09:18 AM EDT, 09/25/2024 (MT Newswires) -- PTC (PTC) said Wednesday it entered a strategic collaboration agreement with Amazon.com's ( AMZN ) Amazon Web Services unit to accelerate the growth of its Onshape cloud-native computer-aided design and product data management solution.

The partnership will focus on advancing product enhancements, boosting customer adoption, and artificial intelligence initiatives, the company said.

Financial terms were not disclosed.