A quick update on happenings in our little PLMish world:
PTC said yesterday that it finalized its purchase of Atego, first announced at PTC Live Global a few weeks ago. You may recall that Atego develops model-based systems and software engineering applications. PTC said it would pay $50 million in cash for Atego, which had revenue of $20 million in the last 12 months. At the first announcement, PTC said it expects Atego to contribute about $5 million in revenue to fiscal Q4 2014.
Aras announced that Dr. Martin Eigner has joined its Board of Advisors. That’s a big deal — you may recognize the name from Eigner and Partner, a PLM company sold to Agile in the early 2000s. Agile was then acquired by Oracle, but the original Eigner products continue to be supported today. At any rate, Dr. Eigner is a big “get” and Aras said he will help Aras “build on the company’s track record of growth and global expansion, drive innovation in PLM technology, and foster a mutually beneficial, bi-directional relationship between commercial and university research.”