PTC has been making some very significant moves in the CAD/CAE software arena. First by partnering with Materialiseand later by acquiring generative CAE tool developer Frustum. This acquisition is the logical next step in PTC’s overall evolution to a recurring revenue business model, the very first step of which was the company’s successful transition to subscription licensing, completed in January 2019. The SaaS model, while nascent in the CAD and PLM market, is rapidly becoming industry best practice across most other software domains. The moves are quite logical as other CAD software companies such as Autodesk, Dassault Systemes and Ansys are experiencing very strong momentum.
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