PTC
(Nasdaq: PTC) today completed its acquisition of Axeda
Corporation, a developer of solutions that securely connect machines
and sensors to the cloud. Axeda's technology innovation, extensive
customer base, and powerful partnerships directly complement the PTC
ThingWorx business, and will accelerate PTC's ability to deliver
best-in-class solutions to its customers in the Internet of Things era.
An innovator in the IoT technology market, Axeda serves more than 150
customers, processing hundreds of millions of machine messages daily
across multiple industry sectors. The company has a broad
partner ecosystem that includes leading mobile network operators,
device makers, systems integrators, and business systems/analytics
providers – and its technology leadership has led to several strategic
OEM agreements with leading IoT technology and solution providers.
Axeda offers leading-edge IoT technology built on a modern architecture
purpose-built for collecting and organizing the world’s machine and
sensor data. Axeda software enables companies to establish secure
connectivity, and remotely monitor, manage, and service a wide range of
connected machines, sensors, and devices. Examples of capabilities
include:
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The Axeda
Machine Cloud Service consists of machine-to-machine (M2M) and IoT
connectivity services, software agents, and toolkits that allow
companies to securely connect their products to the cloud using
virtually any communication channel (cellular networks, the Internet,
WiFi, or satellite).
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The Axeda
Connected Content Application enables efficient, secure, reliable,
and cost-effective mass distribution of content to connected products
and automates the remote installation of software updates and security
patches.
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The Axeda
Connected Service Application, a complement to PTC’s portfolio of
SLM solutions, provides field service and technical support personnel
with a Web-based graphical interface and a comprehensive set of tools
to remotely identify, diagnose, and repair problems with devices
connected to the Axeda Platform.
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Axeda's end-to-end security strategy covers all levels of the IoT
technology stack, including network, application, user, and data
security. Axeda has attained ISO 27001:2005 certification, supporting
the company's focus on delivering the highest levels of security,
performance, and availability.
“This acquisition signals PTC’s commitment to becoming one of the
premier technology players in the IoT market, i.e., a smart, connected
world,” said Predrag (PJ) Jakovljevic, principal analyst, Technology
Evaluation Centers (TEC). “PTC intends to leverage the Axeda technology
portfolio to complement its existing ThingWorx® rapid application
development platform and its existing service lifecycle management (SLM)
and product lifecycle management (PLM) solution portfolios. Axeda’s
strengths of IoT connectivity and device management combined with the
ThingWorx IoT rapid application development tools enriches PTC’s IoT
technology stack.”
"With Axeda, PTC gains leading technology, customers, partners, revenue,
and employees with deep IoT expertise," said PTC president and CEO Jim
Heppelmann. "This acquisition complements our ThingWorx business,
supplements our SLM offering, enhances our portfolio of PLM and other
applications, and positions us to better serve our customers in the
dynamic new world of smart, connected products. We now have established
one of the industry’s largest Centers of Excellence focused on the
Internet of Things.”
Additional Resources
About PTC
PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and
service advantage. PTC's technology solutions help customers transform
the way they create, operate, and service products for a smart,
connected world. Founded in 1985, PTC employs approximately 6,000
professionals serving more than 28,000 businesses in rapidly-evolving,
globally-distributed manufacturing industries worldwide. Get more
information at www.PTC.com.
Forward Looking Statements and Risks
Statements in this press release about the opportunities created for us
and our customers by the acquisition and the Internet of Things are
forward-looking statements that involve risks and uncertainties that
could cause actual results to differ materially. Such risks and
uncertainties include the following: customers may not adopt our IoT
solutions when or at the rates we expect, any technology leadership
position we attain may not generate the revenue we expect, the
opportunities expected to be created by the Internet of Things may not
materialize as quickly or as we or others expect, and we may be unable
to retain and maintain relationships with key employees and strategic
partners of Axeda, as well as other risks and uncertainties described in
reports we file with the Securities and Exchange Commission, including
our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
PTC, the PTC logo, ThingWorx and Axeda are trademarks or registered
trademarks of PTC Inc. or its subsidiaries in the United States and in
other countries.
Copyright Business Wire 2014