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Boston software company PTC strikes $1.5 billion deal to acquire California firm

Por: The Boston Globe Tech November 17, 2022

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Boston design and machine management software company PTC is buying maintenance software firm ServiceMax for almost $1.5 billion, the companies said on Thursday.The deal marks the largest acquisition yet for PTC chief executive Jim Heppelmann, who has been expanding the company’s reach by buying smaller rivals for over a decade. In April, Heppelmann agreed to buy Intland Software for $280 million, and he bought Arena Solutions in 2021 for $715... + full article



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