PTC Acquires Relex Software Corporation

Jun 09, 2009

PTC, a provider of Product Lifecycle Management (PLM) and Enterprise Content Management (ECM) solutions, announced it has acquired Relex Software Corporation. Relex provides software and services for analyzing design and field data in order to assist in evaluating product reliability and safety. Financial terms of the acquisition were not disclosed. With this acquisition, PTC continues to execute its product analytics strategy, broadening its family of solutions to include product reliability in addition to environmental compliance. PTC aims to provide a solution to streamline prediction and analysis of product performance, provide visibility to product development stakeholders, and enable tradeoff studies.