DEVELOP3D - Technology for the product lifecycle

Parametric Technologies is apparently taking steps toward selling itself to the tune of $2bn having apparently hired Goldman Sachs in a move to attract potential buyers, according to the Financial Times.

The manufacturer of Pro Engineer, based in Massachusetts and founded in 1987, has seen its growth continue following four acquisitions last year as leading to forecasted revenues of $1.07bn for fiscal 2008. Expect a bidding frenzy; despite the credit crunch disturbing markets elsewhere, nothing seems to be effecting the trade in CAD companies.