Onshape Dwarfs Other PTC Acquisitions
PTC’s buy and build strategy continues with the completion of its acquisition of product development platform provider Onshape for US$470 million.
Not only is Onshape PTC’s largest acquisition to date (previous acquisitions have been around US$100 million), it also cements the firm’s shift away from the perpetual licensing model and enables the firm to target the Small and Medium-sized Business (SMB) segment. Onshape is testament to the SMB segment’s acceptance of Software-as-a-Service (SaaS) solutions for Computer-Aided Design (CAD) and Product Lifecycle Management (PLM), but the enterprise segment remains wedded to on-premise solutions for the time being. With its acquisition of Onshape, PTC will be able to offer enterprise customers both types of solutions as SaaS-based applications gain traction, which ensures that PTC won’t be left only offering obsolete technologies. PTC’s results going forward w...
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