Parametric Technology Corp. (PTC) Tops Q3 EPS by 3c; Issues Solid Outlook

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PTC (PTC) to Acquire Axeda Corporation for $170M

July 23, 2014 5:58 PM EDT

PTC (Nasdaq: PTC) signed a definitive agreement to acquire privately-held Axeda Corporation, a pioneer in the development of solutions to securely connect machines and sensors to the cloud, for approximately $170 million in cash. Axedas technology innovation, extensive customer base, and powerful partnerships directly... More