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For CIOs

Quick Take: PTC Bulks Up For Internet Of Things But Will Face Stiff Competition

Adding Axeda To ThingWorx Assets Gives PTC A Jump On Enterprise Rivals

July 28, 2014

Why Read This Brief

PTC, a software maker that serves product manufacturers, has entered into a definitive agreement to acquire privately held Axeda for $170 million in cash. The Axeda acquisition, combined with the ThingWorx business acquired in December 2013, establishes PTC as a key player for product manufacturers in the connected world, commonly referred to as the Internet of Things (IoT). PTC will be able to offer manufacturers an end-to-end capability to develop, connect, secure, operate, and service smart products that will enable digital business capabilities — and the acquisition brings PTC into new vertical markets and business partnerships. This report highlights the implications for PTC's offerings and identifies key issues facing PTC and CIOs in this emerging connected-world market of IoT.

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