Compass Intelligence Recognizes PTC for Third Consecutive Year with Awards for Its Comprehensive IIoT Platform and Augmented Reality Solution

NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today announced that it has received the 2017 Compass Intelligence Awards for Industrial Internet of Things Company of the Year (IIoT) and IoT Innovative Product of the Year Vendor for the Consumer Market for its ThingWorx® Studio augmented reality (AR) solution.

The 5th annual Compass Intelligence Awards winners were selected by more than 40 industry-leading press, editors, journalists, thought leaders, and analysts who cover technology. The program included three primary award categories: Mobile & Wireless, A-List in IoT, and Bamboo Mobile (Green Tech). The 68 awards identify the best in mobile devices and software, wireless technology, platforms, Internet of Things, wearables, reuse/recycling of devices, connected products, robotics, augmented reality, artificial intelligence, and emerging solutions.

"PTCs vision, robust technology portfolio, and strong market position continue to make the company the clear leader in the Industrial Internet of Things market," said Stephanie Atkinson, president, Compass Intelligence.

This is the third consecutive year that PTC has seen its IoT leadership recognized by the Compass Intelligence Awards. In 2016, PTC was named Internet of Things Enablement Company of the Year and Leading Augmented Reality Vendor, and in 2015 PTC was named IoT Innovation Vendor of the Year for its ThingWorx® IoT technology.

PTC is one of the leading providers of enterprise IoT technologies and services. Its ThingWorx technology has grown alongside the Industrial IoT market, becoming one of the most widely-used and trusted ways for companies to leverage the Industrial IoT to create smart, connected operations, products, and solutions. The ThingWorx IoT platform delivers the functionality, flexibility, and agility that companies need to quickly develop and deploy Industrial IoT apps and cutting-edge augmented reality experiences. This includes industrial connectivity, analytics, application enablement, orchestration, and codeless AR experience authoring.

PTC was also recognized as IoT Innovative Product of the Year Vendor for the ThingWorx Studio augmented reality authoring and publishing tool. Leveraging Vuforia® computer vision technology, ThingWorx Studio democratizes AR development by enabling users to author and publish AR experiences without requiring programming or coding skills.

"The Compass Intelligence awards are continued validation of PTCs IIoT strategy and the strength of PTCs IIoT solution portfolio," said Jim Heppelmann, president and CEO, PTC. "PTC is committed to bridging the digital and physical worlds to help create a new wave of connected products and services that will transform business and enable enterprises to accelerate time to value."

Additional Resources

PTC Internet of Things (resource page)
ThingWorx IoT Platform
ThingWorx Studio Augmented Reality Free Trial Program
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.