PTC Again Named Market Leader by Independent Research Company
October 17 2017 - 9:00AM
Business Wire
ThingWorx Ranked Best-in-Class in PAC
INNOVATION RADAR Europe 2017
PTC (NASDAQ: PTC) has been named Best-in-Class for IoT Platforms
for Rapid Deployment by the CXP Group (BARC, le CXP, PAC). The PAC
INNOVATION RADAR “IoT Platforms in Europe 2017” is the first study
to evaluate IoT platforms in four different segments for specific
applications. [Companies are evaluated based on several criteria
that can be classified into two main categories, Competence and
Relative Market Strength.] The evaluation provides a neutral,
comprehensive, and detailed presentation of the perceived strengths
and weaknesses of 30 providers in direct comparison with
competitors. Across all four segments, only six companies were
ranked as Best-in-Class: PTC, Bosch Software Innovations, GE
Digital, IBM, Microsoft, and SAP.
PAC ranked PTC highest in Competence in the Best-in-Class
quadrant, citing its ThingWorx® platform as enabling the quick and
easy creation of IoT applications with focus on the rapid and
flexible visualization of data for non-IT users. ThingWorx provides
data and device management, application development capabilities,
analytics and code-less augmented reality authoring via ThingWorx
Studio. PAC also recognized PTC for its strategic IoT focus,
activities and thought leadership, IoT device management
capabilities, user experience, ecosystem and partnerships, USP,
client references and market perception and coverage.
“PTC is leading the IoT platform market for quick and easy
application development,” said Arnold Vogt, Principal Consultant /
Analyst IoT, PAC. “This is even recognized by other IoT platform
providers, because many of them cooperate with PTC to utilize this
capability.”
“We are very pleased with the number of awards PTC continues to
garner in recognition of our strengths and market leading
position,” said Jim Heppelmann, president and CEO, PTC. “PTC
continues to focus on developing tools and solutions that empower
our customers to capitalize on the Internet of Things. It is
rewarding to be a catalyst and trusted solution provider for
companies that are fundamentally transforming their
businesses.”
About PAC – A CXP GROUP COMPANYFounded in 1976, Pierre
Audoin Consultants (PAC) is part of CXP Group, the leading
independent European research and consulting firm for the software,
IT services and digital transformation industry. CXP Group offers
its customers comprehensive support services for the evaluation,
selection and optimization of their software solutions and for the
evaluation and selection of IT services providers, and accompanies
them in optimizing their sourcing and investment strategies. As
such, CXP Group supports ICT decision makers in their digital
transformation journey. Further, CXP Group assists software and IT
services providers in optimizing their strategies and go-to-market
approaches with quantitative and qualitative analyses as well as
consulting services. Public organizations and institutions equally
base the development of their IT policies on our reports.
Capitalizing on 40 years of experience, based in 8 countries (with
17 offices worldwide) and with 140 employees, CXP Group provides
its expertise every year to more than 1,500 ICT decision makers and
the operational divisions of large enterprises as well as
mid-market companies and their providers. CXP Group consists of
three branches: Le CXP, BARC (Business Application Research Center)
and Pierre Audoin Consultants (PAC). For more information, please
visit www.pac-online.com. PAC’s latest news:
www.pac-online.com/blog Follow us on Twitter: @CXPgroup
About PTC (NASDAQ: PTC)PTC is a global provider of
technology that transforms how companies design, manufacture,
operate, and service the “things” in the Internet of Things (IoT).
With more than $1 billion in revenue and 6,000 employees worldwide,
PTC is one of the largest software companies based in
Massachusetts. In 1986 PTC revolutionized digital 3D design, and in
1998 were first to market with Internet-based product lifecycle
management. Today, PTC enables global manufacturers and an
ecosystem of partners and developers to drive innovation related to
such promising technologies as the IoT and Augmented Reality.
PTC.com @PTC Blogs
PTC, ThingWorx, and the PTC logo are trademarks or registered
trademarks of PTC Inc. or its subsidiaries in the United States and
other countries.
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PTCJack McAvoy, 781-370-6143Corporate
Communicationsjmcavoy@ptc.comorFleishmanHillardSara Steindorf,
314-982-1725sara.steindorf@fleishman.com
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