The Arena Solutions acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD and PLM SaaS solution.
With the acquisition of Arena Solutions, PTC will deliver on the company’s SaaS strategy, expand the company’s market opportunity, accelerate ARR growth, and complement the existing technology portfolio.
On December 14, PTC announced that it intends to acquire Arena Solutions, the industry's leading “software as a service” (SaaS) product lifecycle management (PLM) platform provider. Pending regulatory approval and satisfaction of other closing conditions, the transaction is expected to be completed in January or February 2021.
Founded in 2000, Arena Solutions has approximately 160 employees worldwide. With headquarters in Foster City, California, the company profitably serves more than 1,200 customers across the electronics, high tech, and medical device industries. Core to Arena's value proposition is its ability to manage highly complex bills of materials (BOMs) and compliance with quality standards and regulatory requirements. For many companies, especially in the electronics, high tech, and medical device industries, BOM and quality management can be the most critical part of the product realization process. Seamlessly delivered via the cloud, Arena's customers can track, manage, and share product information from engineering to manufacturing, and across an extended supply chain.
$715M, net of cash acquired.
For customers, the benefits of SaaS are becoming increasingly important—faster time to value, faster innovation, improved collaboration, and lower total cost of ownership given the elimination of IT infrastructure to administer and maintain. Seamlessly delivered via the cloud, Arena Solutions' customers can track, manage, and share product information from engineering to manufacturing, and across an extended supply chain.
We will provide those details once the transaction has closed, which we expect to happen in January or February 2021.
PTC remains committed to bringing the benefits of SaaS to its existing customers. We expect to bring existing Creo CAD software and Windchill PLM software customers to the SaaS world in a fully compatible way leveraging our Atlas™ SaaS Platform.
Software as a Service (SaaS) solutions are helping industrial companies unlock double-digit value across the enterprise while maximizing collaboration and product innovation.
Page Not Found
Item not available in English.