PTC Completes Acquisition of Intland Software
PTC has signed a definitive agreement to acquire Intland Software. Intland develops and markets the Codebeamer™ application lifecycle management (ALM) family of software products, including a next-generation, cloud-ready, fully integrated offering. The acquisition is expected to significantly broaden and deepen PTC’s ALM footprint across safety-critical and regulated industries. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC’s fiscal third quarter.
PTC has signed a definitive agreement to acquire Intland Software for $280 million. Subject to the satisfaction of applicable closing conditions, the transaction is expected to be completed in PTC’s fiscal third quarter.
What is Intland Software?
Intland Software is an independent software company that develops and markets the Codebeamer Application Lifecycle Management (ALM) family of products, including a next-generation, cloud-ready, fully integrated offering.
Where is Intland Software based?
Intland Software is headquartered in Stuttgart, Germany. Most of Intland Software’s employees are based in Stuttgart and Budapest, Hungary.
What is the profile of a traditional Intland customer?
Intland supports global companies that operate primarily in the automotive, life sciences, consumer electronics, and aerospace and defense industries.
Why did PTC decide to acquire Intland Software?
Acquisitions are an important part of PTC’s strategy. In this case, PTC saw an opportunity to acquire an ALM family of products, including a next-generation, cloud-ready, fully integrated offering that supports agile development and DevOps practices. This acquisition is expected to support PTC’s customers that incorporate sophisticated software components into their products.
How will Intland Software be integrated with PTC?
PTC plans for Intland to join the Digital Thread business unit. PTC will share more about its plans for Intland once the acquisition is completed.
Does the acquisition of Intland Software mean that PTC is discontinuing its Windchill RV&S business?
No. PTC plans to continue to sell, support, and enhance Windchill RV&S.
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