ThingWorx Platform Heralded for Superior Technology, Comprehensive Capabilities, and High Customer Impact

NEEDHAM, Mass. — (BUSINESS WIRE) — August 24, 2017 — PTC (NASDAQ: PTC) today announced that its ThingWorx^® Industrial Internet of Things (IoT) platform has recently been recognized as the 2017 technology leader in the global IoT platform market by Quadrant Knowledge Solutions and the 2017 Best IoT Platform by the Software & Information Industry Association (SIIA).

ThingWorx provides broad and robust sets of integrated IoT-specific development tools for developing innovative IoT solutions for a variety of industry applications. ThingWorx includes rapid application development functionality, connectivity, advanced analytics, machine learning, and augmented reality, and integrates with leading device clouds. These capabilities enable businesses to securely connect assets and create innovative applications and services, supporting digital transformation initiatives across industries.

“PTC is enabling a range of industrial companies to build-out strategic IoT business models,” said Jim Heppelmann, president and CEO, PTC. “These awards are yet another validation of our efforts, and we remain committed to enabling our customers to achieve new business value through their ThingWorx deployments.”

The recognition from Quadrant Knowledge Solutions and SIIA continues a long string of industry accolades from press and industry analysts, including Compass Intelligence, Experton Group, Forrester Research, IDC, IoT Analytics, and Lux Research.

ThingWorx Named 2017 Technology Leader by Quadrant Knowledge Solutions
The ThingWorx Platform from PTC was named the 2017 technology leader in the global IoT platform market by Quadrant Knowledge Solutions, a global advisory and consulting firm focused on helping clients achieve business transformation goals with strategic business and growth advisory services.

The firm’s recent study, “Internet of Things (IoT) Platform Global Market Outlook,” analyzes market dynamics, trends, opportunities, and the vendor ecosystem, and helps companies formulate growth strategies in the global IoT market.

Quadrant analyzed vendors in terms of sophistication of technology platform, product capabilities, customer impact, ease of use, visionary innovation, and future roadmap. Based on its findings, Quadrant Knowledge Solutions identified ThingWorx as the 2017 technology leader in the global IoT platform market. The report indicates that PTC’s leadership recognition is driven by its superior technology platform, comprehensive capabilities, and high customer impact.

“We are excited to recognize companies such as PTC that are playing such a substantial role in advancing the IoT industry,” said Vishal Sharma, senior analyst, Quadrant Knowledge Solutions. “The study featured nominations from the top IoT vendors in the industry, and we acknowledge and congratulate PTC for earning this significant recognition.”

PTC Recognized by SIIA for Best IoT Platform in Annual CODiE Awards
ThingWorx has also been named the best IoT Platform of 2017 in the 32^nd annual CODiE Awards by the Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries. CODiE Award recipients represent the companies producing the most innovative business technology products across the country, and around the world.

“SIIA’s 2017 Business Technology CODiE Awards recognize the companies that are at the forefront of business innovation. These companies are shaping the future of how we conduct business, and it is truly an honor to recognize PTC for their innovation in IoT through the CODiE Awards,” said Rhianna Collier, vice president and managing director, SIIA Software & Services Division.

The SIIA CODiE Awards are the industry's only peer-reviewed awards program. The first-round review of all nominees is conducted by business technology expert judges, including, industry executives and analysts, representatives from the media, bloggers, and investors. The scores from the expert judge review determine the finalists. SIIA members then vote on the finalist products, and the scores from both rounds are tabulated to select the winners. This year, 60 awards were given for products and services developed specifically for B2B software, information, and media companies.

More information about ThingWorx and the other winning products can be found at http://www.siia.net/codie/2017-Winners.

Additional Resources

• ThingWorx IoT Platform
• Quadrant Knowledge Solutions: PTC ThingWorx Knowledge Brief
• Harvard Business Review: "How Smart, Connected Products are Transforming Companies," authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter

About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.