PTC has purchased OHIO Design Automation, a NH-based developer of electronics design collaboration software.
The all-cash transaction closed yesterday and was valued at approximately $12 million, subject to the fulfillment of certain conditions.
As part of the acquisition, PTC will retain all OHIO-DA employees. John Lane, President and CEO of OHIO-DA, will become a Senior Vice President for PTC and will report to James Heppelmann, PTC’s Chief Product Officer.
OHIO-DA’s flagship product is InterComm, an electronic design verification, visualisation and collaboration product in use in over 400 companies throughout more than 20 countries. Major OHIO-DA customers include Cisco, EMC, Harris, Maxtor, Motorola, and Raytheon.
InterComm gives engineers, manufacturers and customers access to design data created in Electronic Design Automation (EDA) tools, including those from Cadence Design Systems, Mentor Graphics, Zuken.
OHIO-DA’s products will be immediately available for sale by PTC. In addition, PTC plans to provide InterComm as an integral module of PTC’s Windchill PLM solutions.