PTC was founded in 1985, by Samuel Peisakhovich Geisberg, who previously worked at Prime Computer, Computervision (CV) and Applicon. Pro/ENGINEER (a.k.a. Pro/E), the company’s first product, shipped in 1988.
John Deere became PTC’s first customer.
Once an initial version of Pro/ENGINEER was developed, the company received venture capital funding from Charles River Associates and Steve Walske became the CEO. Pro/ENGINEER was the first commercially successful parametric feature based solid modeler. Through a combination of innovative technology, and no-holds-barred sales tactics, PTC quickly became a major force in the CAD industry. Its strong ascent continued unabated until the mid-1990s, when the introduction of Microsoft Windows NT, and the availability of commercial geometric modeling libraries opened the door to a new generation of low-cost competitors and PTC’s reputation for overly aggressive sales tactics alienated many of its customers.
These competitors, symbolized by Solidworks, squeezed PTC from the bottom, while more established companies like Unigraphics and IBM held the ‘high ground’ in automotive and aerospace industries. PTC’s sales began a multi-year decline from which it took years to recover. It took a new CAD product (Pro/ENGINEER Wildfire) and an expanded product line, but PTC has been able to transform itself over the past 10 years into the third largest provider of Product Lifecycle Management software .
On December 29, 2006 Standard & Poor’s bumped PTC off its S&P 500 Index, and replaced it instead with the newly spun-off natural gas company Spectra Energy Corp. (NYSE: SE). Parametric then bumped Pier 1 Imports Inc. (NYSE: PIR), a retailer of home furnishings, down one spot and off the bottom of the S&P MidCap 400 IndexIn 2008, PTC once again achieved revenues of over $1 billion something it had not been able to accomplish since 1999.
The name changed to Creo 1.0 after Pro/Engineer Wildfire 5.0 (rebranded PTC Creo Elements/Pro), took place on October 28, 2010, which coincided with PTC’s announcement of Creo, a new design software application suite. For the first 10 years, PTC generally released 2 versions per year, with some exceptions.
The History of Creo Creo is simply the latest version of Pro/E. Back in 2011, Pro/E was relaunched as a suite of applications and renamed “PTC Creo.” Since then, Creo has had four major upgrades, with the latest, Creo 5.0, having launched in March 2018.
Creo, the shorthand name for Creo Parametric, (formerly known as Pro Engineer) is a powerful and intuitive 3D CAD software optimized to address the challenges organizations face as they design, analyze, and share information with downstream partners.
Integration and Compatibility: Creo Wins CATIA plays well with other Dassault tools but sharing files with outside systems is clunky at best. Similarly, Creo integrates seamlessly with other PTC tools but also includes Unite Technology, a built-in integration and file sharing solution.
AutoCAD has a full suite of 2D and 3D modeling capabilities. … Both Creo and AutoCAD have strong 3D modeling features, however, Creo comes out ahead with more extensive functionality extensions and product strategy tools.
ProE and SolidWorks are two of the most popular 3D modeling applications used in the industry today. Both have very similar tools and use the same tools in slightly different ways to create 3D models. ProEngineer was created prior to SolidWorks and was pioneering in the range of tools it brought.
When it comes to 3D CAD modeling, both Creo and NX have some of the most advanced tools on the market compared to the competition. Unlike other options, they have both direct and parametric modeling capabilities. … Creo and NX both offer comprehensive 3D CAD modeling capabilities – but Creo’s tools are easier to use.
Pro/ENGINEER is a computer graphics system for modeling various mechanical designs and for performing related design and manufacturing operations.
The system uses a 3D solid modeling system as the core, and applies the feature-based, parametric modeling method.
In short, Pro/ENGINEER is a feature-based, parametric solid modeling system with many extended design and manufacturing applications.
PTC says Creo is its response to the “lingering, unaddressed problems that have plagued CAD for decades.” As articulated by new PTC CEO James Heppelmann, those problems are usability, interoperability, assembly management, and technology lock-in. The suite of Creo applications are meant to be tools that solve these problems by providing a set of application-specific tools for all stages of product development, using a common data model and managed by PTC’s existing—and increasingly popular—Windchill data management platform.
PTC is counting on Creo to be the rebirth of Pro/E that propels the company forward for the next 20 years. Advancements in technology will be tailored to serve the reality of product development business processes, instead of today’s approach of offering one CAD tool and hoping everyone will use it no matter their role. Such an approach from the largest CAD/PLM vendors has given many smaller companies the opportunities they needed to succeed. More than once during the Creo launch, company executives made reference to such products as Rhino 3D and Autodesk Alias Studio.
Several CAD/PLM analysts were given previews of the technology before the product launch. One was Sanjeev Pal, research manager at IDC: “Historically companies have made significant investments in CAD applications that bind them into inflexible business processes and design practices dictated by the specific visual authoring or simulation application that they pick. PTC’s game-changing vision to release a highly flexible CAD application in a new code base, while sticking to existing file formats under the Creo portfolio, is expected to rejuvenate the mature CAD market and open up a path for non-PTC CAD users to move easily on a flexible visual design platform.”
Pro/ENGINEER is a computer graphics system for modeling various mechanical designs and for performing related design and manufacturing operations.
The system uses a 3D solid modeling system as the
core, and applies the feature-based, parametric modeling method.
In short, Pro/ENGINEER is a feature-based, parametric solid modeling system with many extended design and manufacturing applications.
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