PTC and ITC Infotech ink deal to boost customer digital transformation initiative
ITC Infotech and PTC have signed an agreement to accelerate customer digital transformation initiatives. ITC Infotech said it would acquire a portion of PTC’s Windchill® Product Lifecycle Management (PLM) Software as a Service (SaaS) and create a new business unit of ITC Infotech called DxP Services.
ITC Infotech is among the leading global technology services and solutions providers. ITC Infotech delivers tech solutions and services to enterprises such as Banking & Financial Services, Healthcare, Manufacturing, Consumer Goods, Travel, and Hospitality.
PTC said it is investing heavily to bring its entire product portfolio to the cloud via its PTC Atlas™ SaaS Platform to meet the fast-emerging market need. PTC and ITC Infotech will also bring professionals from both companies to create and offer the tooling and methodologies required to expedite a smooth transition to SaaS.
“As a global technology service and solution provider, ITC Infotech shares a common goal with our partner PTC – to enable customers to embrace SaaS as a cornerstone of their digital transformation strategies,” Sudip Singh, Managing Director and CEO of ITC Infotech, said.
“PTC and ITC Infotech have a proven and trusting alliance formed over 20 years of working together for the benefit of our mutual customers. The creation of DxP Services will take our relationship to a whole new level and enable PTC customers to transform the way they adopt technology in the distributed, secure, and agile workplace of the future,” Sudip Singh added.
ITC Infotech’s deep understanding of innovation and value makes them the partner of choice to their clients. PLM implementation for industrial companies is one of ITC Infotech’s core competencies.
“It has long been PTC’s strategy to build a partner ecosystem that brings to bear the expertise and capacity of systems integrators and to drive business transformation and technology adoption across our global customer base,” said Jim Heppelmann, President & CEO of PTC.
“Together with ITC Infotech, we are creating a specialized team to unlock the potential of our Windchill services business and accelerate manufacturers’ ability to realize the benefits of SaaS, such as accessibility, security, and a lower total cost of ownership,” he added.
PTC provides customers the flexibility to drive digital transformation – on-premises, in the cloud, or via its pure SaaS platform. PTC said it would continue to lead customer implementation services with unique requirements, such as U.S. federal government security protocols. The company will also continue collaborating with its global partner ecosystem to drive digital thread initiatives.
“This new agreement with ITC Infotech will allow PTC to realign its professional services experts to a unique thought leadership role in the industry in enabling digital transformation for industrial companies across engineering, manufacturing, and service,” Heppelmann said.
“PTC is investing heavily in next-generation SaaS solutions across our portfolio. This expert team will develop the roadmaps our customers need to increase the value they realize from technology and enable them to completely redefine the way work gets done,” Heppelmann said.