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.
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