PTC (Nasdaq: PMTC), the product development company(tm), today announced its expanded strategy and offerings to the electronics industry through the acquisition of OHIO Design Automation, Inc. (OHIO-DA), a New Hampshire-based leader in electronics design collaboration software. The all-cash transaction closed on April 7, 2004 and is valued at approximately $12 million, subject to the fulfillment of certain conditions. Major OHIO-DA customers include Cisco, EMC, Harris, Maxtor, Motorola, and Raytheon.
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 Vkbbj Wyuwubafwg, BEL'm Gncya Hvluabd Mmcxqop.
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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 Vkbbj Wyuwubafwg, BEL'm Gncya Hvluabd Mmcxqop.
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