PTC Expands Product Analytics Strategy with Acquisition of Relex Software Corporation

By DE Editors

PTC has acquired Relex Software Corporation. Relex provides software and services for analyzing design and field data in order to assist in evaluating and improving product reliability and safety. Relex products and services are used by thousands of engineers in a variety of businesses. The company was privately held and had approximately 50 employees. With this acquisition, PTC continues to execute its product analytics strategy, broadening its family of solutions to include product reliability in addition to environmental compliance.

The Relex acquisition is a component of PTC’s product analytics strategy. Product development organizations are under pressure to comply with international environmental regulations, reliability, and maintainability requirements, while lowering lifecycle and product costs. Decisions made to optimize one dimension are likely to impact performance on these other dimensions. These pressures are the impetus for PTC’s product analytics strategy.

By offering customers solutions that allow them to analyze across a series of product performance dimensions early in the product’s lifecycle, PTC empowers them to make sound tradeoff decisions based on the aggregation of data from a variety of sources. With product analytics software,  PTC aims to provide a comprehensive solution to streamline prediction and analysis of product performance, provide visibility to product development stakeholders and enable effective tradeoff studies.

Relex solutions are immediately available stand-alone as they were prior to the acquisition. To execute on its broader product analytics vision, PTC plans to combine the Relex solutions with its product analytics solutions as well as developing integrations between Relex and other components in the PTC product development system.

For more information, visit PTC.

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