NEEDHAM, Mass.--(BUSINESS WIRE)--
PTC (NASDAQ: PTC) today announced that new software licenses for its core solutions and ThingWorx® Industrial Innovation Platform will be available globally only by subscription, effective January 1, 2019, with a few exceptions. PTC previously announced the transition from perpetual licensing to subscription in the Americas and Western Europe effective January 1, 2018. Customers globally will be able to continue to use their existing perpetual licenses and renew support on active perpetual licenses.
“Subscription licensing has been positively embraced by customers throughout the phased rollout, with nearly 70 percent of new software bookings sold as subscription in fiscal 2017,” said Jim Heppelmann, president and CEO, PTC. “The ability to license enterprise software by subscription aligns with industry best practices and delivers the value and flexibility customers demand to achieve success in today’s highly competitive landscape.”
Customers purchasing subscriptions benefit from PTC’s faster innovation cycles, a shared commitment to success, cloud deployment options, and increased flexibility with lower upfront costs. In addition, PTC offers incentive programs to enable customers to convert existing perpetual licenses to subscription, affording them access to all the benefits of the subscription model across their entire PTC software footprint.
The exceptions noted above where PTC has not announced plans for a complete transition from perpetual licensing to subscription are China, India, Korea, Russia, Taiwan, and Turkey.
PTC’s Kepware product suite will continue to be available through both subscription and perpetual licensing.
For more information, visit http://www.ptc.com/subscription.
Additional Resources
About PTC (NASDAQ: PTC)
PTC helps companies around the world
reinvent the way they design, manufacture, operate, and service things
in and for a smart, connected world. In 1986 we revolutionized digital
3D design, and in 1998 were first to market with Internet-based product
lifecycle management. Today, our leading Industrial Innovation Platform
and field-proven solutions enable you to unlock value at the convergence
of the physical and digital worlds. With PTC, manufacturers and an
ecosystem of partners and developers can capitalize on the promise of
the Internet of Things and augmented reality technology today and drive
the future of innovation.
Forward-Looking Statements
Past adoption of subscription
licensing by PTC customers is not necessarily indicative of future rates
of customer subscription adoption and the effect of the transition to a
subscription-only model in certain geographic regions may not have the
effect on revenue that we expect.
Exceptions to the subscription-only policy may change.
PTC, ThingWorx and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.
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