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PTC and CAD Schroer Sign Agreement Transferring Medusa 2D CAD Assets

Arrangement Provides MEDUSA Customers With Ongoing, Superior Innovation, and Access to Product-specific and Industry-specific Expertise (January 17, 2002)
PTC, the product development company, today announced that it has entered into a definitive agreement, transferring its MEDUSA family of 2 dimensional (2D) computer- aided design (CAD) products to Germany-based CAD Schroer. CAD Schroer, whose core business is built around the Medusa technology, is PTC's largest MEDUSA reseller. MEDUSA is a 2D detailing and design documentation solution with additional applications focused on plant design. The agreement is part of PTC's ongoing efforts to focus on its strategic core technology. Financial details were not disclosed.

Under the agreement, CAD Schroer will assume responsibility for future product development, as well as sales and maintenance support for existing MEDUSA customers. PTC's close relationship with CAD Schroer will continue, and PTC will resell and distribute "PEGASUS," a new stand-alone drafting system currently being developed. PEGASUS is designed as a complement to MEDUSA and Pro/ENGINEER(R), PTC's market leading product development solution.

"We always want what is best for the PTC customer and many of our MEDUSA customers will continue to be users of other PTC products and services," said Brian Shepherd, PTC senior vice president, MCAD Strategy. "This agreement, and the ongoing relationship between PTC and CAD Schroer, gives these customers two highly focused and cooperative partners to ensure their continued product development success."

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Related Keywords:PTC, CAD Schroer, Medusa, 2D CAD


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