PTC Announces ThingWorx Converge, New IoT Offering

Extends ThingWorx IoT Platform Out-of-the-Box Capabilities for Companies who Create, Operate and Service Manufactured Products

NEEDHAM, Mass. — (BUSINESS WIRE) — May 5, 2015PTC (Nasdaq: PTC) announced today the ThingWorx Converge™ IoT offering that leverages the ThingWorx® platform for connectivity, device management and rapid application development. ThingWorx Converge extends the ThingWorx platform with pre-built capabilities for companies who create, operate and service manufactured products as well as application developers and system integrators who deliver solutions for these companies.

Many enterprise business applications require access to the data from smart, connected things. PTC ThingWorx Converge will provide companies with an IoT hub to offer a more efficient and secure way to access, collect, organize and expose the data, events and services of those things. This ability to make the value of smart, connected products broadly available throughout the enterprise allows companies to more extensively realize the benefit of their investment in IoT initiatives.

“Companies need a consistent framework for application developers, system integrators and technology providers to develop modular and sustainable IoT applications for smart products,” said Howard Heppelmann, general manager, connected product management, PTC. “The ThingWorx Converge offering leverages a common data model and connects all the people who need access to the IoT hub for a more efficient process.”

ThingWorx Converge features:

  • Centralized Hub for Real Time Product Data: Gives organizations the opportunity to IoT-enable existing enterprise systems and business processes to deliver new value throughout the manufacturing value chain.
  • Best Practices-Based Data Model: Out-of-the-box data model for manufactured things, with standard integrations and ready to deploy management utilities developed from thousands of industry engagements and built on the ThingWorx platform.
  • Enhanced Out-of-the-Box Capabilities: Improve the customer experience by enhancing customer service, customer support and product usability with easy to use OOTB capabilities to remotely monitor, manage, access and control products and assets.

“Successfully transforming the Carestream business to realize the full potential of IoT requires integrating real-time product data with enterprise IT systems and business processes from concept to the customer,” said David Sherburne, director smart link and engineering, IT, Carestream Health Inc. “Applications like ThingWorx Converge should help companies pull the internal pieces together and enable innovation around data and drive more business value to customers.”

PTC ThingWorx Converge is expected to be available in June 2015. The timing of the release, and the features or functionality thereof, is subject to change at PTC’s discretion.

Additional Resources

About PTC

PTC (Nasdaq: PTC) is a global provider of technology platforms and enterprise applications for smart and connected products, operations, and systems. PTC’s enterprise applications serve manufacturers and other businesses that create, operate and service products. Led by its award winning ThingWorx application enablement platform, PTC’s platform technologies help companies deliver new value emerging from the Internet of Things. An early pioneer in Computer Aided Design (CAD) software, PTC today employs more than 6,000 professional serving more than 28,000 businesses worldwide.

About ThingWorx, a PTC Business

ThingWorx™, a PTC (Nasdaq: PTC) business, provides the first platform designed to efficiently build and run the applications of today's connected world. The ThingWorx platform, the centerpiece of PTC’s Internet of Things (IoT) technology portfolio, combines capabilities from the PTC Axeda® solution to deliver a complete IoT Platform, which includes connectivity, device cloud, business logic, big data, analytics and remote service applications. The combination delivers a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture value. Companies already leveraging this technology to capitalize on the potential of the IoT represent a wide range of markets, including manufacturing, energy, agriculture, transportation, and government. For more information, please visit our websites at www.thingworx.com , www.axeda.com , and www.PTC.com or follow us on Twitter at @ThingWorx, @Axeda, and @PTC.

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