P

PTC

Product lifecycle management software and services

Global Security Co-op

InternshipPosted on 10/19/2026
No salary listed
Bachelor's
Boston, MA, USA
In Person
Security & Protective Services
No H1B Sponsorship

About the job

Requirements
  • Currently pursuing an undergraduate degree in Criminal Justice, Risk Management, or a related field.
Responsibilities
  • Support the Senior Director, Head of Global Security, across global security strategic focus areas, including Physical and Technical Security, Travel Risk Management, and Crisis Response and Resilience.
  • Perform security office administrative functions and daily operations within enterprise video and access control systems, including employee badging and identification, occupancy reporting, and video review at the Boston headquarters.
  • Assist with the rollout of the PTC Crisis Management Platform.
  • Monitor the regional global security mailbox and service ticket system for employee assistance requests by region.
  • Monitor the PTC Crisis Platform for potential threats to PTC employees or business and escalate as needed.
  • Work with PTC Office Managers to revise and edit Emergency Response Team plans and records, and support training as needed.
  • Develop and track regional global security metrics as established by Global Security Leadership.
Desired Qualifications
  • Project management skills.
  • Research skills.

About the company

PTC provides product lifecycle management (PLM) software and related services for discrete manufacturers. It helps companies manage the full lifecycle of a product—from inception and engineering design to manufacturing, service, and disposal—using software licenses and subscriptions plus ongoing support. The product suite handles data and process management such as CAD data, BOMs, change control, collaboration, workflows, and analytics, often integrating with design tools to streamline development and manufacturing. The company differentiates itself by offering end-to-end lifecycle coverage for enterprise customers, backed by professional services and support, aimed at helping global manufacturers accelerate time-to-market and boost productivity. The goal is to enable digital transformation and more efficient product development and operations in manufacturing.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1985

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Simplify's Take

What believers are saying

  • Schneider Electric promises €250 million cost synergies and €800 million revenue synergies.
  • PTC repurchased about $525 million in Q3'26 and lifted FY'26 buyback guidance.
  • Management raised FY'26 ARR, revenue, and EPS guidance after Q3'26 outperformance.

What critics are saying

  • Schneider Electric's October 5, 2026 $22.6 billion acquisition caps upside at $205 cash.
  • PTC's July 29, 2026 revenue declined 8% constant-currency, showing weak core demand.
  • Closing expected by Q3 2027 leaves PTC trapped inside a long regulatory and integration process.

What makes PTC unique

  • Onshape Labs' August 13, 2026 FeatureScript MCP Server blends LLMs with CAD customization.
  • PTC's July 29, 2026 results showed 9.1% constant-currency ARR growth excluding divestitures.
  • Arena Connect's August 4, 2026 launch links PLM, QMS, ERP, MES, and collaboration systems.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Paid Vacation
  • Paid Sick Leave
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Tuition Reimbursement

Company News

PR Newswire
Oct 21st, 2026
PTC launches Jetstream, an AI-native cloud tool for product collaboration linked to Windchill

PTC launched PTC Jetstream on October 21, 2026, a cloud and AI-native tool that brings product reviews and decisions into one shared space. The Boston-based software company says it helps manufacturers catch issues earlier and move products to market faster. Employees, suppliers, and partners join secure rooms to review 2D and 3D product data in a browser. Comments and markups stay tied to the data version, reviewer, and time. AI summaries show key discussions, next steps, and owners. The tool connects to PTC's Windchill product lifecycle management software, so decisions flow back to teams working there. GE Appliances, an early user, said stakeholders could join reviews quickly and get the information they needed.

Webdisclosure
Oct 5th, 2026
Schneider Electric to acquire PTC for $22.6B, creating industrial software and AI powerhouse

Schneider Electric has agreed to acquire PTC Inc. in an all-cash deal valued at $205 per share, representing approximately $22.6 billion in equity value. The transaction represents a 42.3% premium to PTC's last closing price. The acquisition aims to create a comprehensive industrial software and AI platform, bridging product design, engineering, and data management with energy systems. PTC serves over 30,000 customers globally and generated €2.4 billion in revenue with roughly 40% adjusted EBITA margin in 2025. Schneider Electric expects to achieve €250 million in annual cost synergies by year three and approximately €800 million in revenue synergies. The deal will be financed through €5-6 billion in equity issuance and €16-17 billion in new debt. The transaction requires PTC shareholder approval and regulatory clearance, with closing anticipated by Q3 2027.

PR Newswire
Aug 13th, 2026
PTC launches AI-powered FeatureScript MCP Server enabling engineers to create custom CAD features using natural language

PTC has launched the FeatureScript MCP Server capability in its Onshape CAD and PDM platform. The tool enables engineers to create custom CAD features using natural language and AI, without requiring programming experience. The capability automates feature development through AI-assisted building, testing, debugging, and refinement. Engineers describe desired functionality in natural language, and AI helps build the custom feature in FeatureScript until it works as intended. Built on the Model Context Protocol, the server connects AI coding tools like Claude, ChatGPT, and Gemini directly with Onshape FeatureScript code. The resulting custom features can be shared across teams without ongoing AI interactions or recurring costs. "The future of AI in CAD is not simply text-to-CAD, but text-to-code-to-CAD," said David Katzman, EVP and general manager of Onshape and Arena at PTC. The capability is available through PTC's Onshape Labs initiative.

Yahoo Finance
Aug 10th, 2026
PTC shares drop 8.4% on weak ARR growth despite strong profitability and efficient customer acquisition

PTC's shares have fallen 8.4% to $146.31 over six months, contrasting with the S&P 500's 10.9% gain, following softer quarterly results. The software company, which provides digital solutions for product design and development, shows mixed signals for investors. On the positive side, PTC demonstrates exceptional customer acquisition efficiency with a payback period of just 0.5 months. The company also maintains elite profitability with a 37.8% operating margin over the past year. However, PTC's annual recurring revenue growth averaged only 8.7% over the last four quarters, reaching $2.41 billion in Q2. This underwhelming performance suggests increasing competition may be challenging the company's ability to secure longer-term commitments.

PR Newswire
Aug 5th, 2026
PTC launches Codebeamer 3.3 with AI search and automated change management for product variants

PTC has launched Codebeamer 3.3, Codebeamer AI 1.2, and Pure Variants 7.3, enhancing its application lifecycle management portfolio. The updates address challenges engineering teams face when managing product variants and finding information. Codebeamer 3.3 introduces Delta Merge, which automatically applies approved changes across product variants, eliminating manual reapplication. It also adds role-based permissions for change approval control and deeper integration with PTC's Windchill PLM solution. Codebeamer AI 1.2 features an AI Search Assistant using semantic search to deliver more accurate results by understanding search intent. Pure Variants 7.3 includes Stream Transformation, which converts product variants into working sets that automatically update to reflect variant-specific features. The releases strengthen traceability and change management for automotive, medtech, federal, aerospace, and defence industries, helping manufacturers manage increasing product complexity whilst maintaining regulatory compliance.