PTC to Acquire Intland Software
April 20, 2022

PTC signed a definitive agreement to acquire Intland Software for approximately $280 million.

Intland develops and markets the Codebeamer™ Application Lifecycle Management (ALM) family of software products, including a next-generation, cloud-ready, fully integrated offering. The acquisition is expected to significantly broaden and deepen PTC's ALM footprint across safety-critical and regulated industries. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC's fiscal third quarter.

"The addition of Codebeamer will broaden and deepen our ALM portfolio and enable us to further support our customers' efforts to incorporate sophisticated software systems into their products," said Jim Heppelmann, President and CEO, PTC. "This acquisition will also complement our strengths in PLM and model-based systems engineering as part of our Digital Thread portfolio strategy."

Intland is headquartered in Stuttgart, Germany and serves an impressive array of global enterprise ALM customers operating across the automotive, life sciences, consumer electronics, and aerospace and defense industries.

Key to Codebeamer's success is its flexible and modern, easy-to-use interface. Codebeamer provides customers with requirements-, risk-, and test-management capabilities, while supporting contemporary agile software development and integrating with the best-in-class DevOps and source code management tools that software developers love. Codebeamer's pre-built templates and partner integrations make it easier for customers to meet the stringent requirements common in regulated industries.

PTC plans to offer Codebeamer standalone and in conjunction with both its Windchill and Arena PLM offerings, and to continue to enhance and support its existing ALM solution.

"Our Codebeamer offerings are a perfect complement to PTC's portfolio of product development solutions ..." said Janos Koppany, CEO, Intland Software.

The transaction will be funded with cash on hand and amounts borrowed under PTC's existing credit facility. Management plans to discuss the expected impact of the Intland acquisition on PTC's financial and operating metrics during its fiscal Q2 quarterly earnings call on April 27.

Centerview Partners LLC acted as exclusive financial advisor to PTC on the transaction.

Share this

Industry News

June 27, 2022

Delinea announced the latest release of DevOps Secrets Vault.

June 27, 2022

Jit announced a $38.5 million seed funding round and launched a free beta version which automates product security.

June 27, 2022

Platform.sh raised $140 million in Series D funding.

June 23, 2022

Akana by Perforce now offers BlazeMeter to customers, previously a solution with Broadcom Layer7.

June 23, 2022

Coder announced the release of a new open source project that gives developers and data scientists a consistent, secure, yet flexible way to create cloud workspaces in minutes.

June 23, 2022

GitGuardian is announcing a series of new features to address developer experience in securing the software development lifecycle.

June 22, 2022

OctoML released a major platform expansion to accelerate the development of AI-powered applications by eliminating bottlenecks in machine learning deployment.

June 22, 2022

Snow Software announced new functionality and integrations for Snow Atlas, a purpose-built platform that provides a framework to accelerate data-driven technology decision-making.

June 22, 2022

Traefik Labs launched Traefik Hub, a new cloud service that eliminates the complexity of management and automation of Kubernetes and Docker networking at scale.

June 21, 2022

The Linux Foundation, the nonprofit organization enabling mass innovation through open source, announced the new Open Programmable Infrastructure (OPI) Project.

June 21, 2022

Docker announced the acquisition of Atomist, a company founded to improve developer productivity and keep cloud native applications safe.

June 21, 2022

SmartBear released BitBar, an all-in-one web and native mobile app testing solution.

June 16, 2022

Armory announced general availability of Armory Continuous Deployment-as-a-Service.

June 16, 2022

Infragistics announced the launch of App Builder On-Prem.

June 16, 2022

LambdaTest launched Test-at-Scale (TAS), a test intelligence and observability platform, to help development teams with shift-left testing.