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The PTC becomes a major IoT and M2M player by acquiring application enablement and development platforms

  • August 2014
  • -
  • Analysys Mason
  • -
  • 3 pages

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PTC announced its intention to acquire Axeda for USD170 million on 24 July 2014. The deal will place two of the leading IoT application layer platform providers under the PTC umbrella, following the company's acquisition of ThingWorx in 4Q 2013. This article examines the implications for PTC and mobile network operators.

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