PTC Acquires SaaS PLM Provider Arena Solutions

JMI Equity Makes Strategic Growth Investment in Arena Solutions

August 1, 2017

Cloud & SaaS

JMI Equity has made a strategic growth investment in Arena Solutions, the provider of cloud-based product lifecycle management (PLM) and quality management software. JMI partners Brian Hersman and Suken Vakil will join Arena's board to support the company's next phase of product and market expansion.

Arena Solutions Acquires Omnify Software

October 24, 2018

Software

Arena Solutions, a cloud-based product realization platform, acquired Omnify Software, a provider of Product Lifecycle Management (PLM) software for discrete manufacturers. The acquisition brings Omnify's experienced staff and customers into Arena's portfolio while maintaining Omnify's Andover office and product support to accelerate product development and expand Arena's offerings in electronics, medical device, aerospace and telecom markets.

PTC Acquires ServiceMax for $1.46 Billion

November 17, 2022

Cloud & SaaS

PTC announced a definitive agreement to acquire ServiceMax, a cloud-native SaaS field service management provider, for approximately $1.46 billion in cash from an entity majority owned by Silver Lake. The acquisition is intended to extend PTC’s closed-loop PLM and digital thread capabilities into downstream enterprise asset management and field service management, and is expected to be accretive to PTC’s SaaS ARR and cash flow.

PTC Acquires Onshape

November 1, 2019

Cloud & SaaS

PTC completed the acquisition of Onshape, a cloud-native CAD and product development SaaS platform, to accelerate PTC's transition to a SaaS delivery model and expand its cloud CAD capabilities. Onshape will operate as a SaaS business unit within PTC with Jon Hirschtick reporting to PTC's CEO.

Systems Planning and Analysis (SPA) Acquires Arena Technologies LLC

December 8, 2021

Aerospace & Defense

Systems Planning and Analysis, Inc. (SPA) has acquired Arena Technologies LLC, a systems-engineering and advisory firm serving the space and national intelligence community. The deal expands SPA’s capabilities and customer access in the space domain and Intelligence Community, supporting SPA’s strategic inorganic growth plans.

Xerox Acquires Arena Group

January 30, 2020

IT Services

Xerox Holdings Corporation has acquired Arena Group, a U.K.-based provider of office technology, software and managed print services, to expand its presence in the European SMB market. The transaction has received government approval; terms were not disclosed.