PTC Acquires CoCreate to Offer Full MCAD Range

By DE Editors

PTC (Needham, MA) is to acquire CoCreate Software GmbH (Sindelfingen, Germany), a privately held provider of PLM and CAD modeling solutions, for approximately $250 million. With this acquisition, PTC will broaden its portfolio to offer support for a comprehensive range of modeling techniques in the MCAD industry.

PTC plans to integrate the CoCreate modeling solutions with the PTC Product Development System (PDS) in order to offer CoCreate customers additional product development capabilities, including engineering calculations, dynamic publishing, visualization, high-speed machining, and enterprise content and process management, and ultimately, the option of using their modeling solutions also as part of the PTC PDS.

"Each modeling approach has its own advantages," said Jim Heppelmann, executive vice president and chief product officer of PTC, "and only PTC will have an objective view that allows us to map the appropriate modeling approach to a given customer situation, yet encase that modeling approach in a full product development system. In line with industry trends, we expect the majority of our modeling business will continue to come from our flagship parametric solution, Pro/ENGINEER. CoCreate customers who prefer explicit modeling will now have a complete product development system as a viable option."

For further details, visit PTC.

Sources: Press materials received from the company and additional information gleaned from the company's website.