PTC buys Arbortext

July 6, 2005 - Today PTC announced it has entered into a definitive agreement to acquire Arbortext, Inc. developers of the EPIC XML authoring suite. The transaction is expected to close by the end of July 2005, subject to customary conditions including regulatory approval. The transaction has been approved by Arbortext shareholders.

PTC claim they will be "uniquely positioned to enable customers to create, manage and dynamically publish critical information concurrently with the development of related products or services, improving time-to-market, quality, cost and customer satisfaction."

Is this good news? What do you think?