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Slide #50. PTC — Servigistics
PTC announced it has signed a definitive agreement to acquire Servigistics, Inc., developer of an innovative suite of service lifecycle management (SLM) software solutions, for approximately $220 million in cash. Pending regulatory approval and satisfaction of other customary conditions, the transaction is expected to be completed in September 2012.
RBC Capital Markets Corporation (Advisor)
Blackstone Advisory Partners L.P. (Advisor)
PTC develops software applications and delivers related services that help companies design products, manage product information and improve their product development and services processes. Co.'s desktop applications include its PTC Mathcad® engineering calculations software and its PTC Arbortext document authoring tools. Co. has two reportable segments: software products, which includes license and related maintenance services for its products except training-related products; and services, which includes consulting, implementation, training and computer-based training products, including related maintenance services.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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