Subsequent Events Subsequent Events (Notes)

3 Months Ended

Jan. 02, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

15. Subsequent Events

Acquisition

On January 12, 2016, PTC acquired all of the ownership interests in Kepware Technologies, a software development company that provides communications connectivity to industrial automation environments, for approximately $100.0 million in cash and $18.0 million of contingent earn-out. The acquisition enhances PTC’s portfolio of Technology Platform technologies. At the time of the acquisition, Kepware had approximately 115 employees and generated approximately $20 million of annualized revenue historically. We have not yet completed our acquisition accounting.

Borrowing under our Credit Facility

We borrowed $120.0 million under our existing credit facility in January of 2016, $100.0 million of which was used to fund the acquisition of Kepware.