC Research.

To sign up for a 15-day free trial of PTC AgileWorx, please visit ptc.com/agileworx.

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About PTC

PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.

PTC, the PTC logo, PTC AgileWorx and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

Lydia Mageean Lydia Mageean has been part of the WhichPLM team for over six years now. She has a creative and media background, and is responsible for maintaining and updating our website content, liaising with advertisers, working on special projects like the Annual Review, and more.Joining mid-2013 as our Online Editor, she has since become WhichPLM’s Editor. In addition to taking on writing and interviewing responsibilities, Lydia has also become the primary point of contact for news, events, features and other aspects of our ever-growing online content library and tools.