STUTTGART, GERMANY — 20 APR 2022 — Intland Software, the German Application Lifecycle Management company, today announced that it has signed a definitive agreement with product engineering innovator PTC for PTC to acquire the company.
Based in Boston, Massachusetts, PTC is a software and services company that manages a unique portfolio of CAD, PLM, IoT, and AR technologies. The addition of Intland Software’s codebeamer Application Lifecycle Management platform will expand PTC’s current product portfolio, supporting the company’s efforts to create a closed loop between the digital and physical worlds.
Leveraging Intland Software’s technological prowess and market presence in safety-critical industries, this acquisition will significantly broaden and deepen PTC’s ALM footprint. The acquisition, subject to the satisfaction of applicable closing conditions, is expected to close in PTC’s fiscal third quarter.
“The entire Intland team is proud of the success we have had developing and delivering a modern ALM offering that has been widely accepted in the market,” said Janos Koppany, CEO, Intland Software. “Our codebeamer offerings are a perfect complement to PTC’s portfolio of product development solutions, and we look forward to continuing our journey as part of PTC.”
Headquartered in Stuttgart, Germany, Intland Software serves a wide range of leading global enterprise ALM customers in the automotive, life sciences, consumer electronics, and aerospace and defense industries.
Intland’s codebeamer is a flexible, easy-to-use, and modern platform that provides requirements, risk, and test management capabilities to users in advanced engineering industries. Supporting the adoption of Agile software management strategies and integrating with best-in-class DevOps and source code management tools, codebeamer is a future-proof solution used by leading product developers worldwide. With preconfigured templates and partner integrations for safety-critical innovation, codebeamer is the go-to ALM tool in a variety of regulated industries.
In the future, codebeamer will be offered both as a standalone product and in conjunction with PTC’s Windchill and Arena PLM offerings.
“The addition of codebeamer will broaden and deepen our ALM portfolio and enable us to further support our customers’ efforts to incorporate sophisticated software systems into their products.” said Jim Heppelmann, President and CEO, PTC. “This acquisition will also complement our strengths in PLM and model-based systems engineering as part of our Digital Thread portfolio strategy.”
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it.
About Intland Software
Intland Software offers industry-leading software tools to simplify complex product and software engineering at scale. Our enterprise-grade platforms help accelerate the development of technology products and simplify regulatory compliance. Intland’s solutions are used by leading companies including top automotive, medical, pharma, and life sciences developers worldwide to manage their innovative, compliant product engineering processes. codebeamer is an Application Lifecycle Management (ALM) platform with unique configurability and product line configuration capabilities. codebeamer X is an integrated Engineering Lifecycle Management (ELM) platform for life sciences companies with regulatory process & compliance support. To learn more, visit Intland at https://intland.com/. Follow @intland on Twitter, Linkedin and Facebook.