Tech Company M&A Transactions
Arena Solutions Acquisition
Arena Solutions was acquired by PTC. The acquisition was announced on 12/14/2020. The parties disclosed the acquisition price to be $715 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/14/2020
Transaction Type
M&A
Amount
$715,000,000
M&A Terms
The acquisition will further PTC's strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution. Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
989 East Hillsdale Blvd. 250
Foster City, CA 94404
USA
Foster City, CA 94404
USA
Phone
Website
Email Address
Overview
Arena provides affordable cloud product lifecycle management (PLM) solutions that enable manufacturers to lower costs, shrink time to market and increase quality.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Craig Livingston
VP - Customer Service
Nathan Martin
VP - Engineering
Wenxiang Ma
VP - Sales
Andrea Pitts
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