PTC Delivers Standout Year of Success in Its Internet of Things Business
Successful 2016 Calendar Year Punctuated by Bookings Growth, Platform Innovation, Academic Mindshare, and Analyst Validation
"When we embarked on our IoT journey, we didn't set out to be a casual
participant in this space. Instead, from day one, we committed ourselves
to becoming the leading IoT platform company for the industrial market,"
IoT Bookings Growth
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%. PTC's IoT business concluded calendar 2016 with revenue of approximately
Key Customer and Partner Success
PTC continued to add to its expansive IoT customer base in 2016, surpassing 1,200 companies. Realizing that a vast ecosystem is needed to win in the era of the IoT, PTC has established a network of more than 250 partners that promote the company's strategy and embrace its technology.
Fundamental to PTC's growth was the selection of the
GE Digital - PTC and GE Digital furthered
their strategic relationship, with the aim to better optimize the
combination of the
ThingWorxand Predix platforms with a "ThingWorx for Predix" solution for the industrial space, as demonstrated at GE's Minds + Machines 2016.
Vodafone - Vodafone Group selected
ThingWorxplatform in order to build additional Vodafone IoT applications that it can extend to its global footprint of operating companies.
Hewlett Packard Enterprise (HPE) - PTC and HPE are
collaborating to develop new IoT solutions for industrial use
ThingWorxsoftware and HPE's Edgeline Converged Edge System and the HPE Aruba ClearPass network access and security policy software were demonstrated together at HPE Discover 2016.
VMware - VMware joined
the PTC ThingWorx Ready partner program, with a goal of pairing
ThingWorxplatform with its own IoT solutions to create new offerings.
Additionally, as part of its expanding partner network, PTC continued to
focus on working with the world's leading systems integrators and
professional services companies, which can be a valuable channel for
ThingWorx Technology Innovations
To maintain and expand the robust functionality of its core IoT technology, PTC announced several enhancements to the
AR-Enhanced IoT -
ThingWorx Studio(incorporating Vuforia® technology) is the first enterprise augmented reality authoring tool of its kind, allowing companies to design, publish, and scale integrated AR and IoT experiences. Since mid-2016, 1,000 companies have piloted new augmented reality projects as part of the ThingWorx Studio Pilot Program.
Comprehensive Platform - PTC integrated its acquired
Kepware® industrial connectivity technology and ColdLight®
machine learning technology into the
- Flexible Cloud Options - PTC expanded cloud support for customers to now include leading device clouds.
Product Insights -
ThingWorx Utilitiesoffers tools to help companies provision and manage their connected assets, to remotely access and interact with those connected assets, and to model and trigger business process flows that integrate with enterprise IT and business systems.
Data Insights - PTC incorporated
ThingWorxAnalytics Builder as an interactive user interface, enabling users to create and manage advanced analytics models in ThingWorx-powered solutions.
IoT at the Edge - PTC introduced
enhanced edge computing capabilities to
ThingWorx, enabling more robust data collection and management from the site of a connected asset.
Widespread Industry Recognition
Record Participation in Universities and Academic Settings
PTC has established a broad, IoT-focused academic program for students of all grades and levels, developed and implemented by the PTC Academic Program. Since the inception of the PTC IoT Academic Program, over 1,000 universities worldwide have registered. Many leading academic institutions, including 14 of the top 15 engineering colleges in the
Also in 2016, PTC significantly increased the level of developer
participation by delivering what is currently the highest rated IoT
"In 2016, PTC proved that it is more than just a force to be reckoned
with in the IoT space. PTC solidified itself as one of the leading IoT
companies, with an impressive combination of technology offerings
Harvard Business Review: "How Smart, Connected Products are Transforming Companies," authors PTC CEO Jim Heppelmannand Harvard Professor Michael Porter
About our Bookings Measure
Our bookings measure is the annualized contract value of new subscription bookings multiplied by a conversion factor of 2 plus perpetual license bookings for the period plus any monthly software rental bookings during the period.
About PTC (NASDAQ: PTC)
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