- pure-systems' pure::variants solution adopted by some of the
world's largest manufacturing companies for managing software and
product variants.
- Acquisition supports PTC's ALM leadership across automotive,
medical device, aerospace, and other safety-critical and regulated
industries.
BOSTON, Oct. 4, 2023 /PRNewswire/
-- PTC (NASDAQ: PTC) today announced that it has acquired
pure-systems, a leading provider of product and software variant
management solutions. Manufacturing companies use pure-systems'
pure::variants® solution to efficiently manage the different
variations of software and systems engineering assets across their
product configurations. PTC and pure-systems had partnered prior to
the acquisition, and pure::variants is already integrated with and
directly complements PTC's Codebeamer® application lifecycle
management (ALM) solution and similarly complements PTC's
Windchill® product lifecycle management (PLM) solutions. The
addition of pure-systems is expected to support PTC's leading
position in the fast-growing ALM market, drive additional ALM
growth, and enhance relationships with customers in regulated
industries – including automotive, aerospace, and medical device
manufacturers – which are increasingly prioritizing software in
their product designs.
"The acquisition of pure-systems adds important functionality to
our ALM suite that is critical to manufacturers around the world,"
said Jim Heppelmann, Chairman and
CEO, PTC. "Manufacturers are increasingly turning to software to
differentiate their products and to create different versions of
their products to address the full range of customer needs. In
particular, automakers that are investing heavily in
software-defined vehicles require tightly integrated ALM and
software variant management solutions to plan and deliver the
different software configurations that power their range of vehicle
offerings. We believe that the combination of Codebeamer and
pure::variants positions PTC as one of the leading providers of
software requirements, configuration, testing, and validation
solutions in the market."
"The pure-systems team is thrilled to join PTC and continue
supporting our manufacturing customers' needs for software variant
management solutions," said Danilo
Beuche, CEO, pure-systems. "PTC shares our focus on this
critical need for companies that make complex, regulated products
and on the importance of an open ecosystem approach. We are proud
of what the pure-systems team has accomplished for our customers to
this point, and we are excited to join PTC's ALM group to continue
to grow our position in this important market."
About PTC
PTC (NASDAQ: PTC) is a global software company that enables
industrial and manufacturing companies to digitally transform how
they engineer, manufacture, and service the physical products that
the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000
people and supports more than 30,000 customers globally. For more
information, please visit www.ptc.com.
Forward-Looking Statements
This news release contains statements about future events and
expectations, including the effects of the acquisition on our
future growth and customer base, the expected value of the acquired
technology to our business, and the integration of and expectations
about the companies' product offerings. 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
and plans and expectations with respect to the companies' products
could change; key pure-systems employees may not stay with PTC,
which could disrupt the pure-systems business and our ability to
successfully integrate and operate the pure-systems business; and
other risks and uncertainties described in PTC's filings with the
U.S. Securities and Exchange Commission.
Media Contact
United
States:
Greg Payne
gpayne@ptc.com
Germany:
Libby Fink
jfink@ptc.com
Investor Contact
Matt Shimao
mshimao@ptc.com
PTC, pure-systems, pure::variants, Codebeamer, Windchill, and
the PTC logo are trademarks or registered trademarks of PTC Inc. or
its subsidiaries in the United
States and other countries.
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SOURCE PTC Inc.