Get the information about a recent acquisition between
3rd largest acquisition in tech industry
Delaware, April 20, 2022/IRCOITresearch/- The PTC announce today April 20, 2022, that it has signed a definitive agreement to acquire Next-Generation Application Lifecycle Management (ALM) to increase PTC’s market strength and customer outreach globally.
The acquisition was confirmed in PTC’s news article as about $280 million USD. Intland has a very unique most demanding product called “Codebeamer, and Codebeamer X” including a next-generation fully integrated offering a most demanding solution in the ALM market.
Well, it looks like PTC Acquire Intland Software and no doubt that the next-generation ALM market will be highlighted by PTC. The acquisition of a $280 million dollar deal looks fair considering its demand and supply. PTC must be planning something big to approach its tech partners/integrators/solution providers to come up with new ideas and how to make ‘Codebeamer’ a unique and special product.
The PTC’s CEO says “The addition of Codebeamer will broaden and deepen our ALM portfolio and enable us to further support our customer’s effort to incorporate sophisticated software systems into their products”.
To grab more information and the latest updates, you may review the official contents from https://www.ptc.com/en/news/2022/ptc-to-acquire-intland-software
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