PTC to Unify Management of Product Hardware and Software Development Lifecycles with Acquisition of MKS
PTC and MKS Inc., an application lifecycle management (ALM) technology developer, announced that they have entered into a definitive acquisition agreement pursuant to which PTC has agreed to acquire MKS for CDN$26.20 per share for an aggregate purchase price of approximately CDN$292.5 million in an all cash transaction. MKS Integrity coordinates and manages all activities and artifacts associated with developing software intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability. By unifying MKS’s ALM solutions with PTC’s PLM solutions, PTC will enable manufacturers to better align the management of a product’s hardware components and related software. Although software is considered a critical source of product innovation, software development is often managed separately from the hardware into which it is embedded. This can lead to reduced product quality and increased total service costs. By unifying the management of the hardware and software development lifecycles, PTC will foster greater collaboration between disparate engineering and development teams, enabling improved requirements management and system engineering.
Jeffrey Rowe is the editor of MCADCafé and MCAD Weekly Review. He can be reached at Email Contact or 719.221.1867.
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-- Jeff Rowe, MCADCafe.com Contributing Editor.
