In May 1985, Dr. Samuel P. Geisberg established Parametric Technology Corporation (PTC), originally known as SPG Consulting Corporation. Dr. Geisberg, who was born in St. Petersburg, Russia, in 1936, obtained his Ph.D. in mathematics and served as a mathematics professor at Leningrad University before immigrating to the United States in 1974.

PTC operates as a software enterprise specializing in providing comprehensive product development solutions to various sectors, including manufacturers. Their offerings encompass a diverse array of software and services intended to facilitate the design, creation, and management of products. These encompass computer-aided design (CAD) software, product lifecycle management (PLM) software, Augmented Reality (AR) solutions, and enterprise resource planning (ERP) software. Manufacturers from a wide range of industries, such as aerospace and defense, automotive, consumer goods, medical devices, and industrial equipment, rely on PTC's software solutions.

PTC is a globally recognized technology company boasting a workforce of over 6,000 employees situated in 80 offices across 30 different countries. Additionally, they maintain partnerships with 1,150 technology collaborators and generate annual revenues surpassing the $1 billion mark.