Industrial IoT company PTC to acquire Onshape, maker of a SaaS product development platform for CAD, for $470M; Onshape has received over $150M in VC funding (Stephanie Condon/ZDNet)

Stephanie Condon / ZDNet:
Industrial IoT company PTC to acquire Onshape, maker of a SaaS product development platform for CAD, for $470M; Onshape has received over $150M in VC funding  —  The $470 million deal should help PTC, a major industrial IOT player, accelerate its transition to a SaaS-based business model.