Successful 2016 Calendar Year Punctuated by Bookings Growth, Platform
Innovation, Academic Mindshare, and Analyst Validation
NEEDHAM, Mass.--(BUSINESS WIRE)--
(NASDAQ: PTC) concluded the 2016 calendar year as its most successful
year yet in the Internet of Things (IoT) space. PTC expanded its
year-over-year IoT bookings, 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. 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.
"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,"
said Jim Heppelmann, president and CEO, PTC. "2016 was a banner year for
PTC, as we further proved that our vision and offerings resonate with
buyers around the world. 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
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 $100 million.
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 ThingWorx®
platform by customers and partners of all sizes and specialties,
GE Digital - PTC and GE Digital furthered
their strategic relationship, with the aim to better optimize the
combination of the ThingWorx and Predix platforms with a "ThingWorx
for Predix" solution for the industrial space, as demonstrated at GE's
Minds + Machines 2016.
Vodafone - Vodafone Group selected
the ThingWorx platform in order to build additional Vodafone IoT
applications that it can extend to its global footprint of operating
Hewlett Packard Enterprise (HPE) - PTC and HPE are
collaborating to develop new IoT solutions for industrial use
cases. PTC's ThingWorx software 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
the ThingWorx platform with its own IoT solutions to create new
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
extending PTC's ThingWorx platform to a wider network of customers.
Approximately 100 systems integrators are now part of the PTC Partner
Network, including Cognizant, Deloitte, Kalypso, INFOSYS, ITC Infotech,
and Tech Mahindra. In 2016, systems integrators developed new IoT
solutions based on ThingWorx, including solutions for smart
manufacturing, fleet management, smart energy management, and connected
ThingWorx Technology Innovations
To maintain and expand the
robust functionality of its core IoT technology, PTC announced several
enhancements to the ThingWorx platform during 2016. Highlights include:
AR-Enhanced IoT - ThingWorx Studio (incorporating Vuforia®
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
Comprehensive Platform - PTC integrated its acquired
Kepware® industrial connectivity technology and ColdLight®
machine learning technology into the ThingWorx platform.
Flexible Cloud Options - PTC expanded
cloud support for customers to now include leading device clouds.
Product Insights - ThingWorx Utilities offers
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 ThingWorx
Analytics Builder as an interactive user interface, enabling users
to create and manage advanced analytics models in ThingWorx-powered
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
Widespread Industry Recognition
The ThingWorx technology
enhancements throughout 2016 further elevated the positions of PTC and
ThingWorx in the market, leading to third-party acknowledgement and
validation. In its Forrester
Wave report on IoT platforms, Forrester Research identified PTC as
having the most complete IoT platform offering on the market. Research
firms IoT Analytics and Experton Group identified
PTC as the IoT platform provider market leader. To top it off, PTC
was named Internet of Things Enablement Company of the Year by
Compass Intelligence and Industrial
IoT Company of the Year by the IoT Breakthrough organization.
Record Participation in Universities and Academic Settings
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 USA, have adopted the ThingWorx platform in the classroom. In
2016, over 500 new universities joined the PTC IoT Academic Program.
Also in 2016, PTC significantly increased the level of developer
participation by delivering what is currently the highest rated IoT
course on Udemy, the global online teaching and learning marketplace.
of IoT Development with ThingWorx" course saw its student enrollment
number eclipse 4,200 in just five months, while maintaining a 4.5/5
rating from those who have participated. Excerpts from student reviews
of the course include: "This is one of the best online courses that I
have ever seen," and "This course is just what I needed to truly
understand what IoT is about."
"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
through ThingWorx, considerable growth potential, and an expanding
ecosystem of reputable customers and partners," said Dan Shey, managing
director and vice president, ABI Research.
About our Bookings Measure
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
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of
Things technology in the world. In 1986 we revolutionized digital 3D
design, and in 1998 were first to market with Internet-based PLM. Now
our leading IoT and AR platform and field-proven solutions bring
together the physical and digital worlds to reinvent the way you create,
operate, and service products. With PTC, global manufacturers and an
ecosystem of partners and developers can capitalize on the promise of
the IoT today and drive the future of innovation.
PTC, ThingWorx, Kepware, ColdLight, Vuforia, and the PTC logo are
trademarks or registered trademarks of PTC Inc. or its subsidiaries in
the United States and other countries.
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Jack McAvoy, 781-370-6143
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