PTC (Nasdaq: PMTC) today announced it has signed a
definitive agreement to acquire Servigistics, Inc., developer of an
innovative suite of service lifecycle management (SLM) software
solutions, for approximately $220 million in cash. Pending regulatory
approval and satisfaction of other customary conditions, the transaction
is expected to be completed in September 2012.
The acquisition will greatly enhance PTC’s existing portfolio of SLM solutions which, today, includes robust capabilities in the areas of warranty and contract management, service parts definition, and technical information – including mobile delivery. Servigistics is recognized as a technology leader in complementary areas such as service parts planning, management and pricing, field service management, returns and repair management, and service knowledge management. In combination, the solutions will dramatically accelerate PTC’s ability to help discrete manufacturers transform their service strategies and operations into a true source of sustainable competitive edge – what PTC describes as “service advantage.”