M&A Deal Summary

PTC Acquires Arena Solutions

On December 14, 2020, PTC acquired internet software and services company Arena Solutions from JMI Equity for 715M USD

Acquisition Highlights
  • This is PTC’s 5th transaction in the Internet Software and Services sector.
  • This is PTC’s largest (disclosed) transaction.
  • This is PTC’s 21st transaction in the United States.
  • This is PTC’s 3rd transaction in California.

M&A Deal Summary
Date 2020-12-14
Target Arena Solutions
Sector Internet Software and Services
Buyer(s) PTC
Sellers(s) JMI Equity
Deal Type Add-on Acquisition
Deal Value 715M USD
Advisor(s) Barclays Investment Bank (Financial)
Goodwin Procter (Legal)

Target

Arena Solutions

Foster City, California, United States
website
Arena Solutions, Inc. is a cloud-based PLM company that provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Its solution creates a collaborative development-to-production workflow tied to the product record that connects electrical, mechanical, and software engineers, allowing them to work seamlessly with product development, quality, and manufacturing teams. Arena Solutions was founded in Foster City, California.

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Buyer(S) 1

Buyer

PTC

Boston, Massachusetts, United States

website

Category Company
Founded 1985
Sector Software
Employees6,268
Revenue 1.9B USD (2022)
DESCRIPTION

PTC is a U.S.-based computer software company specializing in 2D & 3D design software, product lifecycle management, and service management solutions. PTC was founded in 1985 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 26 of 28
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 24 of 26
State (California) 3 of 4
Country (United States) 21 of 22
Year (2020) 1 of 1
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Onshape

Cambridge, Massachusetts, United States

Onshape, Inc. software offering is delivered in a SaaS model, making it accessible from any connected location or device, eliminating the need for costly hardware and administrative staff to maintain. Distributed and mobile teams of designers, engineers, and others can benefit from the product’s cloud nature, enabling them to improve collaboration and to dramatically reduce the time needed to bring new products to market – while simultaneously staying current with the latest software.

Buy $470M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Intland Software

Stuttgart, Germany

Intland Software serves an impressive array of global enterprise ALM customers operating across the automotive, life sciences, consumer electronics, and aerospace and defense industries. The company's solutions help global leaders and innovators in regulated industries break down complexity in product engineering and enable process excellence for product innovation. Intland Software was formed in 1999 and is based in Stuttgart, Germany.

Buy $280M

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 99 of 105
Sector (Internet Software and Services) 19 of 21
Type (Add-on Acquisition) 64 of 66
State (California) 18 of 18
Country (United States) 89 of 93
Year (2020) 4 of 5
Size (of disclosed) 7 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Swiftly

San Francisco, California, United States

Swiftly is a cloud-based big data platform specifically designed for public transit data and operations. Swiftly is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Healthx

Indianapolis, Indiana, United States

Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

Sell -
Mergr

Product

Company

Legal