Saturday, May 18, 2024

PTC Acquires pure-systems, Strengthens its Footprints Across ALM and Regulated Industries

BOSTON, MA, USA, Oct 4, 2023 – PTC (NASDAQ: PTC) today announced that it has acquired pure-systems, a leading provider of product and software variant management solutions. Manufacturing companies use pure-systems’ pure::variants solution to efficiently manage the different variations of software and systems engineering assets across their product configurations. PTC and pure-systems had partnered prior to the acquisition, and pure::variants is already integrated with and directly complements PTC’s Codebeamer application lifecycle management (ALM) solution and similarly complements PTC’s Windchill® product lifecycle management (PLM) solutions. The addition of pure-systems is expected to support PTC’s leading position in the fast-growing ALM market, drive additional ALM growth, and enhance relationships with customers in regulated industries – including automotive, aerospace, and medical device manufacturers – which are increasingly prioritizing software in their product designs.

“The acquisition of pure-systems adds important functionality to our ALM suite that is critical to manufacturers around the world,” said Jim Heppelmann, Chairman and CEO, PTC. “Manufacturers are increasingly turning to software to differentiate their products and to create different versions of their products to address the full range of customer needs. In particular, automakers that are investing heavily in software-defined vehicles require tightly integrated ALM and software variant management solutions to plan and deliver the different software configurations that power their range of vehicle offerings. We believe that the combination of Codebeamer and pure::variants positions PTC as one of the leading providers of software requirements, configuration, testing, and validation solutions in the market.”

“The pure-systems team is thrilled to join PTC and continue supporting our manufacturing customers’ needs for software variant management solutions,” said Danilo Beuche, CEO, pure-systems. “PTC shares our focus on this critical need for companies that make complex, regulated products and on the importance of an open ecosystem approach. We are proud of what the pure-systems team has accomplished for our customers to this point, and we are excited to join PTC’s ALM group to continue to grow our position in this important market.” 

About PTC (NASDAQ: PTC)

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, visit www.ptc.com.

Nitin Patil
Nitin Patil
Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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