PTC Inc., formerly Parametric Technology Corporation, develops, markets and supports solutions, which help companies design products, manage product information and improve their product development processes. The Company offers solutions in the product lifecycle management (PLM), market (product data management, collaboration and related solutions) and the CAx market (computer-aided design, manufacturing and engineering (CAD, CAM and CAE) solutions). Its software solutions provide its customers with an integral product development system, which enables them to create digital product content, collaborate with others in the product development process, control product content, automate product development processes, configure products and product content, and communicate product information to people and systems across the extended enterprise and design chain. On September 2, 2011, the Company acquired 4C Solutions, Inc. (4CS). In October 2012, it acquired Servigistics, Inc.