PTC Completes Acquisition of Vuforia
Purchase Extends PTC’s Strategy for Digital and Physical Convergence; PTC Commits to Continued Growth of Vuforia Technology and Community
NEEDHAM, MASS., November 3, 2015 – PTC (NASDAQ: PTC) announced today it has completed its acquisition of the Vuforia business from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated. The Vuforia™ platform is the industry’s most advanced and widely adopted augmented reality (AR) technology platform. The acquisition enhances PTC’s technology portfolio and accelerates PTC’s strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.