PTC Completes Acquisition Of MKS

PTC, The Product Development Company, 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. 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.

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

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