PTC Acquires ThingWorx
Perspectives on the Acquisition
Tom Sears
Technical VP of Solution Strategy, PTC Service Lifecycle Management Business Segment
NEEDHAM, MASS., December 30, 2013 – PTC (Nasdaq: PTC) today announced it has acquired ThingWorx, creators of an award-winning platform for building and running applications for the Internet of Things (IoT), for approximately $112 million, plus a possible earn-out of up to $18 million. The acquisition of ThingWorx positions PTC as a major player in the emerging Internet of Things era.
The ThingWorx acquisition extends PTC's strategy by accelerating its ability to support manufacturers seeking competitive advantage as they create and service smart, connected products. As part of PTC, ThingWorx will continue to help customers in a wide range of industries seeking to leverage the IoT, including telecommunications, utilities, medical devices, agriculture, and transportation, as well as an emerging partner network of IoT-enabled service providers.
Related Resources
About PTC
Coverage
- Jan 8, 2014 | Schnitger Corporation
Your dishwasher talks to the IoT; now what? - Jan 6, 2014 | Engineering.com
Why PTC acquired ThingWorx - Jan 3, 2014 | TEC Technology Evaluation Centers
PTC Embarks on Internet of Things Journey via ThingWorx Acquisition - Jan 2, 2014 | Joe Barkai - Industry Analyst Blog
PTC Acquires ThingWorx: Observations, Questions and Some Answers - Dec 31, 2013 | Supply Chain Matters
PTC Acquires Internet of Things Platform Provider ThingWorx - Dec 31, 2013 | The Service Council
PTC Resolves to Connect with Machine Data, Acquires ThingWorx