PTC Adds Augmented Reality Leader Vuforia to Portfolio
PTC CEO, Jim Heppelmann, discusses the Vuforia acquisition and the capabilities it brings to PTC’s expanding portfolio.
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.