In­dus­trial IoT US$ 100m ac­qui­si­tion for en­ter­prise in­sights

OffComm News - - THE QUARTERLY -

PTC has signed an agree­ment to ac­quire, Kep­ware which is a soft­ware de­vel­op­ment com­pany of­fer­ing com­mu­ni­ca­tions con­nec­tiv­ity to in­dus­trial au­to­ma­tion en­vi­ron­ments. The value of the deal is worth ap­prox­i­mately US$ 100mil­lion, po­ten­tially up to an ad­di­tional US$ 18mil­lion based on achieve­ment of cer­tain strate­gic ini­tia­tives and fi­nan­cial re­sults. 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. Kep­ware serves cus­tomers in in­dus­tries as man­u­fac­tur­ing, oil and gas, build­ing au­to­ma­tion, power and util­i­ties. The com­pany’s flag­ship prod­uct, KEPServerEX, con­nects dis­parate devices and con­trol sys­tems, pro­vid­ing users with a sin­gle source of in­dus­trial data. This will be­come a strate­gic com­po­nent of PTC’s ThingWorx ® IoT tech­nol­ogy plat­form. The in­te­gra­tion will al­low or­ga­ni­za­tions to gain en­ter­prise- wide in­sight and proac­tively op­ti­mize mis­sion- crit­i­cal pro­cesses, en­abling them to im­prove op­er­a­tional per­for­mance, qual­ity, and time to mar­ket. “The dig­i­tal world is open­ing up new op­por­tu­ni­ties for or­ga­ni­za­tions to ac­cess their man­u­fac­tur­ing op­er­a­tions and use the data to achieve new po­ten­tial and in­flu­ence busi­ness per­for­mance. The fac­tory of the fu­ture re­quires man­u­fac­tur­ers to shift their fo­cus and mind­set to­ward im­prov­ing net­work- wide man­u­fac­tur­ing ca­pa­bil­i­ties,” said Gart­ner an­a­lysts, Si­mon Jacobson and Rick Fran­zosa, in a state­ment.

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