Notable Mergers and Acquisitions 5/5: (PTC) (TASR) (KS) - InvestingChannel

May 10, 2024

Notable Mergers and Acquisitions 5/5: (PTC) (TASR) (KS)

by Street Insider064

* PTC (Nasdaq: PTC) announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics, for approximately $105 million. The acquisition of ColdLight’s Neuron automated predictive analytics platform will enrich PTC’s technology portfolio and extend PTC’s position as a leader in the Internet of Things (IoT) market.

ColdLight will serve as PTC’s core data analytics platform to deliver new value to markets both companies serve today – manufacturing, healthcare, media and retail – as well drive growth across new markets. When combined with PTC’s ThingWorx® IoT platform, ColdLight’s Neuron will automate