PTC completes acquisition of Kepware

PTC has completed its acquisition of Kepware, the acquisition enhances 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. 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.

“With Kepware, PTC will be able to accelerate its delivery of world-class solutions to industrial environments, and help manufacturers, infrastructure operators, and others realise the enormous potential of the IIoT,” said Jim Heppelmann, president and CEO, PTC.

Commenting on the merger, Hyoun Park, chief research officer at Blue Hill Research, said: “Heterogeneous industrial connectivity will be one of the big challenges for creating a truly connected and digital factory. By enabling customers to combine external data inputs with industrial controls through the integration of Kepware with PTC ThingWorx, PTC is extending its leadership in evolving the on-demand economy.”