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PTC to Offer Enhanced Internet of Things Solutions to the Enterprise with VMware

Complementary Solutions Combine to Accelerate Time to IoT Business Value

NEEDHAM, Mass. and LAS VEGAS – August 31, 2016 –– PTC (NASDAQ: PTC) today announced from VMworld® 2016 that VMware has joined the ThingWorx Ready program and will position the ThingWorx® Internet of Things (IoT) platform along with its new innovative IoT solutions to create new offerings as part of its IoT strategy. PTC plans to work with VMware to combine VMware’s proven history in device management capabilities with ThingWorx components to enable IoT solution builders to accelerate time to market and create business value. PTC and VMware will demonstrate new combined technology offerings at VMworld 2016.

The ThingWorx Ready program allows participating companies to build or offer products or services compatible with ThingWorx to help accelerate IoT solution development. VMware will combine its new IoT edge software, Liota, and device management capabilities with the ThingWorx rapid application enablement platform and analytics components, enabling a stronger combined offering that is scalable for companies that are building connected device management IoT solutions. By leveraging an offering that combines solutions from PTC and VMware, IoT solution builders stand to accelerate product development and achieve a faster time to market.

“ThingWorx is designed to be a platform that other companies want to create new IoT solutions with, by either building on top of it or in concert with it,” said Rob Gremley, president, Technology Platform Group, PTC. “This collaboration with VMware is a perfect example of how a company with a proven history in a technology offering – in this case, device management – can bolster its capabilities in new ways by pairing them with ThingWorx.”

“VMware sees considerable potential in the IoT space, and it was important for us to align with partners that would both complement and enhance our proven enterprise device management offerings as we extend our technology to manage, monitor and secure IoT use cases from edge to cloud,” said Bask Iyer, chief information officer and general manager, IoT, VMware. “Rapid application enablement and analytics are important components of the new connected offerings that we will extend to our customers, and we are thrilled to collaborate with companies like PTC to deliver these capabilities at scale.”

PTC and VMware’s collaboration reinforces the importance of industry partners in the IoT era. PTC’s ThingWorx partner program brings together companies to collaboratively address the challenges and opportunities that the Internet of Things presents. ThingWorx serves as the platform infrastructure and the data collection tool that enables companies to efficiently build solutions and offerings at scale that correspond to their industries and areas of expertise. ThingWorx allows for the rapid development of applications that correspond to connected solutions, enabling customers to reduce time to market and accelerate the path to business value.

– See more at: http://www.ptc.com/news/2016/ptc-to-offer-enhanced-iot-solutions-with-vmware#sthash.vzCQPEXU.dpuf

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