PTC buys MKS Integrity to enhance PLM s/w

BANGALORE, INDIA: PTC, a product development company, on Thursday said it has completed its acquisition of MKS Inc., developer of MKS Integrity, a platform for software application lifecycle management (ALM).

MKS Integrity coordinates and manages all activities and artifacts associated with developing software-intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability, said a press release. 

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By combining MKS Integrity with PTC’s product lifecycle management (PLM) solutions, PTC is reshaping the way manufacturers integrate product hardware and software, enabling them to improve product quality, accelerate time-to-market, and reduce risk and total service costs.

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“Software engineering has become a fundamental backbone element in today’s product development process. As a result, companies are seeking a much more comprehensive management approach to their product lifecycle,” said James Heppelmann, president and CEO of PTC.

“By combining MKS Integrity with our PLM portfolio, PTC is setting a new standard for unified product lifecycle management with the industry’s only truly integral product configuration, collaboration and change management solution,” he added.