PTC has announced a definitive agreement has been reached to acquire Intland Software for approximately $280m (£215m).
The Industrial Internet of Things (IIoT) specialist, which operates in the UK from its state-of the-art base in Farnborough, is looking to significantly broaden and deepen its Application Lifestyle Management (ALM) footprint across safety-critical and regulated industries. Expected to close in PTC’s fiscal third quarter, the deal will leverage Intland’s Codebeamer™ ALM family of software…
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