PTC to Acquire Kepware

PTC to Acquire Kepware

PTC has signed a definitive agreement to acquire Kepware, a software development company that offers communications connectivity to industrial automation environments.

According to PTC, Kepware’s KEPServerEX will become a strategic component of the PTC ThingWorx IoT technology platform. Once the companies’ products are integrated, machine data will be able to 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 tremendous enterprise-wide insight and to proactively optimize mission-critical processes – enabling them to improve operational performance, quality, and time to market, a press release states.

“PTC is committed to helping manufacturers, infrastructure operators, and others realize the enormous value inherent in the Internet of Things,” said Jim Heppelmann, president and CEO, PTC. “With this acquisition, we will gain entry into heterogeneous factory and operating environments with robust technology, an impressive list of customers, and a high-quality, profitable company with incredibly talented employees.”

For more information, visit PTC.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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