PTC acquires IncQuery Group

PTC (PTC) announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management, or ALM, and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables better collaboration across development teams and more efficient management of product data. The acquisition further expands PTC’s deep expertise in ALM, systems engineering, and product lifecycle management, or PLM, and support for customers in these areas. The acquisition continues PTC’s momentum in ALM, following the release of its Codebeamer(R) 3.0 ALM solution and the ongoing development of its Codebeamer AI offering.