Building and running applications for the Internet of Things (IoT): the real value of PTC (Nasdaq: PTC).

As a new trend, the Internet of Things (IoT) creates and generates lots of excitements in terms of possibilities, technologies and more. At Connectikpeople.co, we think that, this trend  will transform life, business, and the global economy. The real stake remains therefore how to capitalize on the market opportunity that the IoT presents.

At PTC, the acquisition of ThingWorx aims to accelerate PTC’s ability to support companies seeking product and service advantage in a smart, connected world.

Connectikpeople.co recalls that, ThingWorx, is the creator of the platform for building and running applications for the Internet of Things (IoT). Henceforth this acquisition positions PTC as one of the major players in the emerging Internet of Things era.

Meaning that:

·        The ThingWorx acquisition extends PTC’s strategy by accelerating its ability to support manufacturers seeking competitive advantage as they create and service smart, connected products,

·        PTC will use the ThingWorx platform to speed the creation of high value IoT applications that support manufacturers’ service strategies, such as predictive maintenance and system monitoring, in complement to PTC’s existing service lifecycle management (SLM) and extended product lifecycle management (PLM) solution portfolio.

In the same dynamic, PTC will henceforth offer its customers a means to establish a secure, reliable connection to their products.

The acquisition is expected to add more than $10 million of revenue over the next 12 months, with $5 million to $7 million of revenue in FY’14. As a result of cost synergies and investment plans for ThingWorx, PTC still expects FY’14 non-GAAP EPS of $2.00 to $2.10. PTC drew $110 million from its credit facility to finance the transaction.

A note of 8 out of ten rewards the ability of PTC (Nasdaq: PTC) to seize opportunities and to understand the stakes around the Internet of Things (IoT) trend.

About PTC
PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. www.ptc.com.