Wednesday, April 26, 2006

PTC is acquiring Mathsoft for $63 million - Cambridge, MA

Needham based Parametric Technology Corporation is acquiring Mathsoft for $63 million in cash, triple Mathsoft's annual sales. Some 250,000 engineers use Mathsoft's Mathcad product to create calculations on computers. Parametric (Nasdaq: PMTC) sells software for computer-aided design, compiling product development data and updating documents. Mathsoft adds 130 people to PTC's workforce of more than 4,000 employees.


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