PTC Acquires Vuforia

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.

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