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PTC Acquires Servigistics

Acquisition adds service lifecycle management capabilities to PLM suite.

Acquisition adds service lifecycle management capabilities to PLM suite.

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By DE Editors

PTC  has signed a definitive agreement to acquire Servigistics, which offers a suite of service lifecycle management (SLM) software solutions, for approximately $220 million in cash.  Pending regulatory approval and satisfaction of other customary conditions, the transaction should be completed in September 2012.
 
According to the company, the acquisition will enhance PTC’s existing portfolio of SLM solutions, which includes capabilities in the areas of warranty and contract management, service parts definition, and technical information. Servigistics provides capabilities in complementary areas such as service parts planning, management and pricing, field service management, returns and repair management, and service knowledge management.

For more information, visit PTC and Servigistics.

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

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DE Editors

DE’s editors contribute news and new product announcements to Digital Engineering.
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