CIMdata PLM Industry Summary Online Archive

28 November 2005

Acquisitions

PTC Acquires CADTRAIN

We are pleased to share some news with customers of both PTC solutions and CADTRAIN e-Learning solutions for Pro/ENGINEER-PTC has recently acquired CADTRAIN.

The combination of CADTRAIN's COACH curriculum and PTC's training portfolio not only creates the world's largest Pro/ENGINEER and Windchill learning library, but will also allow us to offer better, and more innovative, ways for you to train your employees.

This acquisition is a clear validation of PTC's and CADTRAIN's joint commitment to training. The combination of CADTRAIN's e-Learning solutions with the existing PTC training offerings and resources will result in more learning content and new, exciting learning options for our customers.

PTC will continue to offer, develop and support the CADTRAIN COACH curriculum and the COACH/LMS product. In addition, CADTRAIN customers will, in the near future, have the ability to acquire fully integrated upgrades to their existing libraries in order to access PTC-created Windchill and Pro/ENGINEER training courses to complement their existing libraries.

We view this acquisition as a giant step toward enabling a long-time goal of thoroughly integrating COACH topics with PTC's Precision Learning methodology. CADTRAIN has been exclusively devoted to developing e-Learning solutions for Pro/ENGINEER since 1995, and this next step opens every development and internal PTC resource for us to accelerate and expand our COACH curriculum and our COACH/LMS Learning Management System.

By taking our 10-year partnership to a new level, we are combining the strengths of our two companies to provide something our customers have been asking for: a complete enterprise learning software solution from one company.

The full CADTRAIN staff that provided development, service and support to our customers in the past will continue to operate within the PTC Education Services group.

We will be glad to answer any questions regarding the acquisition and our mutual goals, and can be contacted at the email addresses below.

Sincerely,

Dennis Stajic

Vice President Education Services, PTC (formerly CADTRAIN)

dstajic@ptc.com

Matt Cohen

Vice President of Customer Education, PTC

macohen@ptc.com

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