Jim Heppelmann

Boston, United States – PTC announced that it has signed a definitive agreement to acquire ServiceMax for approximately [$1.46 billion (€1.42 billion)] in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake. ServiceMax is a provider in cloud-native, product-centric field service management (FSM) software.

Boston, MA, USA — OK. Rewind five years, says Jeremy Cowan. Imagine you’re the CEO of a US-based computer software company that since 1985 has specialised in 2-dimensional & 3D design software, product, application and service lifecycle management (PLM, ALM & SLM), and service management solutions.