The purchase price is not being disclosed, PTC said in a press release that noted that the two companies have worked together for more than a decade.
“Today is the culmination of a relationship more than a decade strong, and I believe this is an exciting opportunity for PTC, its customers, and the industry,” PTC executive vice president Marc Diouane said in a statement. “This next stage of our relationship will yield positive benefits for the industry, as PTC guides its customers along multiple deployment paths to maximum technology value.”
PTC currently has more than 6,000 employees serving more than 27,000 businesses worldwide.
Chris Reidy can be reached at firstname.lastname@example.org.