2018 is coming to a close and it is that time of year when we reflect—on what the past year has brought us and what it has taught us. At PTC we have continued our journey to become an industrial IoT leader.
As our CEO, Jim Heppelmann announced, “Fiscal 2018 was another year of great progress in our transformation to become a high-growth subscription software company and industrial IoT leader. During the year, we delivered good results in our core CAD and PLM businesses, ThingWorx continued to gain significant traction with both new and expanding customers, and interest in our augmented reality (AR) solutions accelerated. We also made important strides in extending our market reach and further differentiating our technology with new strategic partnerships entered into during the year.”
The interest in our technology and product offering was clearly shown at our European conference PTC Forum Europe that took place in Germany in the end of November. Among the 23 breakout sessions the live and virtual audience could learn how Danish company Carlsberg is using PTC technology for tracking performance in their packaging lines. I recommend that you visit our Virtual Platform to access keynote and session recordings from the event.
2018 was for PTC in Nordics a record year with a tremendous 55% growth. The main reason for this significant growth is, on one hand, a long-term customer base that have embraced our vision and are investing in digitizing their operations. On the other hand, we are also experiencing a growing demand in other industry verticals. During 2018 we learned that an increasing number of companies in the Nordic region are ready for Industry 4.0. Our Nordic market is growing strongly, and we are experiencing that not only traditional industrial manufacturing companies have embraced the need for digitization. The process industry has in general been an early adopter of Industrial Automation and these companies are now accelerating their digitization journey towards Industry 4.0. In addition to getting new customers in the process industry, we can also see that telecom companies choose to cooperate with us to develop their offerings with Internet of Things services. The Finnish Telecom company Elisa and our partnership with Ericsson are two good examples of the interest from the telecom industry in Nordics. Another example of an industrial service company that uses PTC solutions in a new way is the Swedish company and leader in industrial maintenance Quant . In Denmark the global leader in innovative electric actuator systems, LINAK, expanded their Windchill implementation from PDM to PLM during 2018.
Strategic Partnerships are another key success factor for our business here in Nordics. During the year PTC has entered into three major strategic partnerships with: Rockwell Automation, Microsoft, and Ansys . This ecosystem of leading and well-known strategic partners and our combined offering is exactly the combination our customers require to unlock the value in their digital transformation journeys.”
Finally, I would like to give you a sneak peek into one of the most important Digital Transformation events in 2019. LiveWorx 19 takes place in Boston, USA June 10-13, 2019. The registration is already open and if you register now you will save $700-800 depending on the pass you select
All in all, it has been a very good year for PTC and we look forward to more successful projects with you all in the new year. I would like to wish you and your families a wonderful festive break and a very healthy, happy 2019.
Filip Stal, Director of Nordic sales at PTC