PTC Acquires Intland, Strengthens its ALM Portfolio

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BOSTON, MA, USA, May 4, 2022 – PTC (NASDAQ: PTC) announced that it has completed its acquisition of Intland Software. The acquisition will significantly broaden and deepen PTC’s Application Lifecycle Management (ALM) footprint across safety-critical and regulated industries, including automotive, life sciences, consumer electronics, and aerospace and defense. PTC plans to offer the Intland Codebeamer next-generation ALM suite standalone and in conjunction with both its Windchill and Arena PLM offerings, and to continue to enhance and support its current ALM solution.

“We are pleased to complete the acquisition of Intland,” said Jim Heppelmann, President and CEO, PTC. “Codebeamer is fast becoming the new standard in safety-critical and regulated industries as products are increasingly differentiated by software. The addition of Codebeamer to our ALM suite will bolster both ALM and PLM growth potential by significantly increasing our product strength and market momentum.”

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. For more information, please visit www.ptc.com.