Software, Manufacturing, deals

Parametric Seeks a Buyer

Wade Roush 9/9/08

Needham, MA-based Parametric Technologies (NASDAQ: PMTC), which makes software for computer-aided design and product lifecycle management, has hired Goldman Sachs to recruit potential buyers willing to consider a price tag in the neighborhood of $2 billion, according to a report this week in the Financial Times of London. The report said Goldman Sachs has sent data on the company, which has a market capitalization of roughly $2.2 billion, to several larger competitors and private equity investors.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.