PTC announces Strategic Collaboration Agreement with Amazon.com

PTC (PTC) announced entry into a Strategic Collaboration Agreement, or SCA, with Amazon Web Services, or AWS, to accelerate the growth of its Onshape cloud-native computer-aided design, or CAD, and product data management, or PDM, solution. This collaboration will focus on advancing Onshape product enhancements, customer adoption programs, and artificial intelligence initiatives, all of which are aimed at helping product designers and engineers create new, high-quality products faster and more efficiently. The Onshape Discovery Program allows qualified users to try Onshape Professional at no cost for up to six months. Onshape AI Advisor will allow users to design products faster by cataloguing the vast Onshape resource library of text-based documentation and videos and answering questions or making recommendations during the design process. In response to the growing demand from companies to switch to Onshape, this collaboration will allow the expansion of the capabilities of Onshape intelligent data migration toolsets. Onshape continues to be adopted by companies that need to accelerate their product development timelines and have elevated security requirements.