upFront.eZine News Archives: PTC Bought Onshape, for $470 Million
Upfront is well worth reading by the way.
Excellent article. Saw headlines to this effect on LinkedIn, but this gives a lot more flavor of the nature of the deal.
Selling into a recession---might be a wise choice for the Onshape guys. I had a very early peek at Onshape when it was still in some form of Beta. Neat stuff, but at the time it couldn't handle the weird surfacing features I need, and I don't need ANY of my data on the cloud---so no sale. Was surprised to see their users number only ~5,000---expected many more adopters of this software than that.
From what is said, the surfacing has been improved or up to par?...
5yrs... and 20%,.. hmmm... idk,.. for me, the SaaS thing is still hard to accept (especially after our power/internet was off for ~2 days... from which I did some work on my notebook.) for any customer I know.. I'm sure it will change when IT Depts at large corps drives the CEO/CFO/CTO.. to the web.. and with many new gen startups who don't care too much about IP?
Having had CAD systems that were just stopped in the past with total loss of support and no data access path, I have enough concerns about ensuring future access to data with solidworks. We cannot trust those licensing servers to stay active come the day solidworks is sold on and eventually taken off the market. We are already in the downhill phase of solidworks with prices increasing with no significant extra functionality so we can see the end is eventually coming, we just don't know when. Lots of us already got shafted with data locked into Workgroup PDM with no means provided to retrieve our data even into a basic windows file system without significant cost and work.
At least we have a perpetual license, even if we end up with it locked to one set of hardware that might eventually die.
The general move to license rental just shows how little CAD retailers care about the value we hold in our data. The idea that we should have our data on the cloud shows a further progression of that lack of understanding.I've never worked anywhere where the product lifespan is parceled up into neat 3 or 5 year life cycles I've always worked constantly accessing CAD and other data dating back 10, 20 or even 30 years. I still find myself mining data out of that dead and lost cad system using an old XP machine a few times a year though I think I got most of the significant stuff into SW via step files now.
I might be wrong but I don't think the number included all the free version users. I can see them doing away with the free version if they have not already.
There is no security in using a free version of a cad program.
The cad vendors show no mercy for your data when that free version is stopped.
PTC have a history of doing that. They had a free version of a cad program and they withdrew it and at the same time they withdrew the paid version. The free one stopped working, and at the same time they stopped selling the paid version, so your data was toast.
This was the email I received...
I am pleased to share with you that Onshape has entered a definitive agreement to be acquired by PTC. This is an exciting next step for Onshape that will help us broaden the scope of what we deliver to you, and broaden our reach in the market to bring Onshape to more users even faster.
I want to first emphasize that our top priority as we become part of PTC is to preserve and enhance what you and I love about Onshape. Our beloved Onshape team remains the same. Our product strategy and roadmap remains the same, with a continued sharp focus on our customer needs. You will still experience the same level of responsive customer support that you have come to expect from us.
As many of you know, PTC is a $1B+/year global company with a long history in the product development market, and more recently, the Augmented Reality (AR) and Internet of Things (IoT) markets.
What you may not know is that PTC shares our bold vision of a cloud/SaaS future for our industry. It’s rare to find this kind of bold vision in a company the size of PTC, and even rarer to see such a large company take such bold action to commit to that vision. This is why I’m excited to be partnering with PTC CEO Jim Heppelmann and the rest of the 6,000 PTC employees to expand the scope and speed of what we are doing with Onshape.
Here are some additional things I want you to know:
Thank you all for all the support you have given us so far on the Onshape journey we have been on together, and I look forward to continuing together with you on this next exciting phase of our journey.
Jon Hirschtick CEO and Cofounder, Onshape
P.S. I would imagine that many of you have more questions. For starters, please view this FAQ document or view the press release.
more info here:Heppelmann and Hirschtick on PTC's Acquisition of Onshape - WorldCAD Access
Retrieving data ...