Exton, PA- November 17, 2011 ThingWorx™ today announced that it has been chosen by AlwaysOn as one of the Venture Summit Mid-Atlantic 100 winners. Inclusion in the Venture Summit Mid-Atlantic 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.

“The Venture Summit Mid-Atlantic 100 winners are transforming the mid-Atlantic region’s technology community through innovation and creativity,” said Tony Perkins, founder and editor at AlwaysOn. “The companies represent some of the highest-growth opportunities in the mid-Atlantic private company marketplace across all industry sectors, including digital media and entertainment, on-demand computing as well as greentech and the life sciences.”

ThingWorx is transforming the way companies take advantage of today’s connected world through its innovative Connected Application Platform. ThingWorx’s patented technology provides the complete set of services and functionality required to develop applications that connect people, systems, and smart devices. The complete functionality combined with its model-based development environment enables companies in the manufacturing, healthcare, smart grid, energy, and utilities industries to develop high-value solutions 5x faster than alternate approaches.

“We are pleased to be recognized as one of the leading technology innovators based in the mid-Atlantic market,” says Russell Fadel, CEO and co-founder of ThingWorx. “At ThingWorx, we have made a serious investment in building a next generation application development platform that will allow our customers to accelerate solution development time by 5x and build applications that grow in value over time. This recognition from the AlwaysOn selection committee is another indication that the ThingWorx platform is satisfying a previously unmet market need. We are excited about the market adoption of our platform to date and are focusing our efforts on expanding internationally in the near future.”

The Venture Summit Mid-Atlantic 100 winners were selected from among thousands of mid-Atlantic technology companies nominated by investors, bankers, journalists, and greentech industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list. ThingWorx was selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

ThingWorx and the Venture Summit Mid-Atlantic 100 companies will be honored at the IMPACT Venture Summit Mid-Atlantic event, Nov. 29 and 30, 2011, at the Ritz Carlton in Philadelphia. This two-day executive event features CEO presentations and high-level debates on the most promising emerging technologies and new entrepreneurial opportunities on the East Coast. For over 20 years, IMPACT has been showcasing the best and most promising investment opportunities in the technology, life sciences, and clean technology sectors.

About ThingWorx

ThingWorx™ is a privately held company that develops and markets “The 1st Application Platform for the Connected World™”. ThingWorx combines the key functionality of Web 2.0, real-time data, mashups, search, social media and the semantic web, and applies it to any process that involves people, systems, devices and other real world “things”. ThingWorx is providing the disruptive change required to catalyze innovation and enable connected world applications, resulting in a step change in business performance in industrial markets such as manufacturing, utilities and energy, as well as in emerging “Internet of Things” applications, which include smart cities, smart grid, agriculture, transportation, and Machine-to-Machine (M2M).  For more information contact us at www.thingworx.com or follow us on Twitter @ThingWorx.

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

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