PTC gets SaaS PLM with the acquisition of Arena

PTC announced plans to acquire SaaS PLM company, Arena Solutions of Foster City, for $715 million in cash. The deal is expected to close in PTC’s fiscal Q2 2021. In the announcement, PTC CEO Jim Heppelmann said Arena would become part of PTC’s effort to become “the industrial SaaS leader,” building on the work that PTC is putting into its ...

Kathleen Maher

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