By Janmesh Chintankar

Boston, United States – PTC announced that it has signed a definitive agreement to acquire ServiceMax for approximately [$1.46 billion (€1.42 billion)] in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake. ServiceMax is a provider in cloud-native, product-centric field service management (FSM) software. The acquisition is expected to strengthen PTC’s closed-loop product lifecycle

The post PTC to acquire SaaS field service management provider ServiceMax appeared first on IoT Now News – How to run an IoT enabled business.

Read more here::