NEEDHAM, MA – August 12, 2014 – PTC (Nasdaq: PTC) today completed its acquisition of Axeda Corporation, a developer of solutions that securely connect machines and sensors to the cloud. Axeda's technology innovation, extensive customer base, and powerful partnerships directly complement the PTC ThingWorx business, and will accelerate PTC's ability to deliver best-in-class solutions to its customers in the Internet of Things era.
An innovator in the IoT technology market, Axeda serves more than 150 customers, processing hundreds of millions of machine messages daily across multiple industry sectors. The company has a broad partner ecosystem that includes leading mobile network operators, device makers, systems integrators, and business systems/analytics providers – and its technology leadership has led to several strategic OEM agreements with leading IoT technology and solution providers.
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