PTC Completes Acquisition of Kepware

Extends PTC’s Internet of Things Offering with Access to Industrial Automation Data

NEEDHAM, Mass. — (BUSINESS WIRE) — January 12, 2016PTC (NASDAQ: PTC) today announced it has completed its acquisition of Kepware, a software development company that provides communications connectivity to industrial automation environments. The acquisition enhances PTC’s portfolio of Internet of Things (IoT) technology, and accelerates the company’s entry into the factory setting and Industrial IoT (IIoT).

Kepware’s KEPServerEX® communications platform will become a strategic component of the PTC ThingWorx® IoT technology platform. Once the companies’ products are integrated, machine data can be aggregated into the PTC ThingWorx platform, integrated with a wide array of internal and external information, and then automatically analyzed using ThingWorx machine learning capabilities. The integration will allow organizations to gain enterprise-wide insight and to proactively optimize mission-critical processes – enabling them to improve operational performance, quality, and time to market.

“With Kepware, PTC will be able to accelerate its delivery of world-class solutions to industrial environments, and help manufacturers, infrastructure operators, and others realize the enormous potential of the Industrial Internet of Things,” said Jim Heppelmann, president and CEO, PTC. “We welcome and look forward to working closely with our Kepware employees, customers, and partners.”

“Heterogeneous industrial connectivity will be one of the big challenges for creating a truly connected and digital factory. By enabling customers to combine external data inputs with industrial controls through the integration of Kepware with PTC ThingWorx, PTC is extending its leadership in evolving the on-demand economy,” said Hyoun Park, Chief Research Officer, Blue Hill Research.

Over the past 12 months, privately-held Kepware generated approximately $20 million in revenue. PTC drew on its credit facility to finance this transaction. PTC expects Kepware to be neutral to its FY’16 non-GAAP EPS, and will provide additional financial guidance related to the acquisition on its fiscal Q1’16 earnings call, scheduled for Wednesday, January 20, at 5:00 pm Eastern Time.

Additional Resources
More information about the acquisition
More information about Kepware

About PTC
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.

Forward Looking Statements and Risks
Statements in this press release about the integration of the companies’ products and the expected effect of the acquisition of the Kepware business on PTC’s business and financial results are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expected. Such risks and uncertainties include the following: the companies’ products may not be integrated as or when we expect, the addition of the Kepware business may not provide the expected competitive advantage or benefit, we may be unable to operate the business to achieve the expected financial results, we may be unable to retain and maintain relationships with key employees and strategic partners of the Kepware business, and the opportunities expected to be created by the Internet of Things may not materialize as quickly or as we or others expect, 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, Kepware and KEPServerEX are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.



Contact:

Media Contact
PTC Corporate Communications
Jack McAvoy, 781-370-6143
Email Contact
or
Investor Contact:
PTC Investor Relations
Tim Fox, 781-370-5961
Email Contact




Review Article Be the first to review this article
Featured Video
Editorial
Latest Blog Posts
Joseph LopezPROSTEP INC Blog
by Joseph Lopez
OpenPDM MIGRATE supports Windchill Bulk Migrator
Roberto FrazzoliMCADCafe Editorial
by Roberto Frazzoli
A closer look at CCE’s EnSuite – Cloud ReVue LiveLink
Jobs
Mechanical Engineer II for Aehr Test Systems at Fremont, California
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Mechanical Engineer in HVAC – Mid-Level for Gordon Prill, Inc at Sunnyvale, California
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Electrical Engineer for Dinter Engineering at Reno, Nevada
Upcoming Events
The Design. Engineer. Build. Conference at Anaheim Convention Center Anaheim CA - Aug 10 - 12, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
FABTECH 2021 at McCormick Place Chicago IL - Sep 13 - 16, 2021
Western Manufacturing Technology Show WMTS 2021 at Edmonton Expo Center, Edmonton Canada - Sep 14 - 16, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise