ITC Infotech wins PTC Partner Network Award for FY25 in the PLM Category

Key Terms

product lifecycle management technical

Product lifecycle management is the organized process a company uses to guide a product from initial idea through development, launch, ongoing updates and eventual retirement. For investors, it matters because effective management speeds time to market, controls costs, ensures quality and regulatory compliance, and extends a product’s revenue potential — much like a film producer coordinating writing, filming, promotion and sequels to maximize box-office returns.

PLM technical

Product lifecycle management (PLM) is the system and processes a company uses to plan, develop, manufacture and retire a product, like a roadmap that guides a car model from design to end of sales. For investors, PLM matters because it affects how quickly a company brings new products to market, controls costs and maintains quality—factors that influence revenue growth, profit margins and long-term competitiveness.

SaaS technical

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

AI-driven technical

AI-driven describes products, services, processes or decisions that rely on artificial intelligence—software that detects patterns in data and makes predictions or choices without step-by-step human direction. For investors it signals potential for faster growth, lower operating costs or new revenue, but also new risks (model errors, data problems, regulatory limits); think of it like a smart thermostat that can save energy and money but can also misbehave if fed bad information.

ITC Infotech’s DxP Services earns recognition for its strong PLM expertise, unwavering commitment to delivering customer value, and strategic collaboration with PTC to drive innovation through SaaS-led offerings and accelerate digital transformation for customers.

PARAMUS, N.J. & LONDON & BANGALORE, India--(BUSINESS WIRE)-- ITC Infotech, a leading global technology services and solutions provider, has been awarded the PTC Partner Network Award for FY25 in the Product Lifecycle Management (PLM) category. This prestigious recognition, awarded to a single partner globally, celebrates excellence in deploying Enterprise PLM software, enabling global and cross-functional teams to effectively manage product data and providing a trusted system for product information.

The award underscores ITC Infotech’s leadership in PLM-led digital transformation, as well as its strategic alignment with PTC’s Intelligent Product Lifecycle vision, which helps customers build a structured product data foundation that serves as the backbone for AI-driven transformation. Through its specialized DxP Services, ITC Infotech has helped enterprises transform and modernize their product development lifecycle processes, seamlessly transition to SaaS ecosystem and build digitally connected, intelligent and future-ready solutions to accelerate business outcomes.

“Congratulations to ITC Infotech on being recognized as the PLM Award winner for their strong focus on PLM expertise, innovation, and delivering customer value, truly exemplifying the spirit of PTC’s partner community,” said Kimberly King, Executive Vice President and Chief Partner Officer, PTC. “ITC Infotech’s deep PLM capabilities and ability to drive transformation reflect the strength of our strategic collaboration, and we appreciate the tremendous work and value they deliver to PTC customers across the globe.”

Mihir Kumar, President & Global Head of DxP Services at ITC Infotech, added:

“This recognition from PTC is a proud moment for the entire team at ITC Infotech. It is a compelling testament to our deep PLM capabilities, industry expertise and unwavering commitment to delivering innovative and next-generation PLM-led solutions to our customers that create measurable impact. We take pride in our strategic collaboration with PTC, which is anchored on a shared vision to accelerate the Intelligent Product Lifecycle.”

About ITC Infotech

ITC Infotech is a leading global technology services and solutions provider, led by its Business and Technology Consulting division. The company provides business-friendly solutions that help clients succeed and be future-ready by seamlessly combining digital expertise, strong industry-specific alliances, and deep domain knowledge derived from ITC Group businesses.

With a focus on enabling sustainable and scalable digital transformation, ITC Infotech partners with enterprises across industries such as Manufacturing, Banking & Financial Services, Healthcare, Consumer Goods, and Travel & Hospitality.

For more information, please visit: www.itcinfotech.com

About PTC

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally.

For more information, please visit www.ptc.com.

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Media Contact:

Seema Kalgutkar, Media Relations

Seema.Kalgutkar@itcinfotech.com

Media Contact

Greg Payne

gpayne@ptc.com

Source: ITC Infotech