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Design companies on buying spree.(NEWS: ACQUISITION)
Following the close of first-quarter financials, a number of CAD/CAM/CAE companies announced mergers and acquisitions of various companies in an attempt to create economies of scale and to reach a broader audience with their tools and technologies.
Computer-aided design software industry giant PTC announced its intention to buy Mathsoft, developer of Mathcad, which is engineering calculation software for manufacturing, architecture, engineering, construction, and education. Meanwhile, Adobe completed a deal that now gives the ...
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