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

• Safeguard Scientifics (NYSE: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)