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 investment community from 31 offices on six continents. To join our 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.
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, Windchill and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.