PTC, also known as Parametric Technology Corporation, offers process management solutions. Established in 1985, it manages a staff of more than 4,500 employees in over 25 countries. With revenues of nearly $1,070 million, the company serves the aerospace, retail, electronic, defense, automotive and medical industries. PTC offers consulting and implementation services. The company has partnerships with Hewlett-Packard, Microsoft and IBM. Its Arbortext software supports enterprise publishing processes and provides document authoring and design solutions. The company offers change and configuration management and electromechanical, global and lean product development services. It provides life cycle management solutions for small- and medium-sized businesses.