PTC is claiming the industry’s most comprehensive suite of CAD modelling solutions, following completion of its takeover of CoCreate Software for $250 million cash.
With this acquisition, PTC now embraces all accepted approaches to mechanical modelling – parametric, explicit, derived and 2D – and claims to be the only vendor to offer all of them.
“The acquisition of CoCreate enables PTC to broaden its customer base, its distribution channel and its product offering,” comments Richard Harrison, president and CEO of PTC.
“PTC is committed to maintaining, enhancing and further developing all CoCreate products indefinitely, including OneSpace Modeling, OneSpace Drafting, OneSpace Model Manager, OneSpace Drawing Manager, OneSpace Live! and OneSpace.net,” he adds.
PTC says it will continue to offer all CoCreate solutions as stand-alone offerings, but that it also plans to integrate CoCreate solutions with the PTC Product Development System (PDS) to offer CoCreate users additional capabilities, such as engineering calculations, dynamic publishing, visualisation, high-speed machining and enterprise content and process management.
Customers seem happy. Ryan White, mechanical engineering manager at Intermec, a long-standing PTC and CoCreate user, for example, says: “We believe we will benefit not only by being able to purchase these solutions from one vendor, but also from the planned integration of the solutions, which should enable us to lower our total cost of ownership and ease transfer of files between tools.”
And Allan Fotinopoulos, senior business product lifecycle development architect at Pitney Bowes, adds: “PTC’s acquisition of CoCreate will provide significant value for end users… We look forward to seeing how the tools will complement each other to provide added value to various product development programmes at Pitney Bowes, as well as seeing integration plans to assist us in adopting a complete PLM solution in the future.”
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