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PTC Completes Acquisition of Arena Solutions; - Combination of Arena Solutions and Onshape Positions PTC as the Market Leader in SaaS CAD + PLM

Jan 19, 2021 - PR Newswire
Board and Executive Moves-Mergers and Acquisitions-Financial Results

PR Newswire

PTC (NASDAQ: PTC) has completed itsacquisition of Arena Solutions, the industry's leadingsoftware as a service (SaaS)product lifecycle management (PLM) solution. The combination of Arena Solutions and Onshape, which PTC acquired in 2019, establishes PTC as the leading provider of pure SaaS solutions for the product development market and broadly extends PTC's presence in the attractive mid-market, where SaaS solutions are becoming the standard.

"Together, Arena So...