PTC To Acquire Leading Enterprise Publishing Company Arbortext For $190 Million
NEEDHAM, Mass. – July 6, 2005 – PTC today announced it has entered into a definitive agreement to acquire Arbortext, Inc., a recognized leader in the emerging Dynamic Enterprise Publishing market, for $190 million in cash. Arbortext serves 1,700 customers worldwide in multiple industries, including discrete manufacturing, life sciences, financial services, insurance, publishing and government. With this acquisition, PTC will be uniquely positioned to enable customers to create, manage and dynamically publish critical information concurrently with the development of related products or services, improving time-to-market, quality, cost and customer satisfaction.