This week is turning out to be rather significant within the area of product lifecycle management (PLM), manufacturing and service management technology. Two major technology providers, PTC and Dassault Systemes have announced noteworthy acquisitions in conjunction with the formal reporting of quarterly financial results.
PTC announced a definitive agreement to acquire privately held Axeda, an Internet of Things (IoT) and cloud-based technology provider offering technology that connects machines and sensors to the cloud, for a reported $170 million in cash. The announcement follows the acquisition of IoT applications provider ThingWorx in December.
Dassault Systemes announced the signing of a definitive share purchase agreement to acquire supply chain and operations planning software provider Quintiq for approximately €250 million ($338 million). This acquisition is noted as extending Dassault’s 3DEXPERIENCE platform, specifically expanding the DELMIA brand into business operations planning
In the view of Supply Chain Matters, both announcements indicate that the PLM technology segment has aggressive intentions to extend and integrate product and service management software applications with advanced technology related to connecting physical devices with business operations planning. However, each of these acquiring vendors is taking somewhat different approaches.
Given the significance of both of these important announcements, Supply Chain Matters will feature subsequent dedicated commentaries focused on each.