BREAKING STORY: PTC Buying Onshape

The company that started the latest revolution in mechanical CAD is being bought by the company that started the first one. In an announcement that knocked us off our chairs, CEO Jim Heppelmann revealed PTC will be paying $470 million for Onshape.
Sound like a lot of cash? It’s less than twice what Dassault Systèmes paid for SolidWorks ($310 million) 22 years ago. It’s a tenth of what Siemens paid for Mentor ($4.5 billion).
Onshape, the free, cloud-based CAD application, yo…
Source: engineering.com

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