PTC Acquires Servigistics

Perspectives on the Acquisition

Bill Berutti

Bill Berutti
Executive Vice President, SLM Segment, PTC

NEEDHAM, Mass., October 2, 2012 - PTC (Nasdaq: PMTC) today completed its previously-announced acquisition of Servigistics, Inc., developer of an innovative suite of service lifecycle management (SLM) software solutions. The combination of the two companies firmly establishes PTC's market leadership in SLM by positioning PTC with the most comprehensive "system for service" in the industry.

With over 27,000 customers worldwide, PTC has long been known for its world-class technology solutions that optimize the way companies create products. By adding Servigistics, PTC is now fully able to help global manufacturers service those same products. From a technology perspective, PTC's SLM solution portfolio is now unparalleled in the industry, covering: technical information, service knowledge management, service parts management, warranty and contract management, field service management, and service logistics.

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