PTC acquires Axeda

In the ever evolving world of IoT, the acquisition of Axeda¬†for USD170 million is certainly not a surprise. First PTC acquired ThingWorx in December, 2013, now they’ve snapped up Axeda.

Why did PTC do it and what were the valuation metrics of the Axeda and ThingWorx purchases?

MachNation partners can log-in to our partner portal for more information about this acquisition.

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