PTC to Acquire Next-Generation Application Lifecycle Management Software Company –
Summary
Intland develops and markets the Codebeamer 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. “The addition of Codebeamer will broaden and deepen our ALM portfolio and enable us to further support our customers’ efforts to incorporate sophisticated software systems into their products,” said Jim Heppelmann, President and CEO, PTC. “This acquisition will also complement our strengths in PLM and model-based systems engineering as part of our Digital Thread portfolio strategy.” Intland is headquartered in Stuttgart, Germany and serves an impressive array of global enterprise ALM customers operating across the automotive, life sciences, consumer electronics, and aerospace and defense industries. Codebeamer’s pre-built templates and partner integrations make it easier for customers to meet the stringent requirements common in regulated industries.
