{"id":68297,"date":"2019-07-29T12:55:20","date_gmt":"2019-07-29T04:55:20","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/ptc-acquires-frustum-in-70-million-generative-design-deal.3dm"},"modified":"2019-07-29T12:55:20","modified_gmt":"2019-07-29T04:55:20","slug":"ptc-acquires-frustum-in-70-million-generative-design-deal","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/ptc-acquires-frustum-in-70-million-generative-design-deal\/","title":{"rendered":"PTC acquires Frustum in $70 million generative design deal"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">Massachusetts-based software company <\/span><span style=\"font-weight: 400;\">PTC<\/span> <span style=\"font-weight: 400;\">has announced the acquisition of Colorado software developer and 2018 <a href=\"\/service\/3d-printing\"> Industry Awards<\/a> nominee <\/span><span style=\"font-weight: 400;\">Frustum<\/span><span style=\"font-weight: 400;\">, for approximately $70 million. This acquisition will add Frustum\u2019s <\/span><span style=\"font-weight: 400;\">generative design technology<\/span><span style=\"font-weight: 400;\"> to the<\/span> <span style=\"font-weight: 400;\">PTC Creo CAD portfolio<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>\u201cPTC is pushing the boundaries of innovation with this acquisition,\u201d said Jim Heppelmann, President and CEO, PTC. \u201cCreo is core to PTC\u2019s overall strategy, and the embedded capabilities from ANSYS and, later, Frustum will elevate Creo to a leading position in the world of design and simulation.\u201d<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cWith breakthrough new technologies such as AR\/VR, high-performance computing, IoT, AI, and additive manufacturing entering the picture, the CAD industry is going through a renaissance period, and PTC is committed to leading the way.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Creo CAD software solutions<\/b><\/p>\n<p><span style=\"font-weight: 400;\">PTC\u2019s Creo 5.0 CAD software portfolio aims to utilize new technologies such as additive manufacturing, IoT, Model-Based Definition (MBD) and Augmented Reality (AR) to \u201cdesign faster and smarter.\u201d Last year, PTC integrated <\/span><span style=\"font-weight: 400;\">ANSYS\u2019<\/span> <span style=\"font-weight: 400;\">Discovery Live simulation software into its ThingWorx platform<\/span><span style=\"font-weight: 400;\">. Following this, the company announced that ANSYS will also deliver its real-time simulation within the Creo 5.0 product suite.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Introducing a <\/span><span style=\"font-weight: 400;\">new Creo software package<\/span> earlier this year, <span style=\"font-weight: 400;\">PTC previously partnered with Belgian software and 3D printing service provider <\/span><span style=\"font-weight: 400;\">Materialise<\/span><span style=\"font-weight: 400;\">. This package is designed for manufacturing end-use metal products and is compatible with the Materialise Build Processor, a slicing feature of Materialise\u2019s Magic 3D Print Suite.<\/span><\/p>\n<figure id=\"attachment_128901\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-128901\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo.jpg\" alt=\"Functional end-use part design in Creo. Photo via PTC.\" width=\"1024\" height=\"512\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo-770x385.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo-200x100.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo-500x250.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Functional end-use part design in Creo. Photo via PTC.<\/figcaption><\/figure>\n<p><b>PTC, Frustum, and ANSYS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to PTC, with embedded Frustum and ANSYS capabilities, Creo will be able to recommend design approaches using generative design, ultimately guiding the user through the iterative design process using ANSYS Discovery Live. This process is intended to validate the full product design at scale.<\/span><\/p>\n<p>GENERATE is the name of Frustum&#8217;s generative design software, an intuitive program for creating topology-optimized components for additive manufacturing, milling and casting, powered by the company\u2019s patented engine, TrueSOLID.<\/p>\n<p><span style=\"font-weight: 400;\">In response to this development, Jeff Hojlo, <\/span><span style=\"font-weight: 400;\">Program Director at market intelligence and advisory service provider <\/span><span style=\"font-weight: 400;\">IDC Manufacturing Insights<\/span><span style=\"font-weight: 400;\">, stated, \u201cThis acquisition is a natural step for PTC and its customers. AI and machine learning are widely discussed as two of the most impactful technologies of the future.\u201d<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cFor design, engineering, and R&amp;D, the potential positive impacts of complementing the development process with AI and machine learning are astounding: lowering cost of quality, improving product success rate, and improving time to market and time to revenue by meeting customer needs accurately the first time.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">PTC\u2019s acquisition of Frustum closed yesterday. According to PTC, this transaction is not expected to add material revenue for 2019.<\/span><\/p>\n<figure id=\"attachment_131657\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-131657\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1.png\" alt=\"A part in development using TrueSOLID\u2122 generative design. Image via Frustum\" width=\"1600\" height=\"1214\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1.png 1600w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1-1024x777.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1-770x584.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1-200x152.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/working-rd-1-500x379.png 500w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-caption-text\">A part in development using TrueSOLID\u2122 generative design. Image via Frustum<\/figcaption><\/figure>\n<p><i><span style=\"font-weight: 400;\">For the latest additive manufacturing news, subscribe to the <\/span><\/i><i><span style=\"font-weight: 400;\"><a href=\"\/service\/3d-printing\"> Industry newsletter<\/span><\/i><i><span style=\"font-weight: 400;\">. Also, find us on <\/span><\/i><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><i><span style=\"font-weight: 400;\"> and like us on <\/span><\/i><i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Looking for a career change? Search and post new opportunities across additive manufacturing by visiting <\/span><\/i><i><span style=\"font-weight: 400;\"><a href=\"\/service\/3d-printing\"> Jobs<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p><i>Featured image shows an optimized, manufacture-ready part. Clip via Frustum. <\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Massachusetts-based software company PTC has announced the acquisition of Colorado software developer and 2018 Industry Awards nominee Frustum, for approximately $70 million. This acquisition will add Frustum\u2019s generative design technology to the PTC Creo CAD portfolio. \u201cPTC is pushing the boundaries of innovation with this acquisition,\u201d said Jim Heppelmann, President and CEO, PTC. \u201cCreo is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182457,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/part-design-in-creo.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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