Integrating IoT Application Development with Deep Domain and Engineering Expertise Offers Customers Significant Growth Opportunity
NEEDHAM, Mass. — (BUSINESS WIRE) — May 12, 2016 — PTC (NASDAQ: PTC) today announced that EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of product development and software engineering solutions, will combine its extensive engineering and integration capabilities with PTC’s industry-leading ThingWorx® Internet of Things (IoT) platform to build and offer IoT solutions across key verticals, including financial services, life sciences and healthcare, and retail and distribution.
The rapid increase of IoT devices and the rise of data generated by these devices have led many businesses to look for solution providers that can provide cost-effective and easily adaptable IoT applications to fit their specific needs. ThingWorx and EPAM are partnering to develop vertical-focused IoT solutions for end customers in the areas of product development, data, and analytics. ThingWorx’s open IoT platform and rapid application development capabilities will be used by EPAM to complement its full end-to-end IoT service capabilities, from industrial design and low-level programming of connected devices to infrastructure, middleware, and integration capabilities.
“Innovative service and engineering companies like EPAM understand that every business could be an IoT business and, as such, are using ThingWorx technology to create new growth opportunities that pave the way for the next generation of industrial products,” said Rob Gremley, president, Technology Platform Group, PTC.
“As a part of our evolving IoT service practice, EPAM is investing in a blueprinted approach to enabling machine-to-machine transactions through a robust architecture and real-time data processing,” said Eli Feldman, CTO, Advanced Technology, EPAM. “Partnering with PTC and leveraging ThingWorx allows us to better enable our clients to improve their time to value on IoT investments.”
- EPAM Internet of Things Solutions
- ThingWorx Internet of Things Platform
- PTC Internet of Things Technology
- LiveWorx® 2016 – June 6-9, Boston. The event for those that design, manufacture, and service today’s products as well as those that develop the applications and experiences that will unleash the future potential of those things.
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.
The announcement of a customer’s selection or implementation of PTC software is not necessarily indicative of the timing or amount of revenue therefrom or of PTC’s overall revenue for any particular period.
PTC, the PTC logo, and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.
EPAM Systems, Inc. (NYSE: EPAM), a leading global product development and platform engineering services company, is focused on delivering results through best-in-class software engineering, combined with innovative strategy, consulting and design capabilities. With 23 years of experience in the information technology industry, EPAM’s 18,000 people serve our customers in over 25 countries across North America, Europe, Asia and Australia. EPAM was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies and was ranked as a top information technology services company on FORTUNE’S 100 Fastest Growing Technology Companies.