Technology Enables Customers to Bring Smart, Connected Products to Market Faster
NEEDHAM, MA - July 1, 2014 - PTC (Nasdaq: PTC) has completed its acquisition of Atego, a developer of model-based systems and software engineering applications.The acquisition enhances PTC's portfolio of product lifecycle management (PLM) and application lifecycle management (ALM) solutions and strengthens PTC's commitment to supporting its customers' systems engineering initiatives with powerful modeling capabilities.
Atego's market-leading Model-Based Systems Engineering (MBSE) solution connects requirements engineering, architecture modeling, physical product definition, and system verification functions. This enables efficiencies and process standardization, allowing distributed teams to collaboratively build digital models of complex systems while managing system variability and enabling reuse. These capabilities are increasingly important in a world of smart, connected products in which manufacturers must concurrently develop systems that consist of sophisticated mechanical, electrical, and software components.
"For PTC customers, there is increasing importance for multifunctional teams to work in concert while modeling the interdependencies of mechanical, electrical, and software engineering components," stated Brian Shepherd, EVP Enterprise Segments, PTC. "Atego extends our existing ALM and PLM technologies and directly supports customers' needs to integrate multiple systems engineering disciplines."
Atego's products are used by such companies as Alstom Transport, ATLAS ELEKTRONIK, and PSA Peugeot Citroën to improve their systems engineering processes.
PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.
PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage. PTC's technology solutions help customers transform the way they create, operate, and service products for a smart, connected world. Founded in 1985, PTC employs approximately 6,000 professionals serving more than 28,000 businesses in rapidly-evolving, globally-distributed manufacturing industries worldwide.
PTC Corporate Communications Beth Ambaruch 952.435.5058 email@example.com
WeberShandwick Anand Savani 617.520.7290 firstname.lastname@example.org
The PTC advantage is fueled by technology solutions that transform the way you create, operate and service products.
Our technology enabled solutions transform the way that products are created, operated, and serviced in the Internet of Things.
Our comprehensive business process expertise, helps reveal — and prioritize — opportunities for ongoing product and service advantage.
PTC solutions help you tackle the real challenges manufacturers and service providers face every day.
See how PTC can help you optimize the system of people, processes and technology to enable greater service performance. Learn more.
See how PTC can help ensure on-going product and supplier compliance. Learn More.
Industry leading software technology is at the heart of every PTC solution.
Thousands of Pro/ENGINEER customers have already made the move to PTC Creo Parametric. Learn more.
PTC Windchill 10 upgrade includes a new user experience, more product capabilities and real-time cost analysis.
PTC Global Services helps the world's leading manufacturing companies realize the promise of PTC solutions.
How to select the right provider to optimize application performance
Strategies to make your organization more productive
Whatever your role in the worldwide PTC community, these resources will deepen and enrich your experience.
Relive some of the best moments of the 2014 event in Boston. View event highlights and on-demand keynotes.
Add to the discussions and showcase your work to product development professionals from around the world.
Support solutions that accelerate and sustain your advantage.
PTC is transforming your online technical support experience. The award-winning eSupport portal homepage provides personalized, fast access to product knowledge and case resolution. Don't have an Account? Create an account today
Support is more than just keeping you up and running. It’s about optimizing performance and productivity, helping you control costs and risk. Accelerate and sustain your advantage by renewing Support on time.
PTC Corporate Headquarters 140 Kendrick Street Needham, MA 02494, USA
Phone: (781) 370-5000 Fax: (781) 370-6000