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PTC to Acquire SaaS PLM Leader Arena Solutions; Combination of Onshape and Arena to Enable PTC to Deliver Complete CAD + PLM SaaS Solution

Dec 14, 2020 - PR Newswire
Mergers and Acquisitions

PR Newswire

 PTC (NASDAQ: PTC) today announced that it has signed a definitive agreement to acquire Arena Solutions, Inc. (Arena Solutions) the industry's leading "software as a service" (SaaS) product lifecycle management (PLM) platform provider. The acquisition will further PTC's strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a completeCAD +PLM SaaS solution. Under the terms of the agreement, PTC wi...