PTC Acquires Onshape

November 1, 2019

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.

Buyers
PTC
Targets
Onshape
Industry
Cloud & SaaS
Location
Massachusetts, United States
Transaction Type
Buyout

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