Pava Partners is pleased to announce that we advised the shareholders of pure-systems GmbH (pure-systems) on the sale to PTC Inc. (PTC). pure-systems, based in Magdeburg, Germany, 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 product development problems by weaving a digital thread through engineering, manufacturing, and service. The addition of pure-systems is expected to strengthen PTC’s leading position in the fast-growing application lifecycle management (ALM) market.
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. Deep integration with configuration management supports parallel development of product line assets and variant-specific assets, allows shortening time-to-market for new variants and increasing reusability of engineering assets while ensuring compliance, quality, and sustainability. Customers of pure-systems are companies in the automotive, aerospace, defense, rail & transportation and other sectors.
Ywes Israel, Principal and the responsible Investment Manager at bmp Ventures AG, says about the successful cooperation: “We really enjoy working with Pava Partners because we can rely 100% on the team here. 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. A big thank you to the entire team!”
“It’s a big step for us to now be able to continue to grow as part of PTC. We started with the goal of enabling companies to deliver high-quality, on-point, and attractively priced product development in times of growing complexity. To now achieve this more effectively and globally makes us proud,” states Dr. Danilo Beuche, CEO of pure-systems. “The team at Pava Partners has made this possible for us – through their excellent international network, first-class industry know-how, and strong negotiation skills – and incredibly fast too. For this, we would like to express our deepest gratitude.”
Holistic variant management in product development. The goal 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 by automating what can be automated, by helping to avoid unnecessary complexity and by making the remaining complexity as easy to manage as possible.
Further information can be found at: www.pure-systems.com
About bmp Ventures
With a background of over 250 investments in almost all technology segments since 1997, the majority of which are early stage, 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 (NASDAQ: PTC)
PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally.
Further information can be found at: www.ptc.com.