Industrial IoT US$ 100m acquisition for enterprise insights
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.