# Neil Barua

> Neil Barua is PTC’s president and CEO, appointed in February 2024 after leading ServiceMax and PTC’s Service Lifecycle Management business. His background includes IPC Systems, Silver Lake, Francisco Partners and Global Crossing. Based in the Boston area, he focuses on customer experience, company culture and connecting product information across design, development and service.

- **Role:** President and Chief Executive Officer at PTC
- **Organizations:** PTC, ServiceMax, IPC Systems, Silver Lake, Francisco Partners, Global Crossing, Asia Global Crossing, StreetWise Partners, Carrier Global Corporation
- **Nationality:** Canadian (self-described in a 2021 podcast interview)
- **Education:** B.S. in Finance and Economics, New York University, Stern School of Business
- **Known for:** Led IPC Systems during its SaaS transformation., Led ServiceMax before its acquisition by PTC., Became the fourth CEO in PTC’s history.

## Career timeline

- **2014-08** — Became CEO of IPC Systems; served through April 2018.
- **2018-04** — Returned to Silver Lake as an operating partner; served through April 2019.
- **2019-04** — Became CEO of ServiceMax.
- **2023-01** — Joined PTC to lead Service Lifecycle Management following its acquisition of ServiceMax.
- **2023-07** — Named PTC CEO-elect and appointed to its board.
- **2024-02-14** — Became PTC’s fourth CEO.
- **2026-07-24** — Elected to the board of Carrier Global Corporation.
- **2026-10-05** — PTC and Schneider Electric announced a definitive acquisition agreement, with closing anticipated by Q3 2027 subject to conditions.

## Achievements

- Led IPC Systems during its SaaS transformation.
- Led ServiceMax before its acquisition by PTC.
- Became the fourth CEO in PTC’s history.

## Latest updates

- **2026-10** — PTC agreed to be acquired by Schneider Electric for $205 per share in cash; proposed equity value approximately $22.6 billion, with anticipated closing by Q3 2027 subject to conditions.
- **2026-07** — Carrier Global Corporation elected Barua to its board of directors, effective July 24, 2026.
- **2026-03** — Featured in PTC’s AI in Focus leadership keynote with Jon Stevenson, Joseph June and Accenture’s Christian Kelly.

## Links

- Website: https://www.ptc.com/en/blog-authors/neil-barua
- LinkedIn: https://www.linkedin.com/in/neilbarua
- Twitter/X: https://twitter.com/neilbarua

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Profile page: https://yespress.io/neil-barua
Published by YesPress — https://yespress.io
Last updated: 2026-10-22