Compass Intelligence Award Recognizes PTC’s Vision, Innovation, and Successes
NEEDHAM, Mass. — (BUSINESS WIRE) — January 7, 2016 — PTC (NASDAQ: PTC) today received the prestigious IoT Innovation Vendor of the Year Award from marketing analytics and consulting firm Compass Intelligence at the 2016 International Consumer Electronics Show (CES) in Las Vegas, Nevada. The Compass Intelligence Annual Awards recognize the best mobile computing, wireless data communications, Internet of Things, and eco-friendly products and services offered in the market during the past year.
The IoT Innovation Vendor of the Year Award is part of the A-List in M2M/IoT awards category and is voted on by more than 60 industry-leading press and analysts based upon a range of criteria, including vision, strategy, leadership, and financial success.
In the past two years, PTC has become a leading provider of technology that enables its customers to harness the value inherent in the Internet of Things. As well, its CEO, Jim Heppelmann, has become a major thought leader, having coauthored two seminal HBR articles that describe the implications of the IoT and offer companies a blueprint to get started on their own IoT journeys.
“We’re honored to receive this award,” said Jim Heppelmann, president and CEO, PTC. “From thought leadership to technology to partnerships, PTC is focused on empowering its customers with tools and solutions that capitalize on the Internet of Things – and bridging the digital and physical worlds to fundamentally transform the way we create, operate, and service products and systems.”
“PTC has emerged as an IoT powerhouse,” stated Keith Robinson, Director of M2M & IoT Research & Consulting, Compass Intelligence. “Its big vision, robust tech stack, and market success make the company a clear winner. I project that PTC and its ThingWorx IoT business unit will continue its strong growth trajectory in 2016 with superior technology and leadership.”
About Compass Intelligence
Compass Intelligence, a market analytics and consulting firm, specializes in metrics-driven market intelligence and insights for the mobile, IoT, and high-tech industries. Compass Intelligence provides executive insights, market sizing/modeling, competitive analysis, strategic consulting, and expert recommendations on multiple markets. Visit us at http://www.compassintelligence.com.
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.
Statements in this press release about growth expectations for PTC and anticipated market success are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, including that customers may not purchase our solutions when or at the rates we expect and that our Internet of Things (IoT) business may not expand and/or generate the revenue we expect.
PTC, the PTC logo and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.
Beth Ambaruch, 952-435-5058