PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an IIoT platform that enables customers to address digital transformation of their operations, products, and services; ThingWorx Solution Central, a centralized portal in the cloud that allows users of ThingWorx to discover, deploy, and manage ThingWorx applications; and ThingWorx Kepware, which enables users to connect, manage, monitor, and control disparate devices and software applications. The company also provides Vuforia Studio, a cloud-based tool that enables industrial enterprises to author and publish augmented reality (AR) experiences; Vuforia Expert Capture that chronicles the real-time movements of a person wearing an AR headset; Vuforia Engine technology for application development; Vuforia Chalk, a collaboration and remote assistance solution; and Vuforia Spatial Toolbox technology to accelerate the development of spatial computing prototypes and use cases. In addition, it offers Onshape, a cloud-native multi-tenant platform that unites computer-aided design with data management, collaboration tools, and real-time analytics; Creo, a suite of product design software, which provides capabilities for design, real-time simulation, additive manufacturing, design flexibility, advanced assembly design, piping and cabling design, advanced surfacing, virtual prototyping, and other design functions; and Windchill, a product lifecycle management software. Further, the company provides Integrity, an application lifecycle management solution; Servigistics, service parts management solution; and consulting, implementation, training, cloud, and license and support services. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was founded in 1985 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: ptc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $210.00 → $196.00 | Buy → Hold | Berenberg |
| 6/4/2024 | $200.00 → $190.00 | Buy → Neutral | Mizuho |
| 1/4/2024 | $130.00 → $200.00 | Neutral → Overweight | JP Morgan |
| 10/30/2023 | $165.00 | Perform → Outperform | Oppenheimer |
| 6/14/2023 | $150.00 | Neutral | Piper Sandler |
| 5/24/2023 | $166.00 | Outperform | BMO Capital Markets |
| 1/23/2023 | $155.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 1/11/2023 | $155.00 | Buy | Berenberg |
| 9/16/2022 | Neutral | JP Morgan | |
| 8/17/2022 | $155.00 | Outperform | Wolfe Research |
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Solid ARR and Cash Flow in Fourth Fiscal Quarter and Full Fiscal Year BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2024. "In fiscal year 2024, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our
BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that its Board of Directors has authorized the repurchase of up to $2 billion worth of PTC common stock through September 30, 2027. "This repurchase authorization demonstrates the Board's confidence in PTC's ability to drive customer value while enhancing shareholder returns, and supports PTC's capital allocation strategy," said Janice Chaffin, Chair of the Board. "PTC intends to repurchase approximately $300 million of our common stock in fiscal 2025, beginning in our first quarter, as we balance debt paydo
BOSTON, Oct. 16, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 fourth quarter and full year results on Wednesday, November 6th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, November 6th at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q4'24 Conference
BOSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Snyk, a leader in developer security, announced today that its AI-native Static Application Security Testing (SAST) product, Snyk Code, generates $100M in ARR1, representing approximately one-third of Snyk's total ARR today. The company is also continuing to make progress towards cash flow positivity, while at the same time maintaining operational efficiency, with approximately 80% in gross margin and a growing customer base exceeding 3,100. SAST has become a foundational element of any comprehensive, mature application security program today. Snyk pioneered the application of SAST findings with broader key security control points across the e
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ:VMEO), the world's most innovative video experience platform for creators and enterprises, today appointed Charlie Ungashick as Chief Marketing Officer. Ungashick, who has supported the brand as interim CMO since January 2024, will oversee the brand's comprehensive marketing efforts across the consumer and commercial channels as Vimeo integrates leading-edge AI capabilities to deliver value for businesses, creators and video professionals globally. He will also lead and produce the company's first customer conference, Vimeo REFRAME, later this month. "Charlie's proven track record of building and scaling marketing organizations, co
Collaboration to Drive PTC's Onshape Initiatives Including Discovery Program, Onshape AI Advisor, and CAD and PDM Conversion Tools BOSTON, Sept. 25, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced entry into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to accelerate the growth of its Onshape® cloud-native computer-aided design (CAD) and product data management (PDM) solution. This collaboration will focus on advancing Onshape product enhancements, customer adoption programs, and artificial intelligence (AI) initiatives, all of which are aimed at helping product designers and engineers create new, high-quality products faster and more efficiently.
BOSTON, Sept. 3, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Rob Bernshteyn to its Board of Directors, effective September 9, 2024. Bernshteyn has held leadership and executive roles in the enterprise software space for over 30 years, including 14 years as CEO and Chairman of Coupa Software, a provider of business spend management solutions. During his tenure at Coupa, Bernshteyn transformed the company into a high-growth industry leader and led a successful IPO in 2016. He is currently a General Partner at ICONIQ Growth. "We're pleased to welco
BOSTON, Aug. 27, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it will participate in the following conferences. What: Citi's 2024 Global TMT ConferenceWhen: Wednesday, September 4th, 2024 at 8:20am ET What: 2024 RBCCM Global TIMT Conference When: Tuesday, November 19th, 2024 What: Barclays 22nd Annual Global Technology ConferenceWhen: Wednesday, December 11th, 2024 What: Nasdaq 51st Investor ConferenceWhen: Wednesday, December 11th, 2024 To view the webcast and replay for conferences please use the link below. Webcast: https://investor.ptc.com/events-and-presen
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier digital investigative solutions for the public and private sectors, announced today that Troy Richardson has joined its board of directors, effective August 13, 2024. Mr. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (NYSE:UIS) Board of Directors and previously served as a Director of the Board for Carestream Dental. Mr. Richardson was president of the Digital Thread group at PTC Inc. (NASDAQ:PTC) from 2021 until 2022
Solid ARR and Cash Flow in Q3'24 Guiding to 11-12% Constant Currency ARR Growth and Maintaining Free Cash Flow Guidance for FY'24 BOSTON, July 31, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its third fiscal quarter ended June 30, 2024. "In our third fiscal quarter, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique product portfolio to help product companies accelerate time to market and manage increasing c
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Berenberg downgraded PTC from Buy to Hold and set a new price target of $196.00 from $210.00 previously
Mizuho downgraded PTC from Buy to Neutral and set a new price target of $190.00 from $200.00 previously
JP Morgan upgraded PTC from Neutral to Overweight and set a new price target of $200.00 from $130.00 previously
Oppenheimer upgraded PTC from Perform to Outperform and set a new price target of $165.00
Piper Sandler initiated coverage of PTC with a rating of Neutral and set a new price target of $150.00
BMO Capital Markets initiated coverage of PTC with a rating of Outperform and set a new price target of $166.00
KeyBanc Capital Markets upgraded PTC from Sector Weight to Overweight and set a new price target of $155.00
Berenberg initiated coverage of PTC with a rating of Buy and set a new price target of $155.00
JP Morgan resumed coverage of PTC with a rating of Neutral
Wolfe Research initiated coverage of PTC with a rating of Outperform and set a new price target of $155.00
Solid ARR and Cash Flow in Fourth Fiscal Quarter and Full Fiscal Year BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2024. "In fiscal year 2024, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our
BOSTON, Oct. 16, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 fourth quarter and full year results on Wednesday, November 6th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, November 6th at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q4'24 Conference
Solid ARR and Cash Flow in Q3'24 Guiding to 11-12% Constant Currency ARR Growth and Maintaining Free Cash Flow Guidance for FY'24 BOSTON, July 31, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its third fiscal quarter ended June 30, 2024. "In our third fiscal quarter, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique product portfolio to help product companies accelerate time to market and manage increasing c
BOSTON, July 11, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 third quarter results on Wednesday, July 31st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, July 31st at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q3'24 Conference Call and Webcast When
Solid ARR and Cash Flow in Q2 of Fiscal 2024 Updating Fiscal 2024 and Mid-Term Targets BOSTON, May 1, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2024. "In our second fiscal quarter, we again delivered solid results. We have a differentiated strategy that leverages our unique product portfolio to enable our customers with their digital transformation journeys. Our consistent ARR and free cash flow growth continues to highlight the value we are bringing to our customers and the stability of our business mo
BOSTON, April 10, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 second quarter results on Wednesday, May 1st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, May 1st at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q2'24 Conference Call and Webcast When:
Solid ARR and Cash Flow BOSTON, Jan. 31, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its first fiscal quarter ended December 31, 2023. "In our first fiscal quarter, we again delivered solid ARR and cash flow results. I am confident that PTC is well positioned to continue delivering durable and consistent ARR and cash flow growth under the leadership of Neil Barua," said James Heppelmann, CEO, PTC. Neil Barua, CEO-elect, added, "We have a differentiated strategy that leverages our unique product portfolio to help our customers along their digital
BOSTON, Jan. 11, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 first quarter results on Wednesday, January 31st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, January 31st at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q1'24 Conference Call and Webcas
Strong ARR and Cash Flow Results; Raising ARR and Cash Flow Guidance for FY'23 BOSTON, July 26, 2023 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its third fiscal quarter ended June 30, 2023. "In our third fiscal quarter, we again delivered strong ARR and cash flow results that exceeded our guidance ranges. On both a reported and constant currency basis, our ARR growth was 25% – with organic growth of 14% and our ServiceMax® business contributing an additional 11 points of growth. In Q3, our cash from operations was $169 million, up 45% year over year,
Neil Barua, President of PTC's Service Lifecycle Management business, to be appointed PTC's next Chief Executive Officer in February 2024 James Heppelmann appointed Chairman of the Board BOSTON, July 26, 2023 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that Neil Barua, President of PTC's Service Lifecycle Management business, will succeed James Heppelmann as Chief Executive Officer of PTC at the time of the Company's annual shareholder meeting in February 2024. At that time, Mr. Heppelmann will step down as CEO and retire, concluding a distinguished 26 years of service at the Company, including 13 years as CEO. Effective immediately, Mr. Heppelmann is appointed Chairman of the Board, an
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 5.92% on an annualized basis producing an average annual return of 16.61%. Currently, PTC has a market capitalization of $20.96 billion. Buying $100 In PTC: If an investor had bought $100 of PTC stock 10 years ago, it would be worth $460.40 today based on a price of $175.04 for PTC at the time of writing. PTC's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
PTC (NASDAQ:PTC) has outperformed the market over the past 5 years by 2.32% on an annualized basis producing an average annual return of 15.48%. Currently, PTC has a market capitalization of $22.03 billion. Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 5 years ago, it would be worth $2,026.77 today based on a price of $183.97 for PTC at the time of writing. PTC's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 5.68% on an annualized basis producing an average annual return of 16.47%. Currently, PTC has a market capitalization of $21.17 billion. Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 10 years ago, it would be worth $4,650.73 today based on a price of $176.83 for PTC at the time of writing. PTC's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edi
PTC's (NYSE:PTC) short percent of float has risen 31.58% since its last report. The company recently reported that it has 2.91 million shares sold short, which is 2.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.81 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 5.85% on an annualized basis producing an average annual return of 16.38%. Currently, PTC has a market capitalization of $20.53 billion. Buying $100 In PTC: If an investor had bought $100 of PTC stock 10 years ago, it would be worth $451.47 today based on a price of $171.47 for PTC at the time of writing. PTC's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Ratings for PTC (NASDAQ:PTC) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 2 1 0 0 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $201.86, a high estimate of $216.00, and a low estimate of $187.00. Surpassing the previous average price target of $
Mizuho analyst Matthew Broome downgrades PTC (NASDAQ:PTC) from Buy to Neutral and lowers the price target from $200 to $190.
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 6.61% on an annualized basis producing an average annual return of 17.35%. Currently, PTC has a market capitalization of $22.12 billion. Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 10 years ago, it would be worth $4,951.74 today based on a price of $184.70 for PTC at the time of writing. PTC's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edi
PTC's (NYSE:PTC) short percent of float has fallen 12.68% since its last report. The company recently reported that it has 1.97 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ:VMEO), the world's most innovative video experience platform for creators and enterprises, today appointed Charlie Ungashick as Chief Marketing Officer. Ungashick, who has supported the brand as interim CMO since January 2024, will oversee the brand's comprehensive marketing efforts across the consumer and commercial channels as Vimeo integrates leading-edge AI capabilities to deliver value for businesses, creators and video professionals globally. He will also lead and produce the company's first customer conference, Vimeo REFRAME, later this month. "Charlie's proven track record of building and scaling marketing organizations, co
BOSTON, Sept. 3, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Rob Bernshteyn to its Board of Directors, effective September 9, 2024. Bernshteyn has held leadership and executive roles in the enterprise software space for over 30 years, including 14 years as CEO and Chairman of Coupa Software, a provider of business spend management solutions. During his tenure at Coupa, Bernshteyn transformed the company into a high-growth industry leader and led a successful IPO in 2016. He is currently a General Partner at ICONIQ Growth. "We're pleased to welco
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier digital investigative solutions for the public and private sectors, announced today that Troy Richardson has joined its board of directors, effective August 13, 2024. Mr. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (NYSE:UIS) Board of Directors and previously served as a Director of the Board for Carestream Dental. Mr. Richardson was president of the Digital Thread group at PTC Inc. (NASDAQ:PTC) from 2021 until 2022
Bill Mitchell elevated to Executive Chair of the Board of Directors HungerRush, the leading cloud software provider for the restaurant industry, today announced the appointment of Mike Jerich as Chief Executive Officer effective February 5th. Mike succeeds Interim Chief Executive Officer Bill Mitchell, who has been elevated to Executive Chair of the Board of Directors. In his new role, Bill will continue providing his invaluable guidance and expertise, drawn from 30 years of exceptional leadership experience. He will remain actively involved in key aspects of the company's strategic planning and focus on restaurant relationships, offering his insights to ensure the ongoing success of Hung
– Company Welcomes World-Class Go-To-Market Executive to Scale its Customer Facing Operations – Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced the appointment of Jay Muelhoefer to serve as Chief Commercial Officer, effective October 12, 2023. Mr. Muelhoefer will assume global responsibility for the Company's Sales, Marketing, Alliances, Channels, and Customer Success teams to help expand brand awareness, drive revenue growth globally, and ensure exceptional customer experiences. Mr. Muelhoefer joins the Company from Kinaxis (TSX:KXS), a leading SaaS-based supply chain management applications provider focused on planning and e
pure-systems' pure::variants solution adopted by some of the world's largest manufacturing companies for managing software and product variants.Acquisition supports PTC's ALM leadership across automotive, medical device, aerospace, and other safety-critical and regulated industries.BOSTON, Oct. 4, 2023 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has acquired pure-systems, a leading provider of product and software variant management solutions. Manufacturing companies use pure-systems' pure::variants® solution to efficiently manage the different variations of software and systems engineering assets across their product configurations. PTC and pure-systems had partnered prior to t
BOSTON, March 15, 2022 /PRNewswire/ -- PTC (NASDAQ:PTC) has appointed Amar Hanspal to its Board of Directors, effective April 1, 2022. Hanspal brings more than 30 years of experience driving strategic and operational excellence through a combination of product expertise, strategic team leadership, and high-performance execution. Throughout his career, Hanspal has driven innovation and digital transformation at a global scale. Most recently, Hanspal served as Chief Executive Officer of Bright Machines, which focuses on factory automation combining robotics, machine vision and m
BOSTON, Dec. 13, 2021 /PRNewswire/ -- PTC (NASDAQ:PTC) has appointed Michal Katz to its Board of Directors effective February 8, 2022. With a career spanning more than 20 years on Wall Street, Katz has emerged as a seasoned and trusted advisor to companies and boards in the areas of corporate finance, strategy, mergers and acquisitions, and digital transformation. Katz currently leads Investment and Corporate Banking for Mizuho Americas, a unit of Japan-based Mizuho Financial Group, Inc., one of the largest financial institutions in the world. In this role, she is responsible
WARWICK, R.I., Nov. 11, 2021 /PRNewswire/ -- SquadLocker, the nation's leading custom apparel software and fulfillment service, today announced the appointment of proven digital e-commerce veteran Scott Brazina as President and member of the company's Board of Directors. He is responsible for SquadLocker's strategy, sales, marketing, partnerships, product, customer experience, and overall go to market strategy. Brazina is a proven strategic, transformative, and highly collaborative global marketing and sales leader. He brings more than 30 years global experience growing enterp
Enterprise Software and SAAS industry veteran joins leading digital experience solution to drive next stage of growth Zmags, whose Creator platform is transforming how customers experience digital commerce everywhere, today announces that Jeffrey Lortz has been appointed as Chief Executive Officer (CEO). Lortz joins after having served in senior executive roles in Private Equity backed SaaS companies including Tomia, a Vista Equity Partner portfolio company as Chief Operating Officer. He will assume day-to-day leadership as well as guide the company's long-term strategic growth initiatives. David Powell will continue to serve as Chief Financial and Administrative Officer. "It has been a g