Safeguard Scientifics to net $40.5M from sale of partner company

|About: Safeguard Scientifics, Inc. (SFE)|By:, SA News Editor

Safeguard Scientifics (SFE) will recognize ~$40.5M in proceeds from the sale of partner company ThingWorx to PTC Inc.

SFE could receive as much as $47M depending on the achievement of "certain milestones."

The company has spent $10M on ThingWorx since 2011. (PR)