PTC, the Product Development Company, announced it has acquired ITEDO Software GmbH and ITEDO Software LLC (collectively, ITEDO), headquartered in Germany, for approximately $17 million in cash.
With its market-leading IsoDraw family of products, ITEDO delivers comprehensive software solutions for creating and maintaining technical illustrations.
ITEDO has more than 2,400 customers in multiple discrete manufacturing vertical markets such as automotive, aerospace and defense, and industrial equipment. With this acquisition, PTC will be the only vendor to offer a complete solution for creating, managing, and publishing text and graphical content for technical publications.
ITEDO's IsoDraw and related products IsoView and IsoCompose are special-purpose technical illustration solutions, optimized for the process of creating isometric technical illustrations for manufacturing, marketing, customer service, and support documentation.
"Manufactured products are not complete without the accompanying illustrated documentation," said Jim Heppelmann, Executive Vice President and Chief Product Officer of PTC. "Many manufacturing customers rely upon the delivery of documentation for product launches, revenue recognition, regulatory compliance, service delivery and customer satisfaction."
ITEDO solutions will become an important part of PTC's Arbortext product family, providing extensive 2D technical illustration capabilities today and furtherenhancing PTC's 3D interactive content for technical publications in the future.
marketing@alchempro.com
