PTC completes Axeda acquisition, combines with ThingWorx business to bolster IoT offerings

Axeda to complement PTC ThingWorx business to accelerate development and deployment of smart, connected solutions.

LAS VEGAS, NV – Conference – PTC has completed the acquisition of software and services provider Axeda Corporation, creating a partnership with that will accelerate the deployment of end-to-end Internet of Things () applications. Axeda technology adds secure cloud connectivity to sensors and machines, and aggregates data from these systems to allow companies to remotely monitor and manage a range of devices. IoT and M2M developers will be able to flexibly model and update applications using ThingWorx’ flexible, event-driven framework, then seamlessly and securely deploy those applications to the cloud.

"PTC intends to leverage the Axeda technology portfolio to complement its existing ThingWorx® rapid application development platform and its existing service lifecycle management (SLM) and product lifecycle management (PLM) solution portfolios,” says Predrag (PJ) Jakovljevic, principal analyst, Technology Evaluation Centers (TEC). “Axeda's strengths of IoT connectivity and device management combined with the ThingWorx IoT rapid application enriches PTC's IoT technology stack."

In addition to gaining access to Axeda’s broad partner ecosystem of device makers, system integrators, network operators, and providers, PTC inherits several technologies that will augment the company’s existing offerings. This includes the Axeda Machine Cloud Service that provides connectivity, software agents, and toolkits for secure cloud connectivity using almost any communication channel; the Axeda Connected Content Application that automates remote software updates and patching and provides cost-effective distribution of content to large quantities of connected devices; and the Axeda Connected Service Application that provides a tools for remote diagnostics and repair via a Web-based GUI. The company is ISO 27001:2005 certified.
"This acquisition complements our ThingWorx business, supplements our SLM offering, enhances our portfolio of PLM and other applications, and positions us to better serve our customers in the dynamic new world of smart, connected products,” says Jim Heppelmann, president and CEO, PTC. “We now have established one of the industry's largest Centers of Excellence focused on the IoT."

In particular, the Axeda acquisition alleviates concerns about the lack of Software-as-a-Service (SaaS) capabilities in the model-based ThingWorx environment.

“Architecturally, we licensed the [ThingWorx] platform, which is a different user and deployment paradigm,” says John Canosa, chief strategist, connected products, ThingWorx. “The Axeda acquisition is very complementary, starting with the fact that they have a SaaS platform,” “Combining Axeda and ThingWorx, if you think about the presence in industry and the capabilities, puts us an order of magnitude above the competition.”

For more information on PTC's IoT offerings, visit their resource page at