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PTC acquires communications connectivity company

Posted: 15 Jan 2016 ?? ?Print Version ?Bookmark and Share

Keywords:PTC? Kepware? Internet of Things? IIoT? communications?

PTC has completed its acquisition of Kepware, a software development company that brings communications connectivity to industrial automation environments. The deal boosts PTC's portfolio of Internet of Things (IoT) technology, and accelerates the company's entry into the factory setting and Industrial IoT (IIoT).

Kepware's KEPServerEX communications platform will become a strategic component of the PTC ThingWorx IoT technology platform. Once the companies' products are integrated, machine data can be aggregated into the PTC ThingWorx platform, integrated with a wide array of internal and external information, and then automatically analysed using ThingWorx machine learning capabilities. The integration will allow organisations to gain enterprise-wide insight and to proactively optimise mission-critical processes, enabling them to improve operational performance, quality and time to market.

Over the past 12 months, privately-held Kepware generated nearly $20 million in revenue. PTC drew on its credit facility to finance this transaction. PTC expects Kepware to be neutral to its FY'16 non-GAAP EPS.

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