Companies Offer Complementary Technology Platforms

NEEDHAM, Mass. & STOCKHOLM — (BUSINESS WIRE) — June 16, 2014 — ThingWorx, a PTC (Nasdaq: PTC) business and leading Internet of Things (IoT) platform provider, and Telenor Connexion, a leading enabler of connected business solutions, today announced a new collaboration designed to make it simpler and quicker for companies to realize the promise of a smart, connected world. The two companies see this as the start of a long-term alliance that will accelerate the introduction of innovative new connected business solutions and services.

ThingWorx and Telenor Connexion share a common vision for how connectivity can transform a company’s value proposition by enhancing the entire solution deployment lifecycle – from design to operation to service. As a result, the two companies have kicked off a series of joint activities in areas related to product development, marketing, and sales designed to collaboratively meet fast-growing market demand.

For its part, Telenor Connexion established its Cloud Connect platform to make it easier for companies to get onboard the connected world by helping out in the design and development of the solutions and to handle operations over time. The company is building up an expansive partner network to support the deployment of sensor technology, the capture and communication of machine, device and sensor data to the cloud, and the creation of applications for visualization and management of that same data.

“Telenor Connexion prides itself on having the key building blocks to decrease time to market, and we work with the best partners for customer specific development,” said Per Simonsen, CEO, Telenor Connexion. “By working with ThingWorx, we are leveraging the ThingWorx® industry-leading application development platform to drive innovation and meet the broad market opportunity before us.”

ThingWorx offers an innovative platform for rapidly developing and deploying applications that realize the opportunity and value presented by the Internet of Things economy. ThingWorx’s simplified and unified approach to IoT applications enables companies to iteratively innovate business processes significantly faster than conventional methods and tools, thus accelerating time to value, reducing cost and risk, and transforming how products, people, and systems connect and interact.

“For companies seeking to deploy smart, connected solutions today, their technology choices are disparate and disconnected,” said Russ Fadel, president and general manager, ThingWorx. “We’re pleased to be working with Telenor to help integrate a complete, end-to-end solution that provides an easy entry point for companies that want to realize the full value potential of adding connectivity to their product and service offerings.”

Additional Resources

• ThingWorx Partner Ecosystem Overview
• ThingWorx Application Development Platform Overview
• PTC Live Newsroom

About ThingWorx, a PTC Business

ThingWorx™, a PTC (Nasdaq: PTC) business, provides the first platform designed to efficiently build and run the applications of today's connected world. ThingWorx's model-based design and search-based intelligence simplifies application development efforts by reducing cost and risk while accelerating time to value. The ThingWorx® platform combines the key functionality of Web 2.0, search, and social collaboration, and applies it to the world of “things,” including connected products, machines, sensors, systems, and industrial equipment. Businesses use the ThingWorx platform to rapidly deliver innovative applications and connected solutions across markets ranging from manufacturing, energy, and food, to Machine-to-Machine (M2M) remote monitoring and service, as well as in emerging Internet of Things applications, including smart cities, smart grid, agriculture, and transportation. For more information, please visit our website at www.thingworx.com and our blog at www.thingworx.com/blog or follow us on Twitter at @ThingWorx.

About Telenor Connexion

At Telenor Connexion we design and operate connected business solutions. Building on more than 15 years of experience, a strong solutions portfolio and our collaborative approach, we make it easy to realize the value of connected services. Together with companies such as Volvo, Nissan, Scania, Hitachi, Securitas Direct and Telcare we have designed smart and innovative connected solutions deployed across the globe. We support our customers throughout their entire product lifecycle - from solution design to operations and future development. By partnering with Telenor Connexion you are ensured a reliable and secure end-to-end solution that can evolve over time. Our headquarters and tech centre are located in Sweden and we have regional offices in UK, Germany, France, US and Japan. Telenor Connexion is wholly owned by Telenor Group, one of the world’s major mobile operators. For more information please visit www.telenorconnexion.com.

Forward Looking Statements and Risks

Statements in this press release about the expected combination of the solutions, including any features or functionality or the timing thereof, are forward-looking statements and actual results may differ materially as a result of changes or delays in the integration of the solutions.