Acquisition Works: The Acquisition of ThingWorx Establishes a Pattern of Connectivity in PTC's Global Growth Strategy

On January 30, 2013, when PTC announced that it had acquired ThingWorx, the Exton, Pennsylvania-based creators of an award-winning platform for building and running applications for the Internet of Things (IoT), it should not have been a surprise. However, for those of us who have been covering the global services community for the past several years, what was most surprising was the timing of the acquisition – that is, it was at least a year or so sooner than what we might otherwise have expected!

Read Strategies for Growth report on the acquisition of ThingWorx for more information.