PTC Completes Acquisition of Kepware
By Business Wire News
By Business Wire News
PTC (NASDAQ: PTC) today announced it has completed its acquisition of Kepware, a software development company that provides communications connectivity to industrial automation environments. 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. Once the companies’ products are integrated, machine data can be aggregated into the PTC ThingWorx platform, integrated with a wide array of internal and external information, and then automatically analyzed using ThingWorx machine learning capabilities. The integration will allow organizations to gain enterprise-wide insight and to proactively optimize 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 realize the enormous potential of the Industrial Internet of Things,” said Jim Heppelmann, president and CEO, PTC. “We welcome and look forward to working closely with our Kepware employees, customers, and partners.”
“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,” said Hyoun Park, Chief Research Officer, Blue Hill Research.
Over the past 12 months, privately-held Kepware generated approximately $20 million in revenue. PTC drew on its credit facility to finance this transaction. PTC expects Kepware to be neutral to its FY’16 non-GAAP EPS, and will provide additional financial guidance related to the acquisition on its fiscal Q1’16 earnings call, scheduled for Wednesday, January 20, at 5:00 pm Eastern Time.
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 and Risks
Statements in this press release about the integration of the companies’ products and the expected effect of the acquisition of the Kepware business on PTC’s business and financial results are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expected. Such risks and uncertainties include the following: the companies’ products may not be integrated as or when we expect, the addition of the Kepware business may not provide the expected competitive advantage or benefit, we may be unable to operate the business to achieve the expected financial results, we may be unable to retain and maintain relationships with key employees and strategic partners of the Kepware business, and the opportunities expected to be created by the Internet of Things may not materialize as quickly or as we or others expect, as well as other risks and uncertainties described in reports we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
PTC, the PTC logo, ThingWorx, Kepware and KEPServerEX are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.