PTC Completes Acquisition of Atego
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.