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PTC’s business expands with Embraer deal

Brazil-based Embraer also has US operations.

Pierre Verdy/AFP/Getty Images

Brazil-based Embraer also has US operations.

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Needham’s PTC edged higher on a deal with Embraer S.A., a large manufacturer of commercial jets, for its product lifecycle management software. PTC said its product helps manufacturers manage complex processes by coordinating the efforts of often far-flung teams to work together and efficiently create the best possible products. Embraer is based in Brazil, but also has operations in China, France, Portugal, Singapore, and the United States. In a press release, PTC said its selection by Embraer is important because it will mark “an important expansion of the company’s business across Latin America.”

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