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The Boston Globe

Globe 100

No. 1 technology company

Parametric: Maker of the connected fridge, and other wonders

Its software turns an ordinary appliance into a smart device

SCRAPPY, YOUNG WEB START-UPS making apps for iPhones may be the darlings of the tech world, but enterprise software companies remain kings of the innovation economy in Massachusetts. And Parametric Technology Corp., a 27-year-old Needham company, is at the top of that heap.

A pioneer of computer-aided design software for engineers, PTC - as it prefers to be known - has in the last few years pushed into new areas of manufacturing. The company’s products help make sophisticated devices like smartphones smarter, but it’s also behind a whole different class of household appliance: more connected and more capable washing machines and refrigerators, for example. Some 27,000 clients worldwide use PTC software, including many of the world’s best-known brands - companies like Whirlpool Corp., Harley-Davidson, Hyundai Motor Co., and Caterpillar Inc.

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