NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today announced that it has been named “Technology Leader in the Global IoT PLM Market” by independent research and consulting firm Frost & Sullivan. The 2015 Technology Leadership Award recognizes companies that lead the development and successful introduction of high-tech solutions that have altered the industry or business landscape, and that have helped to shape the future of technology and its uses.
The Frost & Sullivan award is based upon independent analysis of two key factors — “Technology Leverage,” which includes innovation, creativity, technology incubation, commercialization success, and application diversity and “Business Impact,“ which includes financial performance, customer acquisition, operational efficiency, and growth potential.
The PTC Windchill® 11 PLM software exemplifies PTC’s commitment to PLM technology innovation. Enabled by the PTC ThingWorx® IoT technology, Windchill 11 integrates data from physical products, web-based resources, and enterprise software systems to enable increased access, insight, and value in a modern and easily consumable user experience.
“We’re honored to receive this award,” said Jim Heppelmann, president and CEO, PTC. “Windchill 11, a breakthrough smart, connected PLM solution, is a powerful example of how we are leveraging IoT capabilities in our core solutions to help our customers thrive in the Internet of Things era.”
“With IoT platform integration and ‘Closed-Loop Lifecycle Management,’ PTC has built innovative technologies to support the PLM needs of its customers,” said David R. Brousell, Global Vice President and General Manager, Frost & Sullivan’s Manufacturing Leadership Council. “Windchill’s robust range of Connected Services, Connected Operations, and Connected Manufacturing has visibly enhanced the capabilities of its PLM technology and improved the value proposition by enabling its clients to create smart, connected products and leverage IoT data to improve the product development processes.”
About Frost & Sullivan
Frost & Sullivan, the Growth
Partnership Company, enables clients to accelerate growth and achieve
best in class positions in growth, innovation and leadership. The
company's Growth Partnership Service provides the CEO and the CEO's
Growth Team with disciplined research and best practice models to drive
the generation, evaluation and implementation of powerful growth
strategies. Frost & Sullivan leverages almost 50 years of experience in
partnering with Global 1000 companies, emerging businesses and the
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Growth Partnership, please visit http://www.frost.com.
About the Manufacturing Leadership Council
The Manufacturing
Leadership Council, Frost & Sullivan, is the world’s first
member-driven, global business leadership network dedicated to senior
executives in the manufacturing industry. The Manufacturing Leadership
Council’s mission is to help senior executives define and shape a better
future for themselves, their organizations, and the industry at large.
The Council produces an extensive portfolio of leadership networking,
information, and professional development products, programs, and
services, including the Manufacturing Leadership Community website, an
online global business network with over 6,700 members worldwide; the
Manufacturing Leadership Council, an invitation-only executive
organization of over 260 members; the annual Manufacturing Leadership
Summit; the Manufacturing Leadership Awards, celebrating industry
achievement; and the thought-leading Manufacturing Leadership Journal.
For more information, visit www.MLCouncil.com.
About PTC
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.
Forward-Looking Statements
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, Windchill and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.