| The company added about 200 customers last year, taking the total number to about 1,500 customers in the country. The automotive sector contributed a major chunk of its revenue since it already had established relationships in the sector, James Heppelmann, chief product officer, PTC, told a press conference while announcing its annual user conference, to be held here tomorrow. |
| Admitting that PLM market in India is yet to mature, he said that the company could see business potential for its PLM products in India as the country was witnessing the engineering design development activities gathering. |
| On key advantages of its product life cycle management solutions, he said that PTC's offerings would focus on three key areas "� time to market, cost and quality. |
| He said that India R & D development in Pune has grown to 600, which is 50 per cent of its staff strength in India. The centre had 280 professionals in 2002. The company expects to add over 50 professionals during this year. |
| Heppelmann also said that PTC's recent acquisition of US-based Arbortext had given opportunities for the company to foray into other verticals like life sciences, publishing, financial services and government. |
| Though automotive sector will be the engine of growth for the company in the near future, PTC expects enterprise content management solutions also to contribute significant revenue as many companies were struggling with information assets and requiring better publishing tools. |
| More than 800 customers across automotive, aerospace, defence, heavy engineering and consumer products industries are expected to attend the PTC annual conference to be held tomorrow. The event will showcase PTC's products and technologies, besides customer presentations. |
| PTC has been present in India for the last ten years and it operates through two entities "� Parametric Technology Corporation (India) Pvt Ltd and PTC Software (India) Pvt Ltd. |
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