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Posted on : Thursday 2nd July 2020 03:09 PM

PTC’s Industrial IoT Platform ThingWorx Celebrates More Recognition as Industry Leader

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PTC (NASDAQ: PTC) today introduced that it has been known by both Compass Intelligence and Quadrant Knowledge Solutions as a 2019 leader in the global industrial internet of things (IIoT) marketplace for its ThingWorx® Industrial Innovation Platform.


The two awards come just months after PTC unveiled the latest version of ThingWorx. ThingWorx 8.4 introduces a long list of new capabilities, including Operator Advisor, which is developed to increase the productivity of factory staff by simplifying the way crucial operational data is collected, synthesized, and delivered.


"PTC keeps to progress its breakthrough IIoT solutions and equip industrial companies with industry-leading software to get business momentum and create value," said Jim Heppelmann, president and CEO, PTC. "These accolades underscore not only PTC's technological superiority, but also our commitment to the success of our partners and customers in the industrial sector."


Compass Intelligence Awards PTC with IIoT Company of the Year

This is the fourth year that PTC has collected the Compass Intelligence Award for Industrial IoT Company of the Year. These annual awards honor the top companies, products, and technology solutions in three primary award categories: Mobile & Wireless, IoT & M2M, and Emerging Technology. Winners are selected by more than 40 industry-leading editors, journalists, thought leaders, and analysts.


"With so many strong nominations, this year's winners represent the coolest and most disruptive in technology," said Stephanie Atkinson, CEO and founder, Compass Intelligence. "Year after year, PTC's vision, robust technology portfolio and strong market position make it the undisputed leader in the IIoT market."


PTC Named Leader for Customer Impact and Technology Excellence

For the second year in a row, PTC has been approved a market leader by Quadrant Knowledge Solutions, getting the highest rating in Quadrant's 2019 Strategic Performance Analysis and Ranking (SPARK) Matrix. In the 2019 SPARK Matrix, Quadrant studied the offerings of a wide range of software providers in the IIoT space, comparing each on its technology platform, product capabilities, customer impact, ease of use, visionary innovation, and future roadmap. Through comprehensive research and a rigorous methodology, the resulting report and corresponding matrix showcase PTC's clear leadership in the industry, driven by its robust portfolio of IIoT solutions.


"We congratulate PTC for the second year in a row as the unambiguous technology leader in the 2019 SPARK Matrix for IIoT Platforms," said Piyush Dewangan, Industry Research Manager, Quadrant Knowledge Solutions.

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