PTC Acquires Atego
Three years after having acquired MKS, PTC complete its ALM offer for software development with the acquisition of Atego, the British developer of model-based systems and software engineering applications for approximately $50 million in cash.
The acquisition enhances PTC’s portfolio of product lifecycle management (PLM) and application lifecycle management (ALM) solutions, and strengthens PTC’s commitment to supporting its customers’ systems engineering initiatives with powerful modeling capabilities.
Atego’s market-leading Model-Based Systems Engineering (MBSE) solution connects requirements engineering, architecture modeling, physical product definition, and system verification functions. In doing so, it drives efficiencies and process standardization, allowing distributed teams to collaboratively build digital models of complex systems, while managing system variability and enabling reuse. These capabilities are increasingly important in a world of smart, connected products in which manufacturers must concurrently develop systems that consist of sophisticated mechanical, electrical, and software components.
Most of the cost associated with any product occurs early in the development process. As such, good decisions made early – while architecting ideas – are critically important. With digital models, manufacturers can ascertain product viability and predict product performance early in the development process, thereby reducing project time and decreasing project costs.