本日（10月31日）、PTCは、製造業へのCAD、CAM、CAE、並びにデータマネージメントのソリューションを長期に渡って確立して来たサプライヤーのCoCreateを買収する意図を発表した（以下を参照）。CoCreateは、早い時期から 最も知られたExplicit Modeling ソフトウェアのプロバイダーであった。

　PTCの現行製品群とCoCreateの製品群の組合せは、パラメトリック設計を含む２D並びに３D、Explicit Design、効果的な複雑な環境でのコラボレーションツールと同様に既存の設計を基にしたモデルを含む広範な設計手法の範囲をユーザーに提供することになろう。結果として起こる包括的な製品を提供することへのそれらテクノロジーの取込みは、既存や新たなPTCユーザーへのニーズを基にした複数の設計手法を利用するためにそれらユーザーへの能力＆機能を高めることになろう、またそれは種々の拡張と進化の過程で現行CoCreateの顧客にも提供することになろう。

　また、PTCはハイテック・エレクトロニクス並びに消費材業界での多くのCoCreateの持っている会社により顧客ベースを拡大するであろう。加えて、世界のドイツ語圏に於けるPTCの市場地位を強くすることになろう。PTCのチャレンジの一つはCoCreate最大のME10ユーザー（保守ベース）のサポートを組み入れ、持続することであろう。

　CIMdataは、この買収はPTC並びにCoCreateいずれの現行顧客に利益をもたらすと確信する。それらの利益を達成することは、すべてのテクノロジーの獲得と同様に、PTCが成功裡にCoCreateのテクノロジーと専門とする領域を提供製品群の中に完全に統合した時に現実化するであろう。

PTC to Acquire Leading Product Development Software Provider CoCreate for $250 Million
31 October 2007

PTC announced it has entered into a definitive agreement to acquire CoCreate Software GmbH, a provider of PLM and CAD modeling solutions for approximately $250 million. CoCreate, based in Sindelfingen, Germany, is privately held, has 280 employees and more than 5,000 customers globally including Agilent, Canon, Fisher Controls, Fujitsu, HP, Liebherr, Matsushita Electric, NEC, Olympus, Phoenix Contact and Seiko Epson.

With the acquisition of CoCreate, PTC will broaden its portfolio and offer support for the most comprehensive range of modeling techniques in the MCAD industry. PTC plans to integrate the CoCreate modeling solutions with the PTC Product Development System (PDS) in order to offer CoCreate customers additional product development capabilities including engineering calculations, dynamic publishing, visualization, high-speed machining, and enterprise content and process management, and ultimately, the option of using their modeling solutions also as part of the PTC PDS.

With revenue of approximately $80 million and substantial non-GAAP operating margins in the last twelve months, PTC expects the acquisition will be accretive to non-GAAP earnings and operating margins in the second quarter of fiscal 2008. Due to the lower level of deferred maintenance revenue that PTC will be permitted to record under purchase accounting as compared to the level of deferred maintenance revenue recorded by CoCreate, PTC expects that the acquisition will be dilutive to GAAP EPS in 2008, but accretive to GAAP EPS in 2009 and beyond. The acquisition is expected to close in December 2007, subject to customary conditions including regulatory approval.

“PTC is dedicated to providing product development organizations with the solutions that they need to be successful in an incredibly competitive global marketplace,” said C. Richard Harrison, president and CEO of PTC. “As experts in product development, we are constantly evaluating technologies that address the business challenges of our customers. This acquisition is compelling as it enhances PTC's product portfolio while also contributing in a meaningful way to earnings and operating margin. The satisfaction of CoCreate’s customers will be a major focus for PTC. We are committed to protecting and enhancing the investment that these customers have made in CoCreate solutions and we plan to also offer additional complementary PTC solutions in order to bring them even more value.”

With this acquisition, PTC embraces all the accepted approaches to modeling - parametric, explicit, derived and 2D.

“The combination of PTC and CoCreate products will enable PTC to offer the manufacturing industry the flexibility to select the most appropriate modeling software for their business requirements from a financially secure, trusted worldwide product development technology leader,” said Jim Heppelmann, executive vice president and chief product officer of PTC. “Each modeling approach has its own advantages, and only PTC will have an objective view that allows us to map the appropriate modeling approach to a given customer situation, yet encase that modeling approach in a full product development system. In line with industry trends, we expect the majority of our modeling business will continue to come from our flagship parametric solution, Pro/ENGINEERｨ. CoCreate customers who prefer explicit modeling will now have a complete product development system as a viable option.”

“Offering high quality products that deliver significant customer value has always been a key tenet of CoCreate's business strategy,” said William M. Gascoigne, CEO, CoCreate. “PTC's plan to support and further develop CoCreate solutions as well as provide an integration to PTC’s product development system will provide our customers with additional technology choices, and even greater opportunities for product development success.”

PTC plans to finance the acquisition and related expenses with a combination of $50 million of cash and $210 million of debt from its existing credit facility.

Wachovia Securities acted as exclusive financial adviser to PTC in the transaction. CoCreate is a portfolio company affiliated with HBK Capital Management.

PTC will discuss the acquisition on its fourth quarter and fiscal 2007 earnings conference call and live webcast on October 31, 2007 at 10 a.m. ET. A replay of the call will be available until 5:00 p.m. ET on November 5, 2007. To access the replay via webcast, please visit http://www.ptc.com/for/investors.htm.

To access the replay by phone, please dial 203-369-3752.

The timing of any product release or integration, including any features or functionality, will be determined as part of PTC's release schedule after the acquisition closes, and subject to change at PTC's discretion.