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Software and services company, PTC Inc (NASDAQ: PTC), has said it is expanding its Software as a Service (SaaS) abilities with the Vuforia Expert Capture and Creo Generative Design Extension (GDX) offerings to the existing Onshape offering on the PTC Atlas SaaS platform.
PTC will provide Vuforia users with a strong set of abilities required to scale deployments in the enterprise that would have taken years to deliver without Atlas, PTC EVP Mike Campbell said.
The seamless integration between GDX on Atlas and the Creo CAD environment offered PTC customers unmatched access to the elastic compute resources needed for AI-driven generative design, PTC VP Brian Thompson said.
Price action: PTC shares traded higher by 0.2% at $142.47 on the last check Wednesday.
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