There’s a direct correlation between the proliferation of augmented reality apps and the demand for 3D content, and PTC just quantified that in dollars.

On Wednesday, the company committed $470 million to acquire Onshape, makers of computer-aided design (CAD) software that has amassed $150 million in funding and more than 5,000 subscribers since its founding in 2012. Barclays advised PTC on the acquisition.

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Onshape delivers its platform via the software as a service (SaaS) model, giving PTC a recurring revenue… more

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