PTC Again Named Market Leader by Independent Research Company

10/17/17

NEEDHAM, Mass.--(BUSINESS WIRE)--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 COMPANY
Founded 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.

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