PTC Acquires Hosting Provider NetIDEAS

PTC has acquired long-time partner NetIDEAS, a provider of software hosting and technical consulting services, specializing in the areas of product development and product lifecycle management (PLM).

Headquartered in Marlton, N.J., NetIDEAS has worked with PTC for more than a decade.

"Today is the culmination of a partnership more than a decade strong, and I believe this is an exciting opportunity for PTC, its customers, and the industry," said Marc Diouane, executive vice president, global services and partners at PTC. "This next stage of our relationship will yield positive benefits for the industry, as PTC guides its customers along multiple deployment paths to maximum technology value."

Since 2000, NetIDEAS has served as PTC's preferred hosting solution provider. In June, NetIDEAS added PTC Windchill Quality Solutions to its portfolio of PTC hosted solutions.

"By partnering with PTC over the last decade, thousands of users worldwide have come to trust our highly available and secure hosting infrastructure to meet their PLM needs," said Tom Rassmann, NetIDEAS president and CTO. "Our companies share great operational synergies as a result of our mutual history, and we look forward to continuing to help customers leverage the speed and efficiency of hosted application deployments."

For more information, visit PTC.

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