FAQ: PTC Acquires pure-systems
What happened?
On October 4, PTC acquired pure-systems, a leading provider of product and software variant management solutions. Manufacturing companies use pure-systems’ pure::variants™ solution to efficiently manage the different variations of software and systems engineering assets across their product configurations.
Who is PTC?
PTC is a global software company that enables industrial manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally.
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Why did PTC acquire pure-systems?
PTC and pure-systems have partnered for many years, and pure::variants is already integrated with, and directly complements, PTC’s Codebeamer® application lifecycle management (ALM) solution. pure::variants similarly complements PTC’s Windchill® product lifecycle management (PLM) solution. The addition of pure-systems is expected to support PTC’s leading position in the fast-growing ALM market and enhance relationships with customers, especially in regulated industries, which are increasingly prioritizing software in their product designs.
Is PTC committed to openness with third party products?
Just like pure-systems, PTC is committed to openness, which is proven by a long history of integrations with third party products – even when they are from competitive vendors. PTC’s approach is to add value by complementing and extending the technology investments that its customers have already made. The holistic product line engineering approach that makes pure::variants a leading solution builds on its ability to connect with many engineering tools and solutions. PTC will continue this strategy of openness.
Will this acquisition impact the pure-systems connectors which are not to PTC products?
PTC and pure-systems share a “customer-first” philosophy. As a result, the product strategies of both companies are to bring innovations to market that can add value for our customers while maintaining continuity of the proven-in-use capabilities. PTC and pure-systems share a commitment to openness with third party products. pure-systems’ extensive set of connectors will therefore continue to be an important part of the offering.
How does this acquisition impact how pure-systems interacts with its customers and partners?
The pure-systems team will continue to operate as a unit inside PTC’s Digital Thread group. Therefore, customers and partners should not expect any material change in their day-to-day interactions with pure-systems.
Will this acquisition impact pure-systems' go-to-market strategy, and specifically its relationship with channel partners?
Channel partners are an important part of PTC’s overall go-to-market strategy. Since the pure-systems team continues to operate as a unit inside PTC’s Digital Thread group, channel partners should not expect any material change in their day-to-day interactions with pure-systems.
Will channel partners need to sign new partner contracts directly with PTC as a result of this acquisition?
Not at this time. The pure-systems team will continue to operate as a unit inside PTC’s Digital Thread group, and, as channel partners are an important part of PTC’s overall go-to-market strategy, channel partners should not expect any material change in their day-to-day interactions with pure-systems, though that may evolve over time.
Will this acquisition impact pure-systems' historic commitment to co-innovation projects with its customers and partners?
PTC and pure-systems share a “customer-first” philosophy. Current projects and commitments will continue as planned. pure-systems will now be surrounded by a much larger organization with greater resources that can help it scale to continue meeting emerging customer needs without undermining pure-systems' ability to be agile in its business execution.
Will this acquisition impact pure-systems' current product roadmap?
While PTC and the pure-systems team will quickly work on additional customer value through further improvements in the existing Codebeamer integration, we expect no immediate change to the current product roadmap and will prioritize continuity. As part of PTC, pure-systems will now be surrounded by a much larger organization with greater resources that can help it scale to continue meeting customer needs and continue to be agile in its business execution.
Will this acquisition impact pure-systems' investment in R&D?
As part of PTC, pure-systems will now be surrounded by a much larger organization with greater resources that can help it scale, while the team will continue to operate as a unit inside PTC’s Digital Thread group.
Will this acquisition change my point of contact at pure-systems?
No. The pure-systems team will continue to operate business as usual as a unit inside PTC’s Digital Thread group. To the extent applicable, PTC will communicate potential future changes directly with those affected.
Forward-Looking Statements by PTC
This FAQ document contains statements about future events and expectations, including the effects of the acquisition on our future growth and customer base, the expected value of the acquired technology to our business, and the integration of and expectations about the companies' product offerings. These statements are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from those projected as a result of certain risks and uncertainties, including that the acquired technology may not provide the access to new customers and markets that we expect if those customers and markets are not receptive to the technology; existing customers may elect to replace their solutions with competitors' solutions; we may be unable to integrate the acquired technology when or as we expect and plans and expectations with respect to the companies' products could change; key pure-systems employees may not stay with PTC, which could disrupt the pure-systems business and our ability to successfully integrate and operate the pure-systems business; and other risks and uncertainties described in PTC's filings with the U.S. Securities and Exchange Commission.
PTC, pure-systems, pure::variants, Codebeamer, Windchill, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.