Parametric (PMTC), which provides product-design software, agrees to buy closely held...

|By:, SA News Editor

Parametric (PMTC), which provides product-design software, agrees to buy closely held Servigistics for around $220M in a deal that will strengthen Parametric's Web process management offerings. In connection with deal, Parametric ups its 2013 adjusted FY EPS forecast by 2-5 cents from $1.70-$1.80. Consensus is for $1.74. (PR)