Ptc To Acquire Next-Generation Application Lifecycle Management Company Intland Software
04/20/22, 12:15 PM
Industry
software
internet services
PTC (NASDAQ: PTC) today announced that it has signed a definitive agreement to acquire Intland Software for approximately $280 million. Intland develops and markets the CodebeamerTM Application Lifecycle Management (ALM) family of software products, including a next-generation, cloud-ready, fully integrated offering. The acquisition is expected to significantly broaden and deepen PTC's ALM footprint across safety-critical and regulated industries. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC's fiscal third quarter.
Company Info
Company info
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
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