PTC Acquires Synapsis Technology, Inc.

By DE Editors

PTC (Needham, MA)  acquired the business assets of Synapsis Technology, Inc. (Springhouse, PA), which provides environmental regulatory compliance solutions to customers including Motorola, Microsoft, Sony Ericsson,  Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco. Financial terms of the acquisition were not disclosed.

With this acquisition PTC will broaden its support for green product design and enable customers to achieve compliance with REACH and other environmental regulations.

Environmental regulatory compliance and “green”  product design are increasingly important across all industries. Faced with a growing set of standards and environmental compliance regulations on product development including the European Union’s (EU) RoHS, WEEE, ELV, REACH, China’s RoHS, as well as others, there is growing demand from manufacturers for a scalable platform to support green design initiatives.

The EU’s Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation is the latest in a rapidly growing list of environmental regulations across the globe. REACH targets hazardous substances in products, termed substances of very high concern (SVHC), and may ban up to 3,000 chemicals used in a wide variety of products. A failure to demonstrate compliance with REACH and other regulations can have severe consequences, threatening product viability and revenue.

Synapsis’ patented solution supports product compliance tracking at the substance, material, part and product levels to improve data collection, analysis and reporting from the beginning of product design to final disposal and recycling. With these capabilities, Synapsis helps manufacturers manage compliance with REACH, as well as RoHS, WEEE, ELV, and China RoHS.

For more information about the acquisition, please visit PTC.

Sources:  Press materials received from the company and additional information gleaned from the company’s website.