PTC Acquiring Intland For $280M To Boost App Management
Summary
“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 PTC CEO Jim Heppelmann (pictured) in a statement. “This acquisition will also complement our strengths in PLM [product life-cycle management] and model-based systems engineering as part of our Digital Thread portfolio strategy.” Boston-based PTC plans to offer Codebeamer as a stand-alone offering as well as in conjunction with its Windchill and Arena PLM products. Germany-based Intland has an array of global enterprise application life-cycle management customers across the life sciences, consumer electronics, automotive and aerospace and defense industries. Codebeamer’s prebuilt templates and partner integrations make it easier for customers to meet the requirements common in regulated industries, PTC said. “PTC stands with the Ukrainian people and condemns the Russian invasion of Ukraine in the strongest possible terms.
Classifications
AskAI Classifications
LabelsLinked Companies
