Collaboration vendors collaborate: PTC acquires Ohio Design.NEEDHAM, MA -- PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (ptc.com) in April closed on a deal to acquire Ohio Design Automation (ohio-da.com), the New Hampshire-based electronics design collaboration software supplier, for $12 million in cash. Ohio Design will be run as a separate division, PTC told PCD&M, and all employees will be retained including president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Lane, who will become a senior vice president. InterComm, Ohio Design's flagship product, will be integrated into PTC's Windchill PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design software. The combined offering will permit the management of EDA design data across a company and enable concurrent design, PTC said. InterComm will also be offered as a standalone product. In a conference call with PCD&M, PTC senior VP of product marketing Bill Berutti said, "The need isn't just visualizing PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. data but also managing if and automating the design process. The only way to be credible is to own it." Ohio will use PTC's reseller market and its own (which includes some of PTC's competitors, including MatrixOne and UGS UGS In currencies, this is the abbreviation for the Uganda Shilling. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). Ohio Design was courted by at least five companies as an acquisition target, Lane said. "What made PTC stand out is its sales force (over 1,000), finances, and ability and willingness to keep Ohio Design intact." For its part, PTC said Ohio Design's technology ("far and away the best," says Berutti), footprint and customer satisfaction were factors. "For PTC it was incredibly strategic and obvious," Berutti said. "PTC has the largest footprint in MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design for electronics. About 30% of our business comes from electronics, which demands that PLM take note of PCB." Separately, PTC upped its first quarter revenue guidance to $164 million. The company previously guided for sales of $150 million to $160 million. |
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