Like ServiceMax

announced 11/17/2022 via PR Newswire

PTC Inc., will acquire ServiceMax

synopsis: PTC, a global provider of manufacturing software solutions, will acquire ServiceMax from Silver Lake, a global technology investment firm. ServiceMax is a recognized leader in product-centric field service management (FSM) software. Their mobile apps and cloud-based software provide a complete view of assets to field service teams.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target parent: SilverLake
target: ServiceMax
ServiceMax's mission is to help customers keep the world running with asset-centric field service management software. As the recognized leader in this space, ServiceMax's mobile apps and cloud-based software provide a complete view of assets to field service teams.
price ($mm)
$1,458
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/5/2022 via PR Newswire

ServiceTitan, will acquire FieldRoutes

synopsis: ServiceTitan will acquire FieldRoutes, a leading cloud-based and mobile SaaS provider in the pest control and lawn care industry. The acquisition will enhance ServiceTitan's existing suite of technology and empower FieldRoutes to accelerate growth and provide its customers with exceptional service to help them grow their business.
buyer: ServiceTitan
ServiceTitan is an end-to-end business management software platform that powers key workflows and connects key stakeholders in a trades business. The company's software platform includes CRM, intelligent dispatch, custom reporting, marketing automation, a mobile solution for field techs, and more. "
target: FieldRoutes
FieldRoutes is a cloud-based and mobile SaaS provider for field service businesses. Its platform automates many aspects of field service operations for customers with office management, advanced route optimization, payment processing, digital sales, marketing, and customer acquisition capabilities.
price ($mm)
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announced 12/8/2021 via BNC Analysis

ClearCourse Partnership LLP, will acquire Eworks Manager

synopsis: ClearCourse, a group of innovative technology companies in the UK, will acquire, will acquire Eworks Manager, a UK-based provider of job management software for field services. Eworks enables businesses to manage their jobs from their office or mobile device. Their software provides solutions for job scheduling, inventory, invoicing, and more.
buyer parent: Aquiline Capital Partners
buyer: ClearCourse Partnership LLP
ClearCourse is a UK partnership of innovative technology companies providing membership software to groups, organisations and small businesses. Their companies help customers manage their members and clients, administer their business workflow, & automate their payment processes seamlessly. "
target: Eworks Manager
Eworks Manager is a UK-based provider of job management software for field services. Eworks enables businesses to manage their jobs, staff and paperwork from their office or mobile device. Their software provides solutions for job scheduling, inventory, quotes, invoicing, and more.
price ($mm)
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closed 4/14/2021 via BNC Analysis

Causeway Technologies Limited, acquired Ermeo SAS

synopsis: Causeway Technologies Ltd, the UK’s largest software provider to the construction market, has acquired Erméo SAS, a French software company. Erméo is the developer of field service management software for the construction, highway maintenance, railway networks exploitation, oil & gas, manufacturing, and public transportation sectors.
buyer: Causeway Technologies Limited
Based in the UK, Causeway is the only global software provider that powers the design, build, operation, and maintenance of the built environment. Causeway offers an expanding suite of cloud software solutions that support and digitize front-line project performance and supply chain operations. "
target: Ermeo SAS
Ermeo is a French software company and a developer of field service management software. Ermeo's web and mobile solution lets companies digitize operations and documents, manage data in real-time, automate data reporting and manual processes to drive business, and more.
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announced 12/13/2018 via BusinessWire

SilverLake, will acquire ServiceMax

synopsis: GE Digital and Silver Lake announced an agreement for GE Digital to sell a majority stake in ServiceMax, a leading provider of cloud-based software productivity tools for field service technicians, to Silver Lake, the global leader in technology investing.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: General Electric Company
target: ServiceMax
Founded in 2007, ServiceMax is a leading industry provider of field service management software. ServiceMax’s platform provides a full suite of applications, including inventory and parts logistics, scheduling and workforce optimization, and work order management.
price ($mm)
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announced 9/26/2018 via Company Press Release

Deutsche Beteiligungs AG, will acquire FLS GmbH

synopsis: Deutsche Beteiligungs AG will acquire the majority of the shares in Germany-based FLS (Fast Lean Smart) as part of a management buyout (MBO). FLS sells software that enables companies to plan and optimise their schedule and route planning as well as their deployment of field service employees and vehicles.
buyer: Deutsche Beteiligungs AG (DB:DBAN:$88.86)
Deutsche Beteiligungs AG ("DBAG") is a leading German private equity company. Since 1965, DBAG has been a preferred partner for equity funding of successful companies whose products and services have made them leaders in their markets. "
target: FLS GmbH
Germany-based FLS (Fast Lean Smart) sells software that enables energy suppliers, industrial companies, financial service providers, retail and real estate companies to plan and optimise their schedule and route planning as well as their deployment of field service employees and vehicles.
price ($mm)
rev ($mm)
$9
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 6/6/2018 via Company Press Release

SAP SE, acquired Coresystems

synopsis: SAP, a technology company that develops enterprise application software for companies and industries across diverse sectors, has acquired Coresystems, a leading provider of mobile and cloud-based field service and workforce management software for mid-sized and large enterprises’ field service organizations.
buyer: SAP SE (SAP:$28,572.00)
SAP is a technology company that develops enterprise application software for companies and industries across diverse sectors. The company offers solutions for asset management, commerce, finance, human resources, manufacturing and sustainability as well as research and development, and engineering."
target: Coresystems
Coresystems is a leading provider of mobile and cloud-based field service and workforce management software for mid-sized and large enterprises’ field service organizations.
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announced 5/14/2018 via BNC Analysis

JCurve Solutions, will acquire Riyo Pty Ltd

synopsis: JCurve Solutions, an Australian provider of cloud-based software solutions, will acquire Riyo, an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, dispatch workers, record transactions and process customer payments.
buyer: JCurve Solutions (ASX:JCS:$8.13)
JCurve Solutions is an Australian company that provides cloud-based software solutions to improve business performance. JCurve Solutions offers Enterprise Resource Planning (ERP) and Telecom Expense Management (TEM) software that helps small businesses to increase their efficiency and reduce costs. "
target: Riyo Pty Ltd
Riyo is an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, create new schedules, dispatch workers, monitor and record transactions and process customer payments.
price ($mm)
$0.45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/16/2017 via BNC Analysis

SmartTrans Holdings Limited, will acquire Resource Connect Pty Ltd

synopsis: SmartTrans Holdings Limited is pleased to announce that it will acquire Resource Connect Pty Ltd and iCuro Pty Ltd (iCuro) for (resourceconnect.com.au). Resource Connnect is a profitable, privately-held personnel supply chain management solutions business that strongly complements SmartTrans’ transport supply chain management division.
buyer: SmartTrans Holdings Limited (ASX:SMA:$2.50)
SmartTrans Australia provides state-of-the-art logistics solutions for transport and field services operations. Their hosted solutions allow clients to deliver their in-field services and deliveries with increased efficiency, visibility and compliance "
target: Resource Connect Pty Ltd
Resource Connect’s patented system platform (icuro.com.au) is a cloud-based solution that allows its blue chip customers to coordinate the movement of personnel at multiple widely-distributed locations in real time. The business operates from its headquarters in Hendra, Queensland.
price ($mm)
$13
rev ($mm)
$6
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 11/8/2017 via PR Newswire

IFS AB, acquired WorkWave

synopsis: IFS, the global enterprise applications company, announced it has completed the acquisition of WorkWave LLC, a leading provider of highly scalable, cloud-based Software-as-a-Service (SaaS) solutions for the Field Service and Last Mile Delivery and Logistics industries.
buyer parent: EQT
buyer: IFS AB
IFS is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning, enterprise asset management and enterprise service management. IFS brings customers closer to their business, helps them be more agile and enables them to profit from change. "
target parent: Chicago Growth Partners
target: WorkWave
WorkWave is a leading provider of highly scalable, cloud-based Software-as-a-Service (SaaS) solutions for the Field Service and Last Mile Delivery and Logistics industries.
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announced 11/24/2016 via Market Wire

AnalytixInsight, will acquire Euclides Technologies, Inc.

synopsis: Big Data Analytics company, AnalytixInsight Inc. has entered into a definitive agreement to acquire certain assets of Euclides Technologies, Inc. Euclides is an expert Systems Integrator and consulting partner for field service management solutions. Euclides Technologies provides optimized software solutions based on the ClickSoftware suite.
buyer: AnalytixInsight (TSXV:ALY:$1.66)
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media. "
target: Euclides Technologies, Inc.
Euclides is an expert Systems Integrator and consulting partner for field service management solutions. Euclides Technologies sells and provides optimized software solutions based on the ClickSoftware suite to enhance the efficiency of field service organizations.
price ($mm)
$1.00
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 11/10/2016 via BusinessWire

GE Digital, acquired ServiceMax

synopsis: GE Digital announced it has completed the acquisition of ServiceMax, a leader in cloud-based field service management (FSM) solutions. The acquisition provides GE Digital with new capabilities in the market for industrial service, enabling customers to immediately gain more value from their assets and find greater efficiency in their processes.
buyer parent: General Electric Company
buyer: GE Digital
GE Digital connects streams of machine data to powerful analytics, providing Industrial companies with valuable insights to manage assets and operations more efficiently. World-class talent and software capabilities driving big gains in productivity, availability and longevity. "
target: ServiceMax
ServiceMax is a leading industry provider of field service management software. The company reimagines and creates solutions for the people who install, maintain, and repair machines across dozens of industries as the provider of complete end-to-end mobile and cloud-based technology for the sector.
price ($mm)
$915
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2016 via BusinessWire

Evatic, acquired Tesseract

synopsis: Evatic, a leading service management software vendor has acquired Tesseract, a UK based service management software company. The acquisition strengthens and complements Evatic’s product portfolio, fortifying the industry’s approach to service management and improving the end-user experience.
buyer: Evatic
Evatic is a leading European service management software company with the head office in Trondheim, Norway and offices in Sweden, Germany, France, Poland and Singapore. They develops and sells the Evatic Service Management System to companies operating in the service industry. "
target: Tesseract
Tesseract offer a range of professional services to facilitate the installation and deployment of the Tesseract Field Service Management Software. These Professional services include project management, consultancy, training and technical support.
price ($mm)
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closed 8/30/2012 via PR Newswire

Chicago Growth Partners, acquired Marathon Data Systems, LLC

synopsis: Marathon Data Systems, a leading provider of comprehensive turnkey SaaS software solutions used by field service businesses, such as pest control and HVAC repair service providers, to manage a wide variety of critical business processes, announced that the company was acquired by Chicago Growth Partners, a leading growth equity investor.
buyer: Chicago Growth Partners
Chicago Growth Partners is a Chicago-based private equity investment firm that CGP executes its growth-focused investment strategy across four industries: Technology-Enabled Services, Education, Healthcare and Industrial Growth. "
target parent: Concentric Equity Partners, L.P.
target: Marathon Data Systems, LLC
Marathon Data Systems provides configurable, fully featured software solutions for field service businesses of all sizes that can be accessed on a SaaS or on-premise basis. Marathon offers a suite of services designed to mitigate the key pain points that field service companies face.
price ($mm)
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closed 12/22/2021 via BNC Analysis

Symphony IndustrialAI, acquired Proceedix

synopsis: Symphony Industrial AI announced the acquisition of connected frontline worker (CFW) platform developer Proceedix. This acquisition extends Symphony Industrial AI manufacturing industrial software solutions further into plant and factory processes.
buyer parent: SymphonyAI
buyer: Symphony IndustrialAI
Symphony IndustrialAI is a provider of industrial solutions. Symphony IndustrialAI helps their clients to reduce unplanned maintenances, unwarranted capital expenditures, and unexpected downtime. They offer solutions for condition monitoring, asset performance management, and predictive maintenance."
target: Proceedix
Proceedix leverages cloud computing, mobile and wearable technology to offer state-of-the-art human-driven inspection and instruction support. Proceedix’s goal is to mobilize people in industry to handle even the most complex processes away from their desks.
price ($mm)
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closed 12/21/2015 via Market Wire

JLL, acquired Corrigo Incorporated

synopsis: Consistent with its disciplined approach to strategic acquisitions and investments in innovative technology solutions, JLL has completed its acquisition of Corrigo Incorporated, a pioneer in cloud-based facility management solutions that improve productivity, increase transparency and provide advanced business analytics.
buyer: JLL (JLL:$20,131.30)
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. "
target: Corrigo Incorporated
Corrigo provides the real-time, cloud-based facilities and service management solutions used across the multi site facilities and service provider world. Its customers range from Fortune 50 companies to SMBs in multiple industries.
price ($mm)
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closed 12/23/2019 via PR Newswire

Diversis Capital, acquired WorldAPP

synopsis: WorldAPP, the leading provider of enterprise-grade mobile workflow and data capture technology, announced they have been acquired by Diversis Capital, a software and technology focused private equity fund that targets situations where it can add unique value.
buyer: Diversis Capital
Diversis is a software and technology focused private equity fund that targets situations where it can add unique value. With a collaborative approach to investing, its Operating Partners and Strategic Advisors work alongside management teams to help build successful organizations. "
target: WorldAPP
WorldAPP helps mid to large organizations improve how they collect, manage, and leverage data across the enterprise. Using the Form.com and Key Survey platforms, WorldAPP works with customers to understand their needs and configure complete solutions which integrate with their current systems.
price ($mm)
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closed 4/27/2022 via PR Newswire

Dispatch.me, acquired Youreka

synopsis: Dispatch has acquired Youreka, the leading smart mobile forms product built on the Salesforce platform. The combination will allow Youreka and Dispatch to accelerate their respective business, expand the partnership with Salesforce, and bring new innovation to the enterprise field service market.
buyer: Dispatch.me
Dispatch is the leading provider of software solutions for enterprise service brands that rely on independent service providers. Dispatch gives service brands visibility into the performance of their independent service providers and control over the customer experience those pros deliver. "
target: Youreka
Youreka is closing the skills gap with its proprietary, no-code mobile technology platform that makes it easy to build smart mobile service applications that assist frontline workers across various industries, including health and life sciences, energy, utilities, manufacturing, and more.
price ($mm)
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closed 12/5/2019 via Company Press Release

Accel-KKR, acquired InSight Mobile Data, Inc.

synopsis: Accel-KKR, a technology-focused investment firm, has acquired InSight Mobile Data, Inc. (IMD), a provider of fleet and mobile worker management software and services. IMD's StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from all mobile assets to improve operational efficiency and safety.
buyer: Accel-KKR
Accel-KKR is a technology-focused investment firm with $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions. "
target: InSight Mobile Data, Inc.
InSight Mobile Data (IMD) is a pioneering provider of fleet and mobile worker management software and services. Their StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from all mobile assets to improve operational efficiency and safety.
price ($mm)
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announced 10/9/2019 via PR Newswire

IFS Ltd., will acquire Astea International Inc.

synopsis: IFS, a company that develops and delivers enterprise software for customers, will be acquiring Astea International, a global provider of end-to-end service management software solutions that offer all the cornerstones of service lifecycle management.
buyer parent: EQT AB
buyer: IFS Ltd.
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service operations. The industry expertise of their people and solutions, together with commitment to their customers, has made them a recognized leaderr. "
target: Astea International Inc. (:$27.18)
Astea International is a global provider of end-to-end service management software solutions that offer all the cornerstones of service lifecycle management, including customer management, service management, asset management, forward and reverse logistics management and optimization.
price ($mm)[EV]
$64 [$67]
rev ($mm)
$27
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
announced 11/17/2022 via PR Newswire

PTC Inc., will acquire ServiceMax

synopsis: PTC, a global provider of manufacturing software solutions, will acquire ServiceMax from Silver Lake, a global technology investment firm. ServiceMax is a recognized leader in product-centric field service management (FSM) software. Their mobile apps and cloud-based software provide a complete view of assets to field service teams.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target parent: SilverLake
target: ServiceMax
ServiceMax's mission is to help customers keep the world running with asset-centric field service management software. As the recognized leader in this space, ServiceMax's mobile apps and cloud-based software provide a complete view of assets to field service teams.
price ($mm)
$1,458
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/16/2021 via PR Newswire

ServiceMax, will acquire LiquidFrameworks

synopsis: ServiceMax, the leader in asset-centric field service management, will acquire LiquidFrameworks, a leading mobile field operations management solutions company specializing in the energy industry. The acquisition enables ServiceMax to expand its field service management solutions to meet the unique challenges of the energy sector.
buyer parent: SilverLake
buyer: ServiceMax
ServiceMax's mission is to help customers keep the world running with asset-centric field service management software. As the recognized leader in this space, ServiceMax's mobile apps and cloud-based software provide a complete view of assets to field service teams. "
target parent: Luminate Capital Partners
target: LiquidFrameworks
LiquidFrameworks is a leading provider of cloud-based, mobile field operations management solutions serving the energy, industrial and environmental services industries. Its FieldFX solution offers numerous benefits, including increased and accelerated revenue capture, increased cash flow, and more.
price ($mm)
$145
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/27/2019 via PE Hub

ServiceMax, acquired Zinc.it

synopsis: ServiceMax, the leading provider of cloud-based software for service execution, announced it has acquired Zinc, the company providing a frictionless way for service workers to get and share knowledge in real-time. Zinc makes it simple to communicate important or time-sensitive information to the entire company via its application.
buyer parent: SilverLake
buyer: ServiceMax
ServiceMax is the global leader in Service Execution Management, offering cloud-based software that improves the productivity of complex, equipment-centric service execution. Enterprise companies across the globe have turned to ServiceMax to help them keep the world running. "
target: Zinc.it
Zinc makes it simple to communicate important or time-sensitive information to the entire company, facilitate connections and sharing between employees in the field, and ensure that management has immediate visibility into what's happening on the front lines.
price ($mm)
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announced 12/13/2018 via BusinessWire

SilverLake, will acquire ServiceMax

synopsis: GE Digital and Silver Lake announced an agreement for GE Digital to sell a majority stake in ServiceMax, a leading provider of cloud-based software productivity tools for field service technicians, to Silver Lake, the global leader in technology investing.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: General Electric Company
target: ServiceMax
Founded in 2007, ServiceMax is a leading industry provider of field service management software. ServiceMax’s platform provides a full suite of applications, including inventory and parts logistics, scheduling and workforce optimization, and work order management.
price ($mm)
rev ($mm)
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closed 11/10/2016 via BusinessWire

GE Digital, acquired ServiceMax

synopsis: GE Digital announced it has completed the acquisition of ServiceMax, a leader in cloud-based field service management (FSM) solutions. The acquisition provides GE Digital with new capabilities in the market for industrial service, enabling customers to immediately gain more value from their assets and find greater efficiency in their processes.
buyer parent: General Electric Company
buyer: GE Digital
GE Digital connects streams of machine data to powerful analytics, providing Industrial companies with valuable insights to manage assets and operations more efficiently. World-class talent and software capabilities driving big gains in productivity, availability and longevity. "
target: ServiceMax
ServiceMax is a leading industry provider of field service management software. The company reimagines and creates solutions for the people who install, maintain, and repair machines across dozens of industries as the provider of complete end-to-end mobile and cloud-based technology for the sector.
price ($mm)
$915
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/17/2022 via PR Newswire

PTC Inc., will acquire ServiceMax

synopsis: PTC, a global provider of manufacturing software solutions, will acquire ServiceMax from Silver Lake, a global technology investment firm. ServiceMax is a recognized leader in product-centric field service management (FSM) software. Their mobile apps and cloud-based software provide a complete view of assets to field service teams.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target parent: SilverLake
target: ServiceMax
ServiceMax's mission is to help customers keep the world running with asset-centric field service management software. As the recognized leader in this space, ServiceMax's mobile apps and cloud-based software provide a complete view of assets to field service teams.
price ($mm)
$1,458
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2022 via BNC Analysis

PTC Inc., acquired Cloudmilling Limited

synopsis: PTC acquired CloudMilling, a cloud-native computer-aided manufacturing (CAM) solution. The acquisition will bring CAM functionality to PTC's software-as-a-service Onshape product development platform, which already offers CAD, PDM, real-time calibration and business analytics functions.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target: Cloudmilling Limited
CloudMilling is a cloud-native computer-aided manufacturing (CAM) solution. CloudMilling's features include 2- and 5-axis tool paths, a fully integrated tool library, real-time visualization capabilities and workspaces that can simultaneously handle multiple parts.
price ($mm)
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announced 4/20/2022 via PR Newswire

PTC Inc., will acquire Intland Software

synopsis: PTC, a global provider of manufacturing software solutions, will acquire Intland Software, a global provider of Application Lifecycle Management (ALM) solutions. Intland Software enables customers in the automotive, life sciences, consumer electronics, and aerospace and defense industries to accelerate product development and simplify compliance.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target: Intland Software
Intland Software is a global provider of Application Lifecycle Management (ALM) solutions. Intland Software enables customers in the automotive, life sciences, consumer electronics, and aerospace and defense industries to accelerate product development and simplify regulatory compliance.
price ($mm)
$280
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/14/2020 via PR Newswire

PTC Inc., will acquire Arena Solutions, Inc.

synopsis: PTC announced that it has signed a definitive agreement to acquire Arena Solutions, Inc. (Arena Solutions) the industry's leading "software as a service" product lifecycle management platform provider. Arena Solutions serves more than 1,200 customers across the electronics, high-tech, and medical-device industries.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. "
target parent: JMI Equity
target: Arena Solutions, Inc.
Arena Solutions helps innovative electronic high tech and medical device companies create products that change the world. Arena unifies product lifecycle and quality management processes, allowing every participant throughout the product realization process, design to manufacturing to work together.
price ($mm)
$715
rev ($mm)
$50
EBITDA ($mm)
EV / rev
14.3x
EV / EBITDA
closed 9/24/2020 via BNC Analysis

PTC Inc., acquired ioxp GmbH

synopsis: PTC has acquired German start-up ioxp GmbH, a pioneer in the field of video-based augmented reality. ioxp offers cognitive AR and AI solutions for knowledge transfer, training, and quality assurance. PTC plans to integrate ioxp technology for validation and verification of procedural instructions into its Enterprise AR solution suite.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables industrial innovation with award-winning, proven solutions to help companies differentiate their products and services, optimize their operational processes, and improve employee productivity. "
target: ioxp GmbH
ioxp is a German industrial start-up for cognitive AR and AI Software. With partners from around the globe, ioxp is internationally represented and is a pioneer in the field of video-based augmented reality thanks to its technology Cognitive AR.
price ($mm)
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closed 11/1/2019 via BusinessWire

PTC Inc., acquired Onshape

synopsis: PTC announced that it has completed the acquisition of Onshape, creators of the first Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) with powerful data management and collaboration tools.
buyer: PTC Inc. (PTC:$1,835.83)
PTC is a global provider of technology platforms and solutions that transform how companies create and service the "things"​ in the Internet of Things (IoT). Their ThingWorx platform gives developers the tools they need to capitalize on the vast amounts of data being generated by connected systems. "
target: Onshape
Onshape are creators of the first Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) with powerful data management and collaboration tools.
price ($mm)
$470
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/12/2019 via BNC Analysis

PTC Inc., acquired TWNKLS

synopsis: PTC, a global provider of technology platforms and solutions, has acquired TWNKLS, a Dutch augmented reality (AR) agency that specializes in augmented reality productions, real time 3D, and online projects. TWNKLS develops AR solutions that allow millions of people to work, learn, share and experience better.
buyer: PTC Inc. (PTC:$1,835.83)
PTC is a global provider of technology platforms and solutions that transform how companies create and service the "things"​ in the Internet of Things (IoT). Their ThingWorx platform gives developers the tools they need to capitalize on the vast amounts of data being generated by connected systems. "
target: TWNKLS
TWNKLS is a Dutch augmented reality (AR) agency that specializes in augmented reality productions, real time 3D, and online projects. TWNKLS develops AR solutions that allow millions of people to work, learn, share and experience better.
price ($mm)
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closed 11/20/2018 via BusinessWire

PTC Inc., acquired Frustum Inc.

synopsis: PTC announced that it has acquired Frustum, a company that offers patented desktop and cloud-based engineering software that enables designers and engineers to go beyond the limits of their personal experience by leveraging powerful AI capabilities that guide the discovery of high-performance, next-generation product designs.
buyer: PTC Inc. (PTC:$1,835.83)
PTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the "things"​ in the Internet of Things (IoT). "
target: Frustum Inc.
Frustum offers patented desktop and cloud-based engineering software that enables designers and engineers to go beyond the limits of their personal experience by leveraging powerful AI capabilities that guide the discovery of high-performance, next-generation product designs.
price ($mm)
$70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/23/2015 via BusinessWire

PTC Inc., will acquire Kepware Technologies

synopsis: PTC, a global provider of technology platforms and solutions that transform how companies create, operate, and service the "things" in the Internet of Things, announced it has signed a definitive agreement to acquire Kepware, a software development company that provides communications connectivity to industrial automation environments.
buyer: PTC Inc. (PTC:$1,835.83)
PTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things. The company’s ThingWorx® platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data. "
target: Kepware Technologies
Kepware serves customers in more than 120 countries in such industries as manufacturing, oil and gas, building automation, and power and utilities. The company’s flagship product, KEPServerEX, connects disparate devices and control systems, providing users with a single source of industrial data.
price ($mm)
$100
rev ($mm)
$20
EBITDA ($mm)
EV / rev
5.9x
EV / EBITDA
closed 11/3/2015 via BusinessWire

PTC Inc., acquired Vuforia

synopsis: PTC, a global provider of technology platforms and solutions that transform how companies create, operate, and service the Internet of Things (IoT), announced it has completed its acquisition of Vuforia, a subsidiary of Qualcomm Incorporated and the industry's most advanced and widely adopted augmented reality technology platform.
buyer: PTC Inc. (PTC:$1,835.83)
PTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things. The company’s ThingWorx® platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data. "
target parent: Qualcomm Incorporated
target: Vuforia
Vuforia is a mobile vision platform that enables applications (“apps”) to see and connect the physical world with digital experiences that demand attention, drive engagement, and deliver value. Vuforia is supported by a global ecosystem of developers in 130 countries.
price ($mm)
$65
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/6/2015 via Company Press Release

PTC Inc., will acquire ColdLight

synopsis: PTC has announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics. Neuron, their flagship product, is a secure and flexible automated learning engine that learns from massive amounts of data, discovers patterns and then delivers mathematically validated recommendations.
buyer: PTC Inc. (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. PTC's technology solutions help customers transform the way they create, operate, and service products for a smart, connected world. PTC employs approximately 6,000 professionals serving more than 28,000 businesses. "
target: ColdLight
ColdLight is a leader in advanced analytics, predictive technology and machine learning science. Neuron, their flagship product, is a secure and flexible automated learning engine that learns from massive amounts of data, discovers patterns and then delivers mathematically validated recommendations.
price ($mm)
$96
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2014 via BusinessWire

ThingWorx, acquired Axeda Corporation

synopsis: PTC announced it has acquired privately-held Axeda Corporation, a pioneer in the development of solutions to securely connect machines and sensors to the cloud. Axeda’s technology innovation, extensive customer base, and powerful partnerships directly complement the PTC ThingWorx business.
buyer parent: PTC Inc.
buyer: ThingWorx
ThingWorx provides the first platform designed to efficiently build and run the applications of today’s connected world. ThingWorx’s model-based design and search-based intelligence simplifies application development efforts by minimizing cost, and risk while accelerating time to value. "
target parent: JMI Equity
target: Axeda Corporation (:$12.90)
Axeda Corporation is a pioneer in the development of solutions to securely connect machines and sensors to the cloud. An innovator in the IoT technology market, Axeda currently serves more than 150 customers, processing hundreds of millions of machine messages daily across multiple industry sectors.
price ($mm)
$170
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2014 via BusinessWire

PTC, acquired Atego

synopsis: PTC, a U.S.-based computer software company specializing in 2D & 3D design software, product lifecycle management, and service management solutions, announced it has acquired Atego, a developer of model-based systems and software engineering applications based in Cheltenham, UK.
buyer: PTC (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. The company’s technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. "
target: Atego
Atego is a world leading software tools and professional services company, focused on helping organizations engineer complex, mission- and safety-critical systems and software. Atego dramatically increases quality, security and productivity.
price ($mm)
$50
rev ($mm)
$20
EBITDA ($mm)
EV / rev
2.5x
EV / EBITDA
closed 12/30/2013 via BusinessWire

PTC, acquired ThingWorx

synopsis: PTC, a provider of technology solutions that transform the way companies create and service their products, announced it has acquired ThingWorx, creators of an award-winning platform for building and running applications for the Internet of Things (IoT).
buyer: PTC (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. The company’s technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. "
target: ThingWorx
ThingWorx™ develops and markets the first application platform for the Connected World™. ThingWorx combines the key functionality of real-time data, mashups, search, social media and the semantic web, and applies it to any process that involves people, systems, devices and other real world "things."
price ($mm)
$130
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/11/2013 via Company Press Release

PTC, acquired NetIDEAS, Inc.

synopsis: PTC announced it has acquired long-time partner NetIDEAS, Inc., a leading provider of software hosting and technical consulting services specializing in the areas of product development and product lifecycle management (PLM).
buyer: PTC (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. The company’s technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. "
target: NetIDEAS, Inc.
NetIDEAS, Inc. delivers product lifecycle management (PLM) components as an application service provider. Its PLM solution components include project/program management and collaboration, product data management, integrated digital environment and document management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/16/2013 via BusinessWire

PTC, acquired Enigma, Inc.

synopsis: PTC announced it has acquired Enigma, a developer of software that aggregates and delivers technical content in aftermarket service environments. The Enigma products intelligently aggregate a wide variety of service content available in many formats and then repurpose and present that information for technicians or end users.
buyer: PTC (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. The company’s technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. "
target: Enigma, Inc.
Enigma's InService MRO and InService EPC software makes working on complex equipment easier, faster and more accurate. Enigma delivers product, parts and service information to engineers and service technicians working in maintenance facilities, field service or dealer environments.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2012 via BusinessWire

PTC, acquired Servigistics

synopsis: PTC completed its previously-announced acquisition of Servigistics, Inc., developer of an innovative suite of service lifecycle management (SLM) software solutions. The combination of the two companies firmly establishes PTC’smarket leadership in SLM by positioning PTC with the most comprehensive “system for service” in the industry.
buyer: PTC (PTC:$1,835.83)
PTC enables manufacturers to achieve sustained product and service advantage. The company’s technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. "
target parent: Marlin Equity Partners
target: Servigistics
Servigistics is a provider of Service Lifecycle Management (SLM). The company's award-winning SLM platform enables market-leading companies across diverse industries to successfully execute a service-led growth strategy that delivers value across the entire global service supply chain.
price ($mm)
$220
rev ($mm)
$80
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
closed 9/6/2011 via BusinessWire

PTC, acquired 4CS Solutions, Inc.

synopsis: PTC, The Product Development Company®, has acquired 4CS Solutions, Inc., a developer of warranty management and service lifecycle management software. The acquisition broadens PTC’s portfolio of solutions for product support and service organizations, and supports PTC’s vision for solutions that span both product and service lifecycles.
buyer: PTC (PTC:$1,835.83)
PTC, The Product Development Company®, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. "
target: 4CS Solutions, Inc.
4CS Solutions, Inc. is a developer of warranty management and service lifecycle management software. 4CS Service Suite software streamlines post sale processes for companies from the time a product is delivered to the time a product is replaced or retired.
price ($mm)[EV]
$15 [$15]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2011 via BusinessWire

PTC, acquired MKS Inc.

synopsis: PTC, The Product Development Company®, has completed its acquisition of MKS Inc., developer of MKS Integrity®, an industry-leading platform for software application lifecycle management (ALM). MKS Integrity coordinates and manages all activities and artifacts associated with developing software-intensive products.
buyer: PTC (PTC:$1,835.83)
PTC, The Product Development Company®, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. "
target: MKS Inc.
MKS enables organizations to reduce the overwhelming complexity of developing software intensive products thereby removing barriers to rapid innovation. MKS Integrity™ manages all systems and software development processes and connects all engineering artifacts.
price ($mm)[EV]
$285 [$261]
rev ($mm)
$71
EBITDA ($mm)
$14
EV / rev
4.0x
EV / EBITDA
20.1x
closed 12/10/2008 via BusinessWire

PTC, acquired Synapsis Technology

synopsis: The Product Development Company®, announced it has acquired the business assets of Synapsis Technology, Inc., based in Spring House, Pa. Synapsis provides environmental regulatory compliance solutions to leading customers including Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco.
buyer: PTC (PTC:$1,835.83)
PTC provides leading Product Lifecycle Management software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies. "
target: Synapsis Technology
Synapsis Technology, Inc. is a global software and consulting company providing Environmental Compliance and Product Lifecycle Management (PLM) software solutions and services.
price ($mm)
$7.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/17/2021 via PR Newswire

Revalize, will acquire PRO.FILE

synopsis: Revalize, the worldwide leader in sector-specific revenue operations software for manufacturers, their distributors and their specifiers, will acquire PRO.FILE by PROCAD. PRO.FILE is a leading software platform designed to accelerate and improve product engineering collaboration and information management for products and plants.
buyer parent: TA Associates
buyer: Revalize
Revalize is the global leader in sector-specific software that help manufacturers optimize revenue operations through design applications, engineering simulations, product selection, CPQ (Configure, Price, and Quote), product information management, visualization, and data analytics. "
target: PRO.FILE
PRO.FILE is a leading software platform designed to accelerate and improve product engineering collaboration and information management for products and plants. Headquartered in Karlsruhe, Germany, PRO.FILE boasts proven product lifecycle management (PLM) and product data management (PDM) solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/25/2021 via BNC Analysis

Sandvik, will acquire Mastercam

synopsis: Sandvik, a high-tech and global engineering group, will acquire Mastercam, a leading provider of CAD/CAM software solutions for manufacturing industries. Mastercam provides solutions for designers and NC programmers around the world, in a spectrum of applications including multiaxis routing, milling and turning, wire EDM, 2D and 3D design and more.
buyer: Sandvik (OM:SAND:$9,297.25)
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. Their operations are based on unique expertise in materials technology, extensive knowledge of industrial processes and close customer cooperation. "
target: Mastercam
Mastercam is a leading provider of CAD/CAM software solutions for manufacturing industries. Mastercam provides solutions for designers and NC programmers around the world, in a spectrum of applications including multiaxis routing, milling and turning, wire EDM, 2D and 3D design, and more.
price ($mm)
rev ($mm)
$60
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/26/2021 via PR Newswire

SyBridge Technologies, acquired Toolstats

synopsis: SyBridge Technologies, a global technology leader in value-added design and production solutions, announced that it has completed the acquisition of Toolstats software. Toolstats is an online data management and tool tracking platform. Toolstats offers custom storage solutions and easy file sharing.
buyer parent: Crestview Partners
buyer: SyBridge Technologies
SyBridge Technologies is a platform created in 2019 to acquire and integrate tooling and mold companies to build a global technological leader. SyBridge builds and integrates tooling and mold companies to create a global technological leader that provides value-added design and production solutions."
target: Toolstats
Toolstats is an online data management and tool tracking platform. Toolstats offers custom storage solutions and easy file sharing. With dedicated sections for tool setup and design information, critical tooling data is easily available when needed.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/19/2021 via BNC Analysis

TRUMPF GmbH + Co. KG, acquired Lantek Systems, Inc.

synopsis: TRUMPF, a German industrial machine manufacturing company, has acquired Lantek, a company that provides software solutions CAD/CAM/MES/ERP for companies fabricating sheet metal, tubes, and beams with any cutting and punching technology.
buyer: TRUMPF GmbH + Co. KG
TRUMPF is a German high-tech company that offers production solutions in the machine tool and laser sectors. It is driving digital connectivity in the manufacturing industry through consulting, platform, and software offers. "
target: Lantek Systems, Inc.
Lantek integrates the most advanced nesting software in the industry with the highest standards in manufacturing management solutions. Lantek provides software solutions CAD/CAM/MES/ERP for companies fabricating sheet metal, tubes, and beams with any cutting and punching technology.
price ($mm)
rev ($mm)
$25
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 3/10/2021 via PR Newswire

Symphony IndustrialAI, acquired Savigent Software

synopsis: Symphony IndustrialAI, a provider of industrial solutions, has acquired Savigent, an IIoT and workflow orchestration platform for manufacturers. Savigent enables global manufacturers to excel in an increasingly competitive global marketplace. Their all-in-one platform automates shop floor, enterprise and end-to-end supply chain processes.
buyer parent: SymphonyAI
buyer: Symphony IndustrialAI
Symphony IndustrialAI is a provider of industrial solutions. Symphony IndustrialAI helps their clients to reduce unplanned maintenances, unwarranted capital expenditures, and unexpected downtime. They offer solutions for condition monitoring, asset performance management, and predictive maintenance."
target: Savigent Software
Savigent is an IIoT and workflow orchestration platform for manufacturers. Savigent enables global manufacturers to excel in an increasingly competitive and unpredictable global marketplace. Their all-in-one platform automates shop floor, enterprise and end-to-end supply chain processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2021 via BNC Analysis

FOG Software Group, acquired FACTON GmbH

synopsis: FOG Software Group (“FOG”), an operating group of Vela Software and Constellation Software Inc., is pleased to announce it has acquired FACTON. FACTON is a global software provider specializing in enterprise-wide product costing solutions for the manufacturing industry.
buyer parent: Constellation Software, Inc.
buyer: FOG Software Group
FOG Software Group is a division of Vela Software and Constellation Software, Inc. The companies acquire, manage, and build software companies in a variety of vertical markets. FOG helps their acquired companies improve operations, grow through organic initiatives, and seek additional acquisitions. "
target: FACTON GmbH
German-based FACTON is a global software provider specializing in enterprise-wide product costing solutions for the manufacturing industry. The FACTON EPC Suite is the leading Enterprise Product Costing (EPC) solution for many of the Fortune Global 100 manufacturers and their suppliers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/29/2020 via PR Newswire

Hexagon AB, will acquire ESPRIT

synopsis: Hexagon AB, a global leader in sensor, software and autonomous solutions, will acquire ESPRIT, a global leader in high-performance computer-aided manufacturing (CAM) software. ESPRIT offers a cloud-enabled, highly adaptable CAM system for creating complex parts.
buyer: Hexagon AB (OM:HEXA B:$4,341.10)
Hexagon is a global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon’s solutions integrate sensors, software, domain knowledge, and customer workflows into ecosystems that deliver actionable information. "
target: ESPRIT
ESPRIT is a global leader in high-performance computer-aided manufacturing (CAM) software. ESPRIT offers a cloud-enabled, highly adaptable CAM system for creating complex parts. Their solution delivers powerful full-spectrum programming for 2-5 axis milling, 2-22 axis turning, wire EDM and more.
price ($mm)
rev ($mm)
$41
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/18/2019 via BNC Analysis

Zilingo, acquired nCinga

synopsis: Zilingo, an ecommerce platform in Singapore that helps fashion and lifestyle retailers sell directly to consumers, has acquired nCinga Innovations, a Sri Lanka-based software company focused on industry 4.0. nCinga provides SaaS-based Manufacturing Execution Systems (MES) for next generation smart factories.
buyer: Zilingo
Zilingo is an ecommerce platform in Singapore that helps fashion and lifestyle retailers sell directly to consumers. Zilingo allows people to buy clothing, accessories, bags, shoes, and more from various retailers. Zilingo uses technology to help businesses become more efficient and scale faster. "
target: nCinga
nCinga is a Sri Lanka-based software company focused on industry 4.0. nCinga provides SaaS-based Manufacturing Execution Systems (MES) for next generation smart factories. Their platform provides operational insights for shop floors and automates label inspections and costing.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via BNC Analysis

TeamSystem SpA, acquired TechMass

synopsis: TeamSystem, the Italian leader in digital business management solutions, has acquired a majority stake in TechMass, a Germany-based company focused on the digitalization of production processes. TechMass provides an IoT cloud-based tool and a digital platform to track machine performance.
buyer parent: Hellman & Friedman LLC
buyer: TeamSystem SpA
TeamSystem is the Italian leader in digital business management solutions. TeamSystem provides solutions for enterprises, craftspeople, accountants, business consultants, lawyers, property managers and associations. They offer solutions for ERP, accounting, CRM, document management, and more. "
target: TechMass
TechMass is a Germany-based company focused on the digitalization of production processes. TechMass provides an IoT cloud-based tool and a digital platform to track machine performance. TechMass enables manufacturers to monitor and improve the efficiency of their production floor.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/5/2019 via BusinessWire

Wipro Limited, will acquire International TechneGroup, Inc.

synopsis: India-based Wipro Limited, a leading information technology, consulting and business process services company, will acquire International TechneGroup Incorporated (ITI), a digital engineering and manufacturing solutions company. ITI is a world leader in Computer Aided Design and Product Lifecycle Management interoperability software services.
buyer: Wipro Limited (BSE:507685:$744,788.00)
Wipro Limited, based in India, is a leading global information technology, consulting and business process services company. They use cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help their clients adapt to the digital world and make them successful."
target: International TechneGroup, Inc.
International TechneGroup Incorporated (ITI) is a leader providing reliable interoperability, validation and migration solutions for product data and related systems. ITI helps manufacturers drive innovation and time to market by applying computer-aided product development to engineering problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/2/2018 via BusinessWire

Aras Corporation, purchased SofTech Srl from SofTech, Inc.

synopsis: Aras, the leader in open product lifecycle management (PLM) software for the enterprise, today announced it has acquired SofTech Srl to expand direct engagement with customers and meet increasing demand for Aras PLM in Southern Europe. SofTech Srl, a subsidiary of SofTech Inc., has been a long-standing, strategic implementation partner for Aras.
buyer: Aras Corporation
Aras enables manufacturers of complex, connected products to transform their product lifecycle. Their open, flexible, scalable, and upgradable product lifecycle management (PLM) platform and applications connect users in all disciplines and functions to critical product information and processes. "
seller: SofTech, Inc. (OTCPK:SOFT:$3.46)
SofTech Srl, a subsidiary of SofTech Inc., is a provider of product lifecycle management (PLM) solutions to customers in southern Europe. SofTech Srl, based in Legnano (MI), Italy, also supports their European partners with the implementation activities around ARAS PLM and Softech’s CAD Connectors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2018 via PR Web

M2M Spectrum Networks, LLC, merged with Solbright Group, Inc.

synopsis: Solbright Group, Inc., an energy management company providing Internet of Things (IoT) solutions for commercial and industrial facilities, and M2M Spectrum Networks, LLC, the fast-growing, national, dedicated IoT network access and IoT solutions company, announced a merger agreement creating the first public and fully-featured IoT network company.
buyer: M2M Spectrum Networks, LLC
M2M Spectrum Networks, LLC, doing businesses as Iota Communications, Inc., is the first company to provide comprehensive solutions for creating, connecting, and managing communications for The Internet of Things (IoT). "
target: Solbright Group, Inc. (OTCPK:SBRT:$12.34)
Solbright, with offices in Newark, NJ and Charleston, SC, is an industrial automation and energy management company providing IoT solutions that help commercial and industrial facilities increase efficiency and reduce cost.
price ($mm)
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 6/14/2018 via BusinessWire

Dassault Systemes SA, will acquire Centric Software, Inc.

synopsis: Dassault Systèmes announced that it has a definitive agreement to acquire a majority stake in Centric Software, a privately-owned industry market leader driving digital transformation with software innovation in the fashion, apparel, luxury and retail sectors.
buyer: Dassault Systemes SA (ENXTPA:DSY:$5,234.90)
Based in France, Dassault Systèmes provides clients with virtual universes to imagine sustainable innovations. Its solutions transform the way products are designed, produced, and supported. They foster social innovation, expanding possibilities for the virtual world to improve the real world. "
target: Centric Software, Inc.
Centric Software provides a Digital Transformation Platform for the prestigious names in fashion, retail, footwear, luxury, outdoor and consumer goods. Centric Visual Innovation Platform (VIP) is a visual digital collection of boards for touch-based devices like iPads and iPhones.
price ($mm)
rev ($mm)
$61
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/5/2017 via BusinessWire

AspenTech, purchased Cipher IIoT from RtTech Software

synopsis: Aspen Technology, Inc., the asset optimization software company, announced it has acquired the Cipher Industrial Internet of Things (IIoT) cloud-native software and edge connectivity assets of RtTech Software Inc., a leading Industrial Apps provider in New Brunswick, Canada.
buyer: AspenTech (AZPN:$693.09)
AspenTech is a leading software supplier for optimizing asset performance. Their products thrive in complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. "
seller: RtTech Software
The acquisition includes the Cipher Industrial Internet of Things (IIoT) cloud-native software and edge connectivity assets of RtTech Software Inc., a leading Industrial Apps provider in New Brunswick, Canada.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2017 via PR Newswire

Panasonic Corporation, acquired Arimo

synopsis: Panasonic Corporation, a worldwide leader in the development of diverse electronics technologies, announced that it has acquired Arimo Inc., a Mountain View, California-based leader in deep learning and behavioral artificial intelligence (AI). Arimo’s Behavioral AI software is aimed at delivering predictive insights in commercial IoT applications.
buyer: Panasonic Corporation (TSE:6752:$60,883.70)
Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. "
target: Arimo
Arimo Inc. is a Mountain View, California-based leader in deep learning and behavioral artificial intelligence (AI). Arimo’s Behavioral AI software is aimed at delivering predictive insights in commercial IoT applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2017 via Company Press Release

Hoerl Information Management GmbH, acquired asim GmbH

synopsis: Hoerl Information Management GmbH has acquired asim, an industrial product information management (PIM) software provider, from Comosoft GmbH. asim is among Europe's leading manufacturers of standardized, individually configurable PIM solutions. asim PIM makes it possible to manage product information from different data sources.
buyer: Hoerl Information Management GmbH
Hoerl Information Management are consultants, implementers and service providers of cross data management solutions. They help clients plan cross media business strategy with product information management, data management, cross media publishing, digital asset management and translation management."
target parent: Eversfrank Group
target: asim GmbH
asim – advanced system for information management – is among Europe's leading manufacturers of standardized, individually configurable product information management (PIM) solutions. asim PIM makes it possible to manage product information from different data sources.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2017 via CNW Group

Mediagrif Interactive Technologies Inc., will acquire Orckestra

synopsis: Mediagrif Interactive Technologies Inc., a Canadian leader in information technology announced that it has entered into an agreement for the acquisition of substantially all of the assets of Orckestra Inc., a leading Canadian-based provider of digital unified and omnichannel commerce solutions for the retail and manufacturing industry.
buyer: Mediagrif Interactive Technologies Inc. (TSX:MDF:$79.18)
Mediagrif Interactive Technologies Inc. is a Canadian leader in information technology, owner of several recognized web and mobile platforms including MERX, BidNet, ASC, InterTrade, Jobboom, Réseau Contact and Carrus. Mediagrif's e-commerce solutions are used by millions of consumers and businesses."
target: Orckestra
Orckestra is a leading provider of digital unified commerce and omnichannel retail solutions. The company offers a single commerce platform to create and manage the most engaging shopping experiences across the web, mobile and in-store.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/26/2016 via Company Press Release

OpusCapita Group Oy, will acquire jCatalog Software AG

synopsis: OpusCapita Group Oy, a Nordic market leader in e-invoicing and financial processes, has agreed to acquire German company jCatalog Software AG to strengthen its buyer-supplier ecosystem offering and to expand its geographical reach. jCatalog is a provider of software solutions for procurement and product information management and distribution.
buyer parent: Posti Group
buyer: OpusCapita Group Oy
Founded in 1984, OpusCapita is headquartered in Espoo, Finland and is fully owned subsidiary of Posti Group. OpusCapita digitalizes and automates purchasing, invoice handling and payments, as well as cash management and supplier financing. "
target: jCatalog Software AG
jCatalog is a leading international provider of software solutions for the management and distribution of product information. jCatalog has applications for Product Information Management (PIM), Cross Media Publishing and e-Commerce, as well as catalog management and procurement processes.
price ($mm)
rev ($mm)
$11
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/4/2015 via Company Press Release

Dürr AG, acquired iTAC Software AG

synopsis: Dürr, one of the world's leading mechanical and plant engineering firms, acquired 100% of the shares in the German software house iTAC Software AG, a company that specializes in providing internet technologies for the manufacturing industry.
buyer: Dürr AG (DB:DUE:$4,201.86)
The Dürr Group is one of the world's leading mechanical and plant engineering firms. Products, systems and services offered by Dürr enable highly efficient manufacturing processes in different industries. "
target: iTAC Software AG
Since its founding in 1998 iTAC Software AG (Internet Technologies and Consulting) has been specializing in providing internet technologies for the manufacturing industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/25/2015 via Company Press Release

Siemens PLM Software, will acquire Polarion Software

synopsis: Siemens has entered into an agreement to acquire Polarion, developer of the first browser-based application lifecycle management (ALM) enterprise solution. Polarion is a leader in the ALM market, leveraging an open architecture, exhibiting state-of-art source code management and supporting the needs of open source development.
buyer parent: Siemens AG
buyer: Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Digital Factory Division, is a leading global provider of product lifecycle management (PLM) and manufacturing operations management (MOM) software, "
target: Polarion Software
Since Polarion’s inception in 2004, their mission has been to help companies advance the development, governance and maintenance of software via a unified solution for Requirements, Quality, and Application Lifecycle Management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker:
 
 
 
 
 
 
 
 
Serviceware SE
Serviceware SE
Serviceware provides software solutions for digitising and automating service processes. Their Enterprise Service Management (ESM) platform comprises of helpLine (Service Management), anafee (Financial Management), Careware (Field and Customer Service Management), and SABIO (Knowledge Management).
year
2019
rev ($mm)
$66.51
EBITDA ($mm)
$5.29
EBIT ($mm)
$4.79
Net Income ($mm)
Employees
378
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Ticker: ASX:SMA
 
 
 
 
 
 
 
 
SmartTrans Holdings Limited
SmartTrans Holdings Limited
SmartTrans Australia provides state-of-the-art logistics solutions for transport and field services operations. Their hosted solutions allow clients to deliver their in-field services and deliveries with increased efficiency, visibility and compliance
year
2017
rev ($mm)
$2.50
EBITDA ($mm)
($4.37)
EBIT ($mm)
($4.39)
Net Income ($mm)
Employees
10
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Ticker: KOSDAQ:A138580
 
 
 
 
 
 
 
 
BusinessOn Communication Co Ltd
BusinessOn Communication Co Ltd
BusinessOn Communication Co Ltd is a SaaS company. The company provides services like electronic document distribution, electronic tax bill, integrated purchase management, electronic contract, purchase confirmation, default registration, online advertising services and other services.
year
2021
rev ($mm)
$25.88
EBITDA ($mm)
$8.33
EBIT ($mm)
$6.94
Net Income ($mm)
$4.82
Employees
0
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Ticker: XTRA:IXX
 
 
 
 
 
 
 
 
Init Innovation in Traffic Systems AG
Init Innovation in Traffic Systems AG
Init is the worldwide leading supplier of planning, dispatching, telematics and ticketing systems for buses and trains. For more than 30 years, INIT has been assisting transport companies in making public transport more attractive, faster and more efficient.
year
2017
rev ($mm)
$157.57
EBITDA ($mm)
$18.73
EBIT ($mm)
$13.42
Net Income ($mm)
$7.18
Employees
733
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Ticker: ENXTPA:DSY
 
 
 
 
 
 
 
 
Dassault Systemes SA
Dassault Systemes SA
Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported.
year
2022
rev ($mm)
$5,234.90
EBITDA ($mm)
$1,796.20
EBIT ($mm)
$1,210.80
Net Income ($mm)
Employees
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Ticker: PTC
 
 
 
 
 
 
 
 
PTC Inc.
PTC Inc.
PTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things. The company’s ThingWorx® platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data.
year
2022
rev ($mm)
$1,835.83
EBITDA ($mm)
$546.93
EBIT ($mm)
$421.67
Net Income ($mm)
Employees
0
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Ticker: TSXV:TKX
 
 
 
 
 
 
 
 
TrackX Inc.
TrackX Inc.
TrackX, based in Denver, Colorado, is an enterprise Industrial Internet of Things (IIoT) software platform provider leveraging multiple auto-ID technologies for the comprehensive management of physical assets. TrackX’s Global Asset Management for the Enterprise (G.A.M.E.) enables the IIoT.
year
2019
rev ($mm)
$4.17
EBITDA ($mm)
($2.69)
EBIT ($mm)
($3.56)
Net Income ($mm)
Employees
13
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Ticker: OTCPK:SOFT
 
 
 
 
 
 
 
 
SofTech, Inc.
SofTech, Inc.
SofTech is a proven provider of engineering software solutions with its ProductCenter® PLM (product lifecycle management) technology and its computer-aided design product CADRA® offering.
year
2016
rev ($mm)
$3.46
EBITDA ($mm)
($0.78)
EBIT ($mm)
($0.82)
Net Income ($mm)
$1.92
Employees
26
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Ticker: TSXV:OEE
 
 
 
 
 
 
 
 
Memex Automation
Astrix Networks Inc., operating under the trade name Memex Automation, is a leading Industrial Internet of Things (IIoT) technology platform provider that connects to any machine and delivers real-time manufacturing productivity metrics.
year
2015
rev ($mm)
$1.03
EBITDA ($mm)
($1.70)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
7
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Ticker: OM:BIM
 
 
 
 
 
 
 
 
BIMobject AB
BIMobject AB
BIMobject is a Swedish technology company that is digitalising the building industry. They are the world's largest digital content management system for BIM objects. BIMobject assists product manufacturers in the AEC field to promote and deliver their products directly into the BIM process.
year
2021
rev ($mm)
$11.40
EBITDA ($mm)
($7.77)
EBIT ($mm)
($8.28)
Net Income ($mm)
Employees
169
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Ticker: ENXTPA:LSS
 
 
 
 
 
 
 
 
Lectra SA
For companies that breathe life into wardrobes, car interiors, furniture and more, Lectra is crafting the premium technologies that facilitate the digital transformation of their industry. Lectra's offer empowers brands and manufacturers from design to production.
year
2021
rev ($mm)
$318.93
EBITDA ($mm)
$47.62
EBIT ($mm)
$41.17
Net Income ($mm)
$25.97
Employees
2400
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Ticker: SWX:IFCN
 
 
 
 
 
 
 
 
INFICON
INFICON
INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes.
year
2018
rev ($mm)
$406.34
EBITDA ($mm)
$96.68
EBIT ($mm)
$84.01
Net Income ($mm)
$68.50
Employees
1095
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Ticker: ECOM
 
 
 
 
 
 
 
 
ChannelAdvisor
ChannelAdvisor
ChannelAdvisor is a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Facebook and more.
year
2021
rev ($mm)
$167.73
EBITDA ($mm)
$22.86
EBIT ($mm)
$19.00
Net Income ($mm)
$47.22
Employees
846
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Ticker: MKFG
 
 
 
 
 
 
 
 
Markforged
Markforged
Markforged is reimagining how humans build everything by leading a technology-driven transformation of manufacturing with solutions for enterprises and societies throughout the world. Markforged is creator of the integrated metal and carbon fiber additive manufacturing platform, The Digital Forge.
year
2021
rev ($mm)
$91.22
EBITDA ($mm)
($57.32)
EBIT ($mm)
($59.04)
Net Income ($mm)
$3.85
Employees
374
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Ticker: ENXTPA:ESI
 
 
 
 
 
 
 
 
ESI Group
ESI Group
ESI is a world-leading provider of Virtual Prototyping software and services with a strong foundation in the physics of materials and Virtual Manufacturing. ESI helps industrial manufacturers replace physical prototypes by virtually replicating the fabrication, assembly and testing of products.
year
2016
rev ($mm)
$140.44
EBITDA ($mm)
$17.73
EBIT ($mm)
$14.08
Net Income ($mm)
$5.78
Employees
1100
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Ticker: PDFS
 
 
 
 
 
 
 
 
PDF Solutions, Inc.
PDF Solutions, Inc.
PDF Solutions, Inc. is the leading provider of yield improvement technologies and services for the IC manufacturing process life cycle. PDF Solutions offers solutions that are designed to enable clients to lower costs of IC design and manufacture, enhance time to market, and improve profitability.
year
2020
rev ($mm)
$88.24
EBITDA ($mm)
($4.25)
EBIT ($mm)
($12.28)
Net Income ($mm)
Employees
353
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Ticker: ADSK
 
 
 
 
 
 
 
 
Autodesk, Inc.
Autodesk, Inc.
Autodesk helps people imagine, design and create a better world. Everyone—from design professionals, engineers and architects to digital artists, students and hobbyists—uses Autodesk software to unlock their creativity and solve important challenges.
year
2022
rev ($mm)
$4,386.40
EBITDA ($mm)
$826.10
EBIT ($mm)
$742.60
Net Income ($mm)
$497.00
Employees
12600
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Ticker: GS:MTLS
 
 
 
 
 
 
 
 
Materialise NV
Materialise NV
Materialise is a global leader in 3D printing solutions. Materialise provides a range of software solutions and 3D printing services. Their platforms enable players in industries such as healthcare, automotive, aerospace, art and design, and consumer goods, to build 3D printing applications.
year
2021
rev ($mm)
$204.45
EBITDA ($mm)
$27.75
EBIT ($mm)
$12.74
Net Income ($mm)
$13.09
Employees
2332
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Ticker: ENXTBR:GLOG
 
 
 
 
 
 
 
 
Hybrid Software Group PLC
Hybrid Software Group PLC
UK-based Hybrid Software Group PLC is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.
year
2021
rev ($mm)
$37.63
EBITDA ($mm)
$8.29
EBIT ($mm)
$2.86
Net Income ($mm)
$2.38
Employees
120
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