Needham, MA — December 11, 2008 — PTC, The Product Development Company, announced it has acquired the business assets of Synapsis Technology, Inc., based in Spring House, Pa.

Synapsis provides environmental regulatory compliance solutions to leading customers including Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco. The company is privately held and has approximately 25 employees.

Financial terms of the acquisition were not disclosed. With this acquisition PTC said it will broaden its support for green product design and enable customers to achieve compliance with REACH and other environmental regulations.

Environmental regulatory compliance and "green" product design are increasingly important across all industries. Faced with a growing set of standards and environmental compliance regulations on product development including the European Union's (EU's) RoHS, WEEE, ELV, REACH, China's RoHS, as well as others, there is growing demand from manufacturers for a scalable platform to support green design initiatives.

The EU's Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation is the latest in a growing list of environmental regulations across the globe. REACH targets hazardous substances in products, termed substances of very high concern (SVHC), and may ban up to 3,000 chemicals used in a wide variety of products. A failure to demonstrate compliance with REACH and other regulations can have severe consequences, threatening product viability and revenue.

PTC said Synapsis' solution supports product compliance tracking at the substance, material, part and product levels to improve data collection, analysis and reporting from the beginning of product design to final disposal and recycling. With these capabilities, Synapsis helps manufacturers manage compliance with REACH, as well as RoHS, WEEE, ELV and China RoHS.

PTC said its Product Development System (PDS) provides a scalable platform that helps companies achieve their business goals through product development process optimization. With the Synapsis solutions, PTC will expand the capabilities of its PDS to help companies build environmental compliance into the product development process, managing compliance with existing and future environmental regulations. By proactively addressing compliance during product design, PTC hopes that companies can avoid after-the-fact redesigns, ultimately reducing costs and improving quality and time-to-market.

"Environmental regulatory compliance is an escalating business challenge for customers across all industries. The constantly increasing number and scope of new regulations adds further complexity to the product development process and must be addressed in a holistic way," said James Heppelmann, executive vice president and chief product officer, PTC. "Synapsis solutions fully complement the PTC PDS. This acquisition benefits PTC customers by enabling them to fulfill global compliance requirements and achieve success with environmentally aware design and other 'green' product development initiatives."

Andrew Wertkin, chief technology officer and co-founder of Synapsis, added: "The incorporation of Synapsis technology with PTC's product development system will create a uniquely powerful combination that weaves compliance into the complete product lifecycle, enabling companies to better manage current and future regulations."

Synapsis solutions are available immediately from PTC. In the near future, PTC will announce further details regarding the timing and availability of an integration with Windchill, PTC's content and process management solution.