In early 2009, the three founders of ThingWorx™, began discussions on how we could bring our experiences in building manufacturing focused software products to the broader set of businesses that have operational processes that include people, systems and devices (aka Things) critical to product or service delivery.
We realized that we were at the beginning of a new era, one dominated by increasing rates of change, and explosion of smart devices, and a fundamental shift in user expectations of the software experience. We each saw the opportunity from a different perspective:
- Can we make Things searchable, social, mobile, and mashable?
- Can we increase the velocity of application development to get ahead of the rate of change?
- Can we apply the concepts of Connected Intelligence™ to operational processes involving people, systems and devices?
It took us a while to realize that while each of these ideas had merit that, the true breakthrough would occur when all three were combined into a solution. From this simple revelation, ThingWorx was born.
In December 2013, ThingWorx was acquired by PTC® to execute on the strategy of accelerating its ability to support manufacturers seeking competitive advantage as they create and service smart, connected products. This strategy was strengthened in August of 2014 with the acquisition of Axeda to complement ThingWorx and join together two of the world’s leading IoT companies.
As part of PTC, ThingWorx continues to help customers in a wide range of industries seeking to leverage the Internet of Things (IoT), including telecommunications, utilities, medical devices, agriculture, and transportation, as well as an emerging partner network of IoT-enabled service providers.
ThingWorx™ provides the first IoT platform designed to build and run the applications of the connected world, reducing the time, cost, and risk required to build innovative applications for smart, connected products.
The model-based design and search-based intelligence of the ThingWorx IoT Platform simplifies application development efforts by minimizing cost, and risk while accelerating time to value. The platform also combines the key functionality of Web 2.0, search, and social collaboration, and applies it to the world of “things”, including connected products, machines, sensors, systems, and industrial equipment.
Businesses use the ThingWorx platform to rapidly deliver innovative applications and connected solutions across markets ranging from manufacturing, energy, and food, to Machine-to-Machine (M2M) remote monitoring and service, as well as in emerging Internet of Things applications, including smart cities, smart grid, agriculture, and transportation.