-
PTC is investing significantly in application lifecycle and software management acquisitions.
-
Pure-Systems' pure::variants, has been implemented by several prominent manufacturing organizations worldwide.
-
The acquisition aids in strengthening PTC's leadership in the application lifecycle management (ALM) domain.
Software provider PTC has acquired Pure-Systems, a specialist in product and software variant management solutions, as part of its fourth acquisition for application lifecycle management (ALM) portfolio expansion. PTC, based in Boston, has been on an acquisition spree, spending around $1.8 billion on acquisitions in the last 18 months. This acquisition aims to enhance the capabilities of PTC's Codebeamer ALM solution.
Manufacturing companies use pure-systems' solution, pure::variants, to manage software and systems engineering asset variations across product configurations. The addition of pure-systems will support PTC's position in the lead in the ALM market, drive additional ALM growth, and enhance relationships with customers in industries.
Jim Heppelmann, Chairman and CEO of PTC, stated that the acquisition of pure-systems introduced essential functionality to their ALM suite, holding significant importance for manufacturers worldwide. He noted that manufacturers increasingly relied on software to distinguish their products and create various product versions to cater to a wide range of customer needs. In particular, automakers, heavily invested in software-defined vehicles, required tightly integrated ALM and software variant management solutions to effectively plan and deliver diverse software configurations for their array of vehicle offerings. Jim Heppelmann expressed the belief that the combination of Codebeamer and pure::variants positioned PTC as one of the leading providers of software requirements, configuration, testing, and validation solutions within the market.
PTC's move reflects the growing trend among manufacturers to leverage software to differentiate products and cater to various customer needs. The acquisition is also designed to strengthen PTC's relationships with customers in regulated industries like aerospace, medical devices, and automotive manufacturing. Over the past year, PTC has acquired several companies, including ServiceMax, Intland Software, RE’FLEKT, and now Pure-Systems, to bolster its software management and ALM offerings.
Danilo Beuche, CEO of pure-systems, stated,
The pure-systems team is thrilled to join PTC and continues to support our manufacturing customers' needs for various software variant management solutions. PTC shares our focus on the critical needs for companies that make complex, regulated products and on the importance of an open ecosystem approach. We are proud of what the team of pure-systems has accomplished for our customers to this point, and we are excited to join PTC's ALM group to continue growing our position in this important market.
[Source: CISION PR Newswire]