ThingWorx Acquisition Is News for the New Year
The year 2014 started (or the year 2013 ended, if you will) with a bang for the M2M/IoT industry when PTC announced on December 30, 2013, the acquisition of ThingWorx. ABI Research analyzed the development in a blog post, “The IoT Year Ends with a Bang: PTC Pays $112m for ThingWorx,” freshly as it broke, and since it is one of the most important deals the industry has ever seen, it also warrants a good look in the form of two ABI Insights.
The buyer, PTC, is a software and services solution provider for manufacturers, helping them create, build, manage, and service products at several points in the value chain, including engineering, supply chain, manufacturing, quality assurance, sales, and service/support. The broad product categories in the PTC portfolio include product lifecycle management (PLM), computer-aided design (C...
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