Kartham said he was also the majority shareholder of 4CS, and that there was one other shareholder, who also sold to PTC. We recently spoke with Ashok Kartham, the founder, president and chief executive officer of 4CS, about the acquisition.
So while it's somewhat difficult for us to remain impartial to this news, we'd probably be just as enthusiastic about it if it came from a company we didn't know as well.
Price was not announced, nor were the terms of the acquisition as regards the timing or form of payment (stock or cash).ĤC Solutions, of course, is one of the leading warranty management software companies, and since early 2005 has also been a leading sponsor of Warranty Week. 4C Solutions Inc., of East Moline, Illinois, was acquired by PTC, the preferred name of what's formally known as the Parametric Technology Corporation. Last week, one of those Eagle Scouts was acquired by a much larger software company that was looking to round out its aftermarket product line. And then once the customer realizes how interdependent the warranty process really is, it can take years to connect it all.Īnyone who can make a long-term career out of warranty management software sales has certainly earned their merit badge in entrepreneurship. Warranty management software has always been a tough business, with relatively small vendors facing off against relatively hesitant customers. So it bought warranty software company 4CS to round out its product line. No single company's software can make them all talk to each other, not even a CAD/CAM company like PTC. And warranty needs user manuals and parts from them. Warranty Software Acquisition: Engineering wants to talk to warranty and so does manufacturing.
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