PTC Introduces Onshape-Arena Connection to Accelerate Product Development and Supply Chain Collaboration

Rhea-AI Summary

PTC has launched the Onshape-Arena Connection, a new feature that connects cloud-native CAD, PDM, and PLM solutions. This enables instant sharing of product data with a click, enhancing collaboration among engineering and supply chain teams early in the design process. The Connection supports continuous product development, reducing manufacturing costs and schedule impacts by keeping all stakeholders aligned on design versions. It requires no downloads or additional costs for users, advancing PTC's goal of making product development faster and more agile.

Positive

• Launch of Onshape-Arena Connection allows instant product data sharing.
• Enhances collaboration among engineering and supply chain teams.
• Supports continuous product development, potentially reducing costs.
• No additional costs or downloads required for users.

Negative

• None.

• New functionality for Onshape and Arena connects cloud-native CAD, PDM, and PLM
• Instant sharing of product data between systems with the click of a button
• Engineering and supply chain teams can collaborate and iterate on product designs earlier in the design process

BOSTON, Sept. 13, 2022 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced the availability of the Onshape-Arena Connection, a new functionality that connects its cloud-native Onshape^® product development and Arena^® product lifecycle management (PLM) solutions. The Connection enables product data to be shared instantly between the Onshape and Arena solutions with the click of a button, helping companies to accelerate the product development process and simplify collaboration with supply chain partners.

"The Onshape-Arena Connection is the next step on PTC's journey to make the product development process faster, easier, and more agile for designers, engineers, and suppliers, and it's only possible because of the cloud-native architectures of Onshape and Arena," said Jon Hirschtick, General Manager of Onshape at PTC. "This is product development from a single provider with CAD, PDM, and PLM workflows fully realized in the cloud."

The Onshape-Arena Connection supports continuous, cross-functional product development that can significantly reduce costs and schedule impacts on the manufacturing process. With the Connection, all stakeholders in the product development process – including design engineering, quality, procurement, and supply chain partners – are always working on the same version of a design. This allows for design reviews at any time and improvements to the product before investments are made in expensive manufacturing lines and tooling.

"The Onshape-Arena Connection can reduce the friction, high costs, and coding that typically occur when trying to connect product data management and product lifecycle management systems," said Felix Alvarez Rivera, Chief Product Officer of Wavemaker Labs, Inc. "This functionality makes it easier for product data to flow from engineering to operations, including supply chain partners."

The Connection requires zero downloads, installs, or administration time and comes at no additional cost to Onshape and Arena users.

Additional Resources:

• Connecting Cloud-Native CAD, PDM, and PLM with One Button
• PTC Brings Cloud-Native CAM to Onshape with CloudMilling Acquisition

About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.

PTC.com         @PTC         Blogs

Media Contact

Greg Payne
PTC Corporate Communications 
gpayne@ptc.com 

PTC, Onshape, Arena, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

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SOURCE PTC Inc.

FAQ

What is the Onshape-Arena Connection by PTC?

The Onshape-Arena Connection is a new feature that connects PTC's cloud-native CAD, PDM, and PLM solutions, enabling instant sharing of product data.

How does the Onshape-Arena Connection improve product development?

It facilitates early collaboration between engineering and supply chain teams, improving design processes and reducing manufacturing costs.

What are the benefits of the Onshape-Arena Connection for users?

Users can share product data instantly without additional costs or the need for downloads, enhancing workflow efficiency.

When was the Onshape-Arena Connection announced?

The Onshape-Arena Connection was announced on September 13, 2022.

What is PTC's stock symbol?

PTC's stock symbol is PTC, and it is traded on NASDAQ.