Successful 2016 Calendar Year Punctuated by Bookings Growth, Platform Innovation, Academic Mindshare, and Analyst Validation
NEEDHAM, Mass. — (BUSINESS WIRE) — January 25, 2017 — PTC (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, including:
- 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 companies.
- 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 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 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 care.
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®
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 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 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.
