PTC Forms Strategic Alliance with Vodafone Business, Enabling Customers to Develop New IoT and Augmented Reality Applications

Alliance Pairs PTC’s Rapid IoT and Augmented Reality Application Development, Expertise, and Ecosystem with Vodafone’s Global IoT Platform

BOSTON — (BUSINESS WIRE) — June 12, 2019PTC (NASDAQ: PTC) and Vodafone Business today announced from the LiveWorx® digital transformation event a strategic alliance that builds on an existing three-year relationship and will enable customers across multiple industry segments to rapidly develop and deploy revenue-generating IoT and AR applications.

Commencing in June 2019, this alliance will combine the strengths of both companies to enable customers to more simply create an end-to-end solution to solve business challenges. These challenges could include improving the customer experience, reducing the cost of operations, or building better products and services. By enabling smart decision-making capabilities, supporting rapid development, and tapping into existing expertise, the companies aim to significantly reduce extended development processes, enabling companies to scale at a much quicker pace.

“This strategic alliance demonstrates our commitment to one another and to the companies around the world that are choosing our solution for their digital transformation journeys,” said Jim Heppelmann, president and CEO, PTC.

“The opportunities for IoT and AR solutions in all industry sectors are enormous and we want businesses of all sizes across the globe to be able to leverage the power of IoT to drive better outcomes for themselves and their customers,” said Stefano Gastaut, IoT director, Vodafone Business.

PTC and Vodafone Business will showcase the capabilities of the alliance at PTC’s annual digital transformation event, LiveWorx, between June 10-13 in Boston.

Additional Resources

The announcement of any particular selection or implementation of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.

About Vodafone Group
Vodafone Group is one of the world’s leading telecoms and technology service providers. We have extensive experience in connectivity, convergence and the Internet of Things, as well as championing mobile financial services and digital transformation in emerging markets.

Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 41 more, and fixed broadband operations in 19 markets. As of 31 March 2019, Vodafone Group had approximately 650 million mobile customers, 19 million fixed broadband customers and 14 million TV customers, including all of the customers in Vodafone’s joint ventures and associates. For more information, please visit: www.vodafone.com.

About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.

PTC, LiveWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

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