Acquisition of Intland Software

Today, PTC announced the com­ple­tion of its acqui­si­tion of Int­land Soft­ware. The acqui­si­tion will sig­nif­i­cant­ly broad­en and deep­en its appli­ca­tion life­cy­cle man­age­ment (ALM) pres­ence in safe­ty-crit­i­cal and reg­u­lat­ed indus­tries such as auto­mo­tive, life sci­ences, con­sumer elec­tron­ics and aero­space. The com­pa­ny plans to offer Int­land’s next-gen­er­a­tion Code­beam­er™ ALM suite both as a stand­alone solu­tion and in con­junc­tion with its Wind­chill and Are­na PLM offer­ings, as well as to fur­ther enhance and sup­port its cur­rent ALM solution.

“We are pleased to have com­plet­ed the acqui­si­tion of Int­land. Code­beam­er is quick­ly 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 strength­en both ALM and PLM growth poten­tial by sig­nif­i­cant­ly increas­ing the strength of our prod­ucts and mar­ket momentum.”

- Jim Hep­pel­mann, Pres­i­dent and CEO

Forward-looking statements

This press release con­tains state­ments about future events and expec­ta­tions, includ­ing the clos­ing of the acqui­si­tion, the impact of the acqui­si­tion on our future growth and cus­tomer base, the expect­ed val­ue of the acquired tech­nol­o­gy to our busi­ness, and the inte­gra­tion of and expec­ta­tions for the com­pa­nies’ prod­uct offerings.

These state­ments are “for­ward-look­ing state­ments” that involve risks and uncer­tain­ties that could cause actu­al results to dif­fer mate­ri­al­ly from those pro­ject­ed, includ­ing that clos­ing con­di­tions may not be sat­is­fied or waived when or in the man­ner anticipated;

That the acquired tech­nol­o­gy may not pro­vide the access to new cus­tomers and mar­kets that we expect if those cus­tomers and mar­kets are not recep­tive to the tech­nol­o­gy; exist­ing cus­tomers may choose to replace their solu­tions with solu­tions from com­peti­tors; we may not be able to inte­grate the acquired tech­nol­o­gy when or as we expect, and plans and expec­ta­tions regard­ing the com­pa­nies’ prod­ucts may change; key Int­land employ­ees may not remain with the com­pa­ny, which could dis­rupt the busi­ness and our abil­i­ty to suc­cess­ful­ly inte­grate and oper­ate it; and oth­er risks and uncer­tain­ties described in fil­ings with the U. S. Secu­ri­ties and Exchange Commission.