PTC continued to add to its expansive IoT customer base in 2016, surpassing 1,200 companies. PTC’s IoT business concluded calendar 2016 with revenue of approximately $100 million.
PTC’s IoT business grew in calendar 2016, with total year-over-year bookings growth of 115%, including the contributions from Kepware and Vuforia, and organic bookings growth of 53%. As we enter 2017, many of the world’s largest, most successful companies are eager to work with us on new IoT projects.” IoT Bookings Growth “2016 was a banner year for PTC, as we further proved that our vision and offerings resonate with buyers around the world. Instead, from day one, we committed ourselves to becoming the leading IoT platform company for the industrial market,” said Jim Heppelmann, president and CEO, PTC. “When we embarked on our IoT journey, we didn’t set out to be a casual participant in this space. PTC ignited its IoT strategy in 2013 with the acquisition of ThingWorx, and, since that time, has developed one of the most robust IoT offerings in the market. PTC expanded its year-over-year IoT bookings in 2016, added new customers and partners to its IoT ecosystem, enhanced its IoT technology portfolio, garnered industry recognition and validation, and substantially grew its IoT academic programs. And, yes Virginia, there is money to be made in IoT. Then came this press release trumpeting 2016 results.
I saw some things last year that told me it was on the right track.
#Manufacturing suite for kepserverex series
When it announced a series of acquisitions including ThingWorx and Kepware (at premium prices from the looks of things) I had to wonder what was up.Įxecutives assured me that it was a comprehensive corporate plan for growth that included bringing the disparate elements of the company into a cohesive whole. PTC has had an interesting journey of moving from ERP to PLM to IoT through batches of acquisitions over the course of several years. PTC Delivers Year of Success in Its Internet of Things Businessīy Gary Mintchell | | Commentary, Internet of Things, News, Operations Management