NEEDHAM, MA – September 10, 2013 – PTC (Nasdaq: PMTC) today announced it has acquired long-time partner NetIDEAS, Inc., a leading provider of software hosting and technical consulting services specializing in the areas of product development and product lifecycle management (PLM).
Additional Resources
• NetIDEAS Acquisition Resource Center: http://www.ptc.com/company/netideas/
• PTC Windchill Interactive Experience: http://engage.vevent.com/log_thru.jsp?user=anonymous&pass=anonymous&eid=1049&seid=41
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PTC Expands Technology Deployment Options with Acquisition of Hosting Provider NetIDEAS
1. PTC Expands Technology Deployment Options with
Acquisition of Hosting Provider NetIDEAS
Deal Strengthens Long-Time, Successful Relationship
Delivering Hosted PLM Software to Customers Worldwide
NEEDHAM, MA – September 10, 2013 – PTC (Nasdaq: PMTC) today announced it has acquired
long-time partner NetIDEAS, Inc., a leading provider of software hosting and technical
consulting services specializing in the areas of product development and product lifecycle
management (PLM).
Headquartered in Marlton, New Jersey, NetIDEAS has worked with PTC for over a decade to
provide secure, reliable hosting environments for companies that require turn-key PLM
applications to support their complex, dynamic operations.
“Today is the culmination of a relationship more than a decade strong, and I believe this is an
exciting opportunity for PTC, its customers, and the industry,” stated Marc Diouane, Executive
Vice President, Global Services & 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, offering PTC
Windchill® solutions in a hosted environment to customers across a wide range of industries. 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.”
Additional Resources
NetIDEAS Acquisition Resource Center
PTC Windchill Interactive Experience
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About PTC
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service
advantage. The company's technology solutions transform the way products are created and
serviced across the entire product lifecycle – from conception and design to sourcing and
service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000
businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get
more information at www.ptc.com.
Forward Looking Statements and Risks
Statements in this press release about the expected combination of the solutions, including any
features or functionality, are forward-looking statements and actual results may differ
materially as a result of changes or delays in the integration of the solutions.
PTC, the PTC logo, Windchill and Quality Solutions are trademarks or registered trademarks of
PTC Inc. or its subsidiaries in the United States and in other countries.
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Contacts
PTC Corporate Communications
Beth Ambaruch
952.435.5058
bambaruch@ptc.com
WeberShandwick
Anand Savani
617.520.7290
asavani@webershandwick.com