Press Release December 14, 2020

Arena Solutions To Be Acquired By PTC For $715 Million

The Private Equity team advised Arena Solutions, a JMI Equity portfolio company, on its agreement to be acquired by PTC (NASDAQ: PTC) for $715 million in cash.

Arena Solutions is a leading provider of cloud-based product development solutions for the high tech, consumer electronics, and medical device industries.

JMI Equity is a growth equity firm focused on investing in leading software companies.

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity.

The Goodwin team was led by Brian McPeake, Amy Keller, Jordan Klein, and Talea Stashin.

For more details, read the press release.