Pava Partners is pleased to announce that we have advised the shareholders of pure-systems GmbH (pure-systems) on the sale to PTC Inc. (PTC). Magdeburg-based pure-systems is the world’s leading provider of engineering solutions for product line and variant management.

Headquartered in Boston, USA, PTC helps complex industrial manufacturers solve fundamental problems in product development by weaving a digital thread through engineering, manufacturing and service. The acquisition of pure-systems is intended to strengthen PTC’s leading position in the fast-growing market for Application Lifecycle Management (ALM).

Founded in 2001, pure-systems offers its customers worldwide a holistic platform that can be integrated with all relevant engineering tools across the entire development lifecycle. It enables engineers and developers to efficiently manage the growing complexity of their product platforms. The deep integration with configuration management supports the parallel development of product line assets and variant-specific assets, shortens the time-to-market for new variants and increases the reusability of engineering assets while ensuring compliance, quality and sustainability. Customers of pure-systems include companies from the automotive, aerospace, defense, rail, transportation and other industries.

Ywes Israel, Principal and responsible Investment Manager at bmp ventures on the successful cooperation: “We really enjoy working with Pava Partners because we can rely on the team 100%. Even if – as in this case – we only had a very short but all the more intensive period of time available, all challenges were handled and mastered professionally. Many thanks to the entire team!”

“It is a big step for us to be able to grow further as part of PTC. We set out with the aim of providing companies with high-quality, precise and attractively priced product development in times of growing complexity. Achieving this even more effectively and globally makes us proud, says Dr. Danilo Beuche, CEO of pure-systems. “The team at Pava Partners made this possible with their excellent international network, first-class industry know-how and strong negotiating skills – and incredibly quickly. We would like to thank you very much for this.”

About pure-systems

Holistic variant management in product development. The aim of pure-systems is to develop highly innovative software technologies and solutions for Variant Management and Product Line Engineering. The company helps its customers increase engineering efficiency through systematic reuse of software engineering assets and bring them to market by managing the complexity of features and dependencies across systems and variants.

You can find more information here: www.pure-systems.com

About bmp Ventures

With a background of more than 250 investments in almost all technology segments since 1997, the majority of which are in the early stages, bmp is one of the most experienced venture capital investors in Germany. In addition to direct investments, bmp has managed venture capital funds for KfW Bankengruppe and DEG – Deutsche Investitions- und Entwicklungsgesellschaft, among others. Apart from the Brandenburg early-stage fund, bmp manages the IBG funds in Saxony-Anhalt with a volume of around EUR 150 million.

Further information can be found at www.bmp.com.

About PTC

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitize the way they design, manufacture and maintain the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers worldwide.

For more information, please visit www.ptc.com.