Analyzing PTC’s ThingWorx Acquisition: Part Two

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1Q 2014 | IN-1018107


PTC and ThingWorx Have Extensive Ground to Cover


The news that PTC agreed to buy ThingWorx for US$112 million caused quite a stir in the M2M/IoT market. This deal was discussed in an earlier ABI Research blog post, and in part one of this ABI Insight, “Analyzing PTC’s ThingWorx Acquisition: Part One.” The first part looked into the possible reasons why PTC, which expects ThingWorx to add approximately US$10 million in revenues over the next 12 months, paid for the still unprofitable startup as much as it did, which is approximately 15 times its 2013 revenues. This second part will, in turn, assess in more detail what the implications are for PTC’s f...

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