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PTC to acquire cloud-based online CAD/CAE software provider Onshape AM Software

PTC signed a definitive with Onshape, creators of the first Software as a Service (SaaS) CAD/CAE product development platform. As per the agreement, PTC acquires Onshape for approximately $470 million. The acquisition is expected to accelerate PTC’s ability to attract new customers with a SaaS-based product offering and position the company to capitalize on the inevitable industry transition to SaaS. Pending regulatory approval and satisfaction of other closing conditions, the transaction is expected to be completed in November 2019.

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Altair showcases design solutions for broad range of AM applications AM Software

In addition to process efficiency and material development, design is a key factor for industrializing additive manufacturing. A simulation-driven design approach has become indispensable and only the comprehensive consideration of manufacturing constraints assures a successful product development. Therefore, software company Altair has as its main goal to make performance and cost saving potential accessible in the early stages of the decision-making process.