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News Breaks
July 23, 2014
17:56 EDTPTCPTC Inc. to acquire Axeda for about $170M cash
PTC announced it has signed a definitive agreement to acquire privately-held Axeda for approximately $170M in cash. Axeda’s technology innovation, extensive customer base, and powerful partnerships directly complement the PTC ThingWorx business, and will accelerate PTC’s ability to deliver best-in-class solutions across the entire Internet of Things technology stack. Subject to satisfaction of customary closing conditions and certain regulatory approvals, the transaction is expected to be completed in PTC's Q4. The acquisition is expected to add $25M-$30M of revenue in FY15. PTC expects to draw on its credit facility to finance the transaction. Axeda has approximately 160 employees primarily located in the United States.
News For PTC From The Last 14 Days
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July 30, 2015
05:42 EDTPTCPTC Inc. price target raised to $53 from $43 at JPMorgan
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July 29, 2015
16:21 EDTPTCPTC Inc. sees Q4 EPS 59c-66c, consensus 71c
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16:20 EDTPTCPTC Inc. reports Q3 EPS 53c, consensus 51c
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July 21, 2015
08:17 EDTPTCThingWorx, Etisalat reach IoT development platform agreement
ThingWorx, a PTC company, announced that Etisalat, a Telecommunications provider operating in the Middle-East, Africa and Asia, has signed a Group Framework Agreement to deploy the Industry leading ThingWorx Internet-of-Things, or IoT, Development Platform to enable new innovative IoT and M2M services throughout the regions that it serves.

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