While PTC’s heritage has been in discrete manufacturing, two large process manufacturing customers, one in consumer packaged goods and one in food and beverage, expanded the use of ThingWorx in the factory during the quarter.One of these firms has now grown as deployment to 100 factories worldwide while the others have 70. And another example coming from the high tech and electronics market, LG Display, the world’s largest manufacturer of LCD displays, adapted ThingWorx including ThingWorx Studio to drive efficiencies across their manufacturing operations.On the IoT ecosystem front, the ThingWorx’s partner team delivered some key wins in Q4 including an agreement with Softbank who’s launching ThingWorx based IoT service solutions for property owners and managers and Flowserve who selected ThingWorx for their next version of remote industrial equipment monitoring software to enable predictive aftermarket services. These wins represents just a small sampling of PTC’s global IoT partner ecosystem that’s leveraging ThingWorx across the wide range of use cases and industries including Smart City applications, utilities, healthcare energy and communications.Our ability access these opportunities through a partner ecosystem expands our addressable market and it adds to our exciting long term growth opportunity in IoT.
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