PTC Acquires Atego, Fills Systems Engineering Gaps




During the PTC Live Global 2014 conference, PTC announced that it has acquired Atego, a developer of model-based systems and software engineering applications based in Cheltenham, U.K., for approximately $50 million in cash (2.5 times the company’s 2013 revenues). The acquisition adds to PTC’s portfolio of Windchill product lifecycle management (PLM) and MKS Integrity application lifecycle management (ALM) solutions, and strengthens PTC’s commitment to supporting its customers’ systems engineering initiatives with modeling capabilities.
 
Atego’s model-based systems engineering (MBSE) solution, called Artisan Studio, connects requirements engineering, architecture modeling, physical product definition, and system verification functions. The solution helps with efficiency and process standardization, allowing distributed and/or multi-disciplinary teams to collaboratively build digital models of complex systems.
 

The V model of the system engineering process

It is well known that most of the cost associated with any product stems from the early stages of the development process; as such, decisions made early on are critically important. Digital models can help manufacturers ascertain product viability and predict product performance early in the development process, thus reducing project time and decreasing project costs.
 
Automation of testing and validation capabilities makes sense for modeling the interdependencies of mechanical, electrical, and software engineering components. As designs get more complex, one can really no longer do this manually or in a multitude of siloed systems. It will be interesting to watch how PTC handles the integration of Atego, MKS Integrity, Windchill, and ThingWorx, its recently acquired Internet of Things (IoT) platform. Given that Atego has been PTC and MKS’ partner in the past, some groundwork might have already been laid.
 
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