Tech Company M&A Transactions
Onshape Acquisition
Headquartered in Cambridge, Onshape was acquired by PTC. The acquisition price was $470 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/25/2019
Transaction Type
M&A
Amount
$470,000,000
M&A Terms
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. The transaction will be paid for with all cash.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
1 Alewife Center 130
Cambridge, MA 02140
USA
Cambridge, MA 02140
USA
Phone
Website
Email Address
Not Recorded
Overview
Onshape is the first and only full-cloud 3D CAD system that lets everyone on a design team work together using any web browser, phone, or tablet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jon Hirschtick
Chief Technical Officer
Michael Lauer
Co-Founder
Scott Harris
Co-Founder
Tommy Li
Co-Founder
John McEleney
VP - Product Management
Dave Corcoran
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