During the PTC Live Global 2014 conference, PTC announced that it has acquired Atego, a developer of model-based systems and software engineering applications. Atego’s model-based systems engineering (MBSE) solution, called Artisan Studio, connects requirements engineering, architecture modeling, physical product definition, and system verification functions.
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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