PTC Acquires IncQuery Group to Strengthen ALM, PLM, and Systems Engineering Solutions!
By Ashutosh Arora
PTC has announced the acquisition of IncQuery Group, a leading provider of application lifecycle management (ALM) and systems engineering consultancy services. This strategic acquisition enhances PTC’s portfolio in ALM, product lifecycle management (PLM), and systems engineering, while supporting its ongoing commitment to helping manufacturers and product companies accelerate their product development processes.
IncQuery Group is renowned for its expertise in simplifying the product development process by seamlessly connecting hardware and software engineering systems. The company’s solutions enable improved collaboration across development teams and more efficient management of product data. The acquisition allows PTC to further enhance its ALM and PLM offerings, driving faster product development cycles, higher quality standards, and meeting regulatory and sustainability requirements.
Neil Barua, President and CEO of PTC, highlighted, “A top priority for our customers is transforming their engineering and product development processes to develop products faster with higher quality, all while meeting regulatory and sustainability requirements. The acquisition of IncQuery Group strengthens our focus on engineering and product development and adds valuable expertise to help accelerate our ALM and PLM portfolio integrations and better support our customers. We welcome the IncQuery Group team to PTC and look forward to their contributions.”
IncQuery Group’s leadership, including István Ráth, Chairman of the Executive Board, and Ákos Horváth, Chief Technology Officer, shared their enthusiasm about joining PTC. They said, “IncQuery Group shares PTC’s commitment to transforming digital engineering and product development processes, and we’re thrilled to join the team. This acquisition gives us the opportunity to support even more of the world’s leading manufacturers and product companies with our systems engineering and ALM expertise, and to help enhance PTC’s leading engineering and product development portfolio.”
The acquisition follows PTC’s ongoing momentum in the ALM space, including the release of its Codebeamer® 3.0 ALM solution and the continuous development of Codebeamer AI, further solidifying PTC’s leadership in digital engineering and product development.
With this acquisition, PTC continues to expand its capabilities in the ALM, PLM, and systems engineering fields, driving innovation and improving the engineering and manufacturing process for its global customers.
