NEEDHAM, Mass. – September 16, 2014 – Continuing with its Internet of Things strategy to enable customers to bring smart, connected products to market faster, PTC (Nasdaq:PTC) today announced that its Axeda Machine Cloud® technology was named 2014 Innovative Technology of the year for the Internet of Things by the Mass Technology Leadership Council (MassTLC) during the 2014 Technology Leadership Awards.
PTC acquired Axeda in August 2014 for its leading-edge Internet of Things (IoT) technology. The PTC Axeda Machine Cloud enables customers to cost-effectively and securely connect products to the cloud and then leverage the remote connectivity and data to provide world-class service, gain new business insights and deliver new innovative applications.
"The MassTLC awards showcase the incredible innovation that takes place every day in Massachusetts that can then be adopted around the globe," said Bill Zujewski, executive vice president, Axeda strategy, PTC. "The world is moving to smart connected products, and now as part of PTC and combining forces with ThingWorx, we can accelerate that trend and help even more companies innovate, differentiate and leverage the power of the Internet of Things."
MassTLC's 17th Annual Leadership Awards program celebrates and showcases the region's best leaders, companies, and technologies. With over 300 nominations each year, it continues to prove that Massachusetts is a dominant force throughout the globe.
"The 17th annual MassTLC Leadership Awards shines a spotlight on the vibrancy of the state's position as both pioneer and leader in technologies that are fueling Massachusetts' economy and changing the world," said Tom Hopcroft, president and CEO of MassTLC. "PTC should be proud of being recognized as among the elite innovators from the Bay State's deep talent pool."
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