PTC (formerly known as Parametric Technology) is a company that provides software development and digital transformation solutions. Its products include Arena, a software as a service PLM solution and quality management system (QMS) software for product development and regulatory compliance; Codebeamer, an application lifecycle management (ALM) platform for product and software development; Creo, a 3D CAD tool that allows engineers to conceptualize, design, analyze, validate products, etc. The company offers digital manufacturing, engineering, and field service optimization solutions. PTC caters to aerospace, defense, automotive, life science, electronics, and other sectors.