ThingWorx Welcomes Kalypso to Global Partner Network

June 10, 2014

BEACHWOOD, Ohio ThingWorx™, a PTC (Nasdaq: PTC) business and leading Internet of Things (IoT) platform provider, today announced Kalypso, a global management consulting firm with expertise in product development and product lifecycle management (PLM), is certified to consult and implement the ThingWorx® platform for manufacturers that have IoT initiatives.

Research firm Gartner estimates the installed base of the IoT will exceed 26 billion units worldwide by 2020, with the McKinsey Global Institute estimating the economic impact to be $6.2 trillion by 2025. In a fast moving world, companies that are developing IoT applications need a development platform with a suite of tools and features to help them rapidly create applications that connect people, systems and the physical world of things in order to continually create business value.

Kalypso has a strong PTC solution knowledgebase and understands the unique needs of manufacturers that want to connect their people, products and processes for stronger customer relationships. The combination of ThingWorx’s wide range of application and pre-integrated software components and Kalypso’s record of delivering business results for product development and PLM initiatives will help manufacturers rapidly design, build, and deploy IoT applications.

“Our partner program is an essential part of creating great customer value and driving the adoption of innovative, powered-by-ThingWorx solutions” said Dave Westrom, senior vice president, business development, ThingWorx. “With a rich heritage of enabling manufacturers to implement PTC solutions, we’re confident Kalypso’s services portfolio and client base coupled with our ThingWorx platform will offer a formidable combination for those looking to implement IoT initiatives.”

“We are seeing a lot of interest in the Internet of Things across a broad set of industries,” says Rod Walters, partner at Kalypso. “Our clients understand the disruptive power of the IoT and tell us it is hugely important to their business strategy. Together, Kalypso and ThingWorx can offer manufacturers a proven approach to building and deploying IoT applications that deliver business value.”

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. ThingWorx’s model-based design and search-based intelligence simplifies application development efforts by minimizing cost, and risk while accelerating time to value. The ThingWorx platform combines the key functionality of Web 2.0, search, and social collaboration, and applies it to the world of “things”, including connected products, machines, sensors, systems, and industrial equipment. Businesses use the ThingWorx platform to rapidly deliver innovative applications and connected solutions across markets ranging from manufacturing, energy, and food, to Machine-to-Machine (M2M) remote monitoring and service, as well as in emerging Internet of Things applications, including smart cities, smart grid, agriculture, and transportation.

About PTC

PTC (NASDAQ: PTC) enables manufacturers to achieve sustained product and service advantage. PTC's technology solutions help customers transform the way they create, operate and service products for a smart, connected, world. Founded in 1985, PTC employs approximately 6,000 professionals serving more than 28,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide.