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PTC To Acquire Leading Product Development Software Provider CoCreate
Hot off the press!
PTC To Acquire Leading Product Development Software Provider CoCreate For $250 Million With the acquisition of CoCreate, PTC will broaden its portfolio and offer support for the most comprehensive range of modeling techniques in the MCAD industry. PTC plans to integrate the CoCreate modeling solutions with the PTC Product Development System (PDS) in order to offer CoCreate customers additional product development capabilities including engineering calculations, dynamic publishing, visualization, high-speed machining, and enterprise content and process management, and ultimately, the option of using their modeling solutions also as part of the PTC PDS. Read the PTC Press Release. www.ptc.com
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David@CoCreate |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Well, not sure if I like this news. I thought CoCreate was busy to take over another company, not that it was for sale itself. I hope this doesn't shift development power to integration with PTC's products, because that doesn't help focusing on important enhancements to OneSpace Designer itself.
It also makes me wonder what the future plans/goals for the CoCreate products will be. Often, large companies don't listen very well to small customers needs... Regards, Marten Verhoeven |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Anybody remember CV (CADDS5)?
We still use it. We get no support. No training is even available. And we get the arrogant PTC when we have to call them. I just hope this turns out better. |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Here's what I bet is going on:
PTC saw the new non-history modeler come on the block - SpaceClaim - and they have decided that they need to play in that market segment of CAD also. I just called one of my buddies at PTC and he said that while PTC has not given a public reason for the acquisition (he had just heard about it this morning, too), my assessment "seemed reasonable". It was also his opinion that PTC could leverage this by giving CoCreate users the ability to have access to higher-end CAD functionality as it was integrated into the CoCreate tool, perhaps even to the point of having some level of interoperability between OneSpace and Pro/Engineer. This could give CoCreate users an upgrade path that they would not otherwise have. SpaceClaim users will have no recourse should they outgrow the SpaceClaim software, other than totally switching software packages. Ultimately, PTC has seen that there is a segment of the CAD market that does not understand or want embedded logic in their CAD geometry, and so they have bought a tool that caters to that market segment. |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Can PTC possibly be just interested in the PLM, rather than CAD from CoCreate?
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
With this acquisition, PTC embraces all the accepted approaches within (CAD and product development) – parametric (feature-based), explicit (geometry-based), derived and 2D. Any of these CAD approaches and techniques combined with the PTC Product Development System (PDS) offers customers a competitive advantage unmatched by any other vendor in the industry.
“The combination of PTC and CoCreate products will enable PTC to offer the manufacturing industry the flexibility to select the most appropriate (CAD system) for their business requirements from a financially secure, trusted worldwide product development technology leader,” said Jim Heppelmann, executive vice president and chief product officer of PTC. “Each (CAD) approach has its own advantages, and only PTC will have an objective view that allows us to map the appropriate (CAD) approach to a given customer situation, yet encase that (CAD) approach in a full product development system. In line with industry trends, we expect the majority of our (CAD) business will continue to come from our flagship parametric (feature-based) 3D CAD system, Pro/ENGINEER®. CoCreate customers who prefer an explicit (geometry-based) 3D CAD system will now have a complete product development system as a viable option.” Read the full PTC press release.
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David@CoCreate Last edited by dszostak; 11-14-2007 at 07:52 AM. |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Wow, I was a CADDS4x users. CV was the first CAD package I used, back around 1988. I could type commands into the keyboard buffer, and fix typos, faster than the software could process them!
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
We once were big PTC customers, but their customer service is so lousy that we switched to CoCreate. This is not good news. If PTC keeps up to their usual standards, we will be looking for new software soon.
Tom |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Some more information, including a FAQ list, is available at http://www.ptc.com/company/cocreate/index.htm
Claus
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CoCreate Modeling FAQ: http://www.clausbrod.de/CoCreateModeling/ |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
As with others, I hope that this will turn out to be a good thing.
We work in a very fast paced /dynamic design environment here, and we make HUGE changes late in the game -that is one of the reasons we love the non-history based approach. We have used these products since the start with HP ME-30 rev 1.3 (EARLY 90s) and have had great success with them. I hope that we can continue to expect the same level of service and support that we now get. I guess we will all find out more in the next 3 months or so. BTW Here is an idea for the new merged product name - Pro|Create. NO ONE will forget that. JB |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
I like that one, Pro|Create
Regards, Marten |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
I like it too.... Pro|Create, Pro|E....
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Do you really think about product merging you talked above? Do you really imagine features from one side (parametric) merged to the other one (explicit) and vice-versa. Do you really think this as PTC/CoCreate objectives?
Look at famous previous acquisitions: Dassault/SolidWorks, Agile/Eigner, UGS, etc. I never seen any product merge combining best-of-both. Or it needs decades! From my point of view, this acquisition is just a tactical, commercial, market share strategy. It will serve PTC to react to new competitors (SpaceClaim) It will serve CoCreate and HBK to get money, and to make a new market recognition. Innovation, new products are facts from new companies (PTC a long time ago, SolidWorks, Space Claim); in a preferred way founded by some people coming from the acquired companies. See curriculums of executive of CV, PTC, SolidWorks, SpaceClaim. This event is potentially able to sign for a birth of a new company founded by former CoCreate people. |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Nice One JBruce!!
I really can't see any reason why PTC would merge the technologies. They need a conceptual modeling system and OneSpace can fill that void. They also need a tool that is more open and freeform for those companies that are not so spec-driven and do not require the highly constrained models. They should at least improve data transfer between the two - although probably limited to geometry only. Tighter integrations to some of their other products might be kind of nice. It is interesting to speculate - but time will tell. |
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Re: PTC To Acquire Leading Product Development Software Provider CoCreate
Industry Analyst Feedback
Aberdeen Group http://www.aberdeen.com/c/report/market_alert/4566-MA-ptc-acquires-cocreate.pdf Chad Jackon commented, "Through this acquisition, PTC continues the consolidation of the CAD marketplace, becoming the only solution provider that offers a CAD application, Pro/ENGINEER that is focused primarily on the parametric feature-based modeling approach and another CAD application, CoCreate that is focused primarily on the freeform modeling approach, leaving engineering departments with the opportunity to turn to a single vendor that offers both kinds of solutions." ARC Advisory Group http://www.arcweb.com/txtlstvw.aspx?LstID=1e434b80-6805-4d90-bc8b-7879fa24299b Dick Slansky commented, "The acquisition of CoCreate by PTC clearly enhances PTC's entrenched market position in the MCAD space. CoCreate's Dynamic Modeling-based and lean approach to product development will add some very significant technical value to the PTC product portfolio, as well as the addition of a sizable and loyal customer base. Overall, this is an excellent acquisition by PTC and a continuation of the consolidation of the PLM market." CIMdata http://cimdata.com/newsletter/2007/44/03/44.03.16.htm "The combination of CoCreate's product suite with PTC's current offerings will provide users with a broad range of design methods, including 2D and 3D modeling using parametric design, explicit design, or models derived from existing designs as well as effective heterogeneous environment collaboration tools."
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David@CoCreate Last edited by dszostak; 11-13-2007 at 09:24 AM. Reason: Added CIMdata |
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