PTC Completes Acquisition of Intland Software
Summary
The acquisition will significantly broaden and deepen PTCs Application Lifecycle Management (ALM) footprint across safety-critical and regulated industries, including automotive, life sciences, consumer electronics, and aerospace and defense. "Codebeamer is fast becoming the new standard in safety-critical and regulated industries as products are increasingly differentiated by software. 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. This news release contains statements about future events and expectations, including the effect of the acquisition on the growth of our ALM and PLM solutions, the expected value of the acquired technology to our business, and continued enhancement and support for our current ALM suite. These statements are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from those projected as a result of certain risks and uncertainties, including that the acquired technology may not provide the access to new customers and markets that we expect if those customers and markets are not receptive to the technology; existing customers may elect to replace their solutions with competitors solutions; we may be unable to integrate the acquired technology when or as we expect, which could adversely affect our ability to offer additional ALM solutions; customers may not adopt ALM solutions for product development as we expect, which would adversely affect our business; key Intland employees may not stay with PTC, which could disrupt the Intland business and our ability to successfully integrate and operate the Intland business; we may decide to discontinue enhancement and support of our ALM solutions or some of Intlands solutions; and other risks and uncertainties described in PTCs filings with the U.S. Securities and Exchange Commission.
