PTC’s SaaS Acquisitions Continue with the Purchase of Arena Solutions

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By Michael Larner | 1Q 2021 | IN-6024

 

Ticket Price for Arena Solutions Is a New Record for PTC

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PTC announced on December 14th that it had reached a definitive agreement to acquire Arena Solutions, a provider of Software-as-a-Service” (SaaS) Product Lifecycle Management (PLM) software, for US$715 million. The acquisition is expected to be completed in January or February 2021.

While enterprise customers remain, for the time being, wedded to on-premise CAD and PLM solutions, SMB customers have gravitated to SaaS-based solutions from the likes of Siemens and Autodesk. For PTC, the acquisition of Arena Solutions will enable the firm to address SMB’s PLM requirements and complements the previous record acquisition of CAD software supplier Onshape, which was purchased in October 2019 for US$470 million (see ABI Research Insight PTC’s Acquisition of Onshape Highlights the Need for SaaS-Ready Solutions as Manufacturers Prepare to Move Away from On-Premise Applications (You must be a subscriber to view this ABI Insight.
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