PTC Announces Availability of Its ThingWorx Internet of Things Platform Running on SAP HANA®; Joins SAP® PartnerEdge® Program

PTC Announces Availability of Its ThingWorx Internet of Things Platform Running on SAP HANA®; Joins SAP® PartnerEdge® Program
ThingWorx Now Available; Delivers Comprehensive IoT Capabilities to Customers

September 22, 2016 02:15 PM Eastern Daylight Time
NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today announced that it has joined the SAP® PartnerEdge® program as a partner that designs, develops and builds software integrated with SAP solutions. Through its participation in the program, PTC is now announcing the availability of its ThingWorx® Internet of Things (IoT) platform running on the SAP HANA® platform. The solution provides customers with essential IoT application development and analytics capabilities as well as innovative augmented reality functionality, powered by Vuforia®. PTC recently launched ThingWorx on the SAP App Center, where it will be marketed toward SAP customers and partners.

“How Smart, Connected Products are Transforming Companies”
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As an SAP partner, PTC made ThingWorx available using tools and resources available from the SAPPartnerEdge.com web site.

“Joining the SAP PartnerEdge program provides PTC with another highly regarded channel for distributing the ThingWorx platform,” said Jim Heppelmann, president and CEO, PTC. “By working with SAP, we are able to extend our leading IoT capabilities to a larger network of customers and partners, further enabling IoT innovation.”

ThingWorx, the centerpiece of PTC’s IoT technology portfolio, is comprised of a rapid application development platform, connectivity, machine learning anomaly detection, industrial connectivity, and augmented reality. These capabilities combine to deliver a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture and deliver value.

As an SAP partner in SAP PartnerEdge, PTC is empowered to build, market, and sell software apps on top of market-leading technology platforms such as SAP HANA Cloud Platform. The program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simplified framework under a single, global contract.

PTC is participating at SAP TechEd® 2016, held from September 19-23 in Las Vegas. At SAP TechEd, PTC and ThingWorx partner EPAM are demonstrating how IoT and augmented reality automate service for customers running SAP solutions by connecting real-time product data into their business processes.

Additional Resources

ThingWorx Internet of Things Platform
Harvard Business Review: “How Smart, Connected Products are Transforming Companies,” authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way companies create, operate, and service products. With PTC technology, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

PTC.com @PTC Blogs

PTC, ThingWorx, Vuforia, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

SAP, SAP HANA, PartnerEdge, TechEd and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

All other product and service names mentioned are the trademarks of their respective companies.

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Marlton-based software firm eMaint Enterprises acquired by Fluke Corporation

Tom Paine

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Marlton-based eMaint Enterprises has been acquired by Everett, Washington-based Fluke Corporation. Terms were not disclosed.

Founded in 1996, eMaint is a leader in Computerized Maintenance Management Software (CMMS). It has 99 employees listed on LinkedIn, located in South Jersey, Florida, and Ireland. It was named to the Philadelphia 100 in 2015.

Given Fluke's strength in electronic test tools and software and eMaint's expertise in equipment maintenance software, it sounds like a potential Internet of Things play.

Fluke, a subsidiary of Fortive, has around 2500 employees. Fortive was spun off from Danaher Corporation this past summer. Fluke has a history dating back to the 1940s, when it was an early competitor to Hewlett Packard's original electronic instrumentation business.

Brian Samelson is eMaint's CEO and President, and Hannelore Fineman is EVP and founding partner.  Matt Ferry, chief strategy officer, was previously VP-Sales for Artisan Mobile.


In response to an email inquiry about future plans from Philly Tech News, a Fluke spokesperson said that "eMaint will continue to operate as is, with initial collaborations focused on opportunity-sharing between our two customer sets."

"Yes, there is absolutely an IIoT (Industrial Internet of Things) play here: connected teams, devices and systems is the number one priority for both companies. IIoT has opened so many opportunities for innovators to overcome previous barriers to maintenance productivity, especially at mid-sized manufacturers and field service orgs," the spokesperson added. "There are no specifics at this point in terms of future roadmap."

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Rittenhouse Ventures Closes its Newest Fund

Rittenhouse Ventures Closes its Newest Fund


PHILADELPHIA, Sept. 22, 2016 /PRNewswire/ -- Rittenhouse Ventures today announced the final closing of Rittenhouse Fund II. At $18 million of committed capital, Rittenhouse II builds upon the firm's strong performance in the Rittenhouse Fund I portfolio, which includes Tabula Rasa Healthcare, Core Solutions, Halfpenny Technologies, and Take the Interview.

"Our mission is to partner with entrepreneurs to deliver right-sized investments, deep expertise, regional relationships, and successful financial outcomes," said Saul Richter, Co-Founder and Managing Partner. "We greatly appreciate our investors' shared vision in our focused investment strategy."

Based in Philadelphia, Rittenhouse Ventures targets investments in capital-efficient, Mid-Atlantic software companies that provide business-to-businesses solutions in healthcare, life sciences, finance, human resources, and general business services.

Rittenhouse II has already made seven investments—GSI Health, Kynectiv, Workplace Dynamics, Life.io, Haystack Informatics, WealthHub Solutions, and KickUp. The Rittenhouse team supports portfolio companies through its expertise in fundraising strategies, business operations, technical development, and market assessments. Rittenhouse Ventures also takes an active role in board leadership, connects entrepreneurs to its Directors Network, and hosts Portfolio Leaders Forum events.

Bruce Luehrs, Co-Founder and Managing Partner, explained, "Since 1998, our team has proudly served as capital providers to the region. In the process, we have developed a strong network of companies, executives, and investment partners that creates value for our portfolio."

Investors in Rittenhouse Fund II include Ben Franklin Technology Partners and Innovate in PA, run by the Commonwealth of Pennsylvania, along with distinguished individuals—CEOs, investors, and industry experts. "We've been proud to be part of the Rittenhouse story from the start," said Ben Franklin President and CEO, RoseAnn B. Rosenthal. "The Rittenhouse team is aligned with our focus on delivering the right capital and guidance to growing technology companies. They carefully execute an investment strategy that helps our region flourish in exciting ways."

About Rittenhouse Ventures

Over the past eight years, Rittenhouse Ventures, which manages $33 million of assets (AUM), has made 18 total investments in regional software companies. Rittenhouse promotes capital-efficient growth strategies for businesses with over $1 million in annual recurring revenue that seek $1-3 million in new capital. The Rittenhouse investment team has a proven track record of successfully partnering with companies from investment to exit, employing fundraising strategies that minimize entrepreneurs' dilution. Across the team's collective investment experience, exit values have exceeded $1 billion through acquisitions or initial public offerings.

SOURCE Rittenhouse Ventures

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