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The acquisition of Kepware is intended to complement the alliance with GE. PTC has established a dedicated business segment and has formed a strategic alliance with GE to pursue this brilliant factory opportunity. In its June 2015 research report, entitled The Internet of Things: Mapping the Value Beyond the Hype, the McKinsey Global Institute identified the factory as one of the largest sources of potential value to be realized from the adoption of the Internet of Things. The integration will allow organizations to gain tremendous enterprise-wide insight and to proactively optimize mission-critical processes – enabling them to improve operational performance, quality, and time to market. Once the companies’ products are integrated, machine data will be able to be aggregated into the PTC ThingWorx platform, integrated with a wide array of internal and external information, and then automatically analyzed using ThingWorx machine learning capabilities. Kepware’s KEPServerEX will become a strategic component of the PTC ThingWorx® IoT technology platform. The company’s flagship product, KEPServerEX, connects disparate devices and control systems, providing users with a single source of industrial data. The acquisition will enhance PTC’s portfolio of Internet of Things (IoT) technology, and accelerate the company’s entry into the factory setting and Industrial IoT (IIoT).įounded in 1995 and located in Portland, Maine, Kepware serves customers in more than 120 countries in such industries as manufacturing, oil and gas, building automation, and power and utilities.
KEPSERVEREX ARCHIVES SOFTWARE
Over the past 12 months, privately-held Kepware generated approximately $20 million in revenues.Ģ2 December 2015 – PTC (NASDAQ: PTC) today announced it has signed a definitive agreement to acquire Kepware, a software development company that provides communications connectivity to industrial automation environments, for approximately $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial results.
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PTC to pay $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial results.
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PTC Acquires Kepware to Boost Industrial IOT Offerings