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PTC acquires Intland to strengthen its ALM portfolio

PTC has acquired Intland Software, an application lifecycle management (ALM) company headquartered in Stuttgart, Germany, for approximately $280 million. Intland Software develops the Codebeamer ALM family of products, which includes a next-generation, cloud-based offering that supports agile development and DevOps practices. Acquisitions and embracing SaaS are important parts of PTC’s business strategy. With the acquisition, PTC is looking forward to ...

Ruchika Saini

PTC has acquired Intland Software, an application lifecycle management (ALM) company headquartered in Stuttgart, Germany, for approximately $280 million. Intland Software develops the Codebeamer ALM family of products, which includes a next-generation, cloud-based offering that supports agile development and DevOps practices. Acquisitions and embracing SaaS are important parts of PTC’s business strategy. With the acquisition, PTC is looking forward to strengthening its ALM portfolio and supporting customers in safety-critical and -regulated industries including automotive, life sciences, consumer electronics, and aerospace and defense, especially in the large automotive industries where products are increasingly differentiated by the software. PTC entered the ALM
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