PTC, an American computer software and services company, completed the acquisition of Intland Software, a software development firm, for $280m. "We are pleased to complete the acquisition of Intland. Codebeamer is fast becoming the new standard in safety-critical and regulated industries as products are increasingly differentiated by software. The addition of Codebeamer to our ALM suite will bolster both ALM and PLM growth potential by significantly increasing our product strength and market momentum," Jim Heppelmann, PTC President and CEO.