PTC to Offer Enhanced Internet of Things Solutions to the Enterprise with VMware

NEEDHAM, Mass. and LAS VEGAS – August 31, 2016 –– PTC (NASDAQ: PTC) today announced from VMworld® 2016 that VMware has joined the ThingWorx Ready program and will position the ThingWorx® Internet of Things (IoT) platform along with its new innovative IoT solutions to create new offerings as part of its IoT strategy. PTC plans to work with VMware to combine VMware’s proven history in device management capabilities with ThingWorx components to enable IoT solution builders to accelerate time to market and create business value. PTC and VMware will demonstrate new combined technology offerings at VMworld 2016.

The ThingWorx Ready program allows participating companies to build or offer products or services compatible with ThingWorx to help accelerate IoT solution development. VMware will combine its new IoT edge software, Liota, and device management capabilities with the ThingWorx rapid application enablement platform and analytics components, enabling a stronger combined offering that is scalable for companies that are building connected device management IoT solutions. By leveraging an offering that combines solutions from PTC and VMware, IoT solution builders stand to accelerate product development and achieve a faster time to market.

“ThingWorx is designed to be a platform that other companies want to create new IoT solutions with, by either building on top of it or in concert with it,” said Rob Gremley, president, Technology Platform Group, PTC. “This collaboration with VMware is a perfect example of how a company with a proven history in a technology offering – in this case, device management – can bolster its capabilities in new ways by pairing them with ThingWorx.”

“VMware sees considerable potential in the IoT space, and it was important for us to align with partners that would both complement and enhance our proven enterprise device management offerings as we extend our technology to manage, monitor and secure IoT use cases from edge to cloud,” said Bask Iyer, chief information officer and general manager, IoT, VMware. “Rapid application enablement and analytics are important components of the new connected offerings that we will extend to our customers, and we are thrilled to collaborate with companies like PTC to deliver these capabilities at scale.”

PTC and VMware’s collaboration reinforces the importance of industry partners in the IoT era. PTC’s ThingWorx partner program brings together companies to collaboratively address the challenges and opportunities that the Internet of Things presents. ThingWorx serves as the platform infrastructure and the data collection tool that enables companies to efficiently build solutions and offerings at scale that correspond to their industries and areas of expertise. ThingWorx allows for the rapid development of applications that correspond to connected solutions, enabling customers to reduce time to market and accelerate the path to business value.

Additional Resources

The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the amount of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer or partner to achieve its business objectives. The announcement of a customer’s or partner’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries. VMware and VMworld are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions.

About PTC

PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.