- PTC (PTC +0.6%) acquires Internet of Things platform creator ThingWorx for $112M and a potential earn-out of $18M.
- The acquisition is expected to add more than $10M in revenue in the coming 12 months, with $5M-$7M recognized in FY2014. FY2014 EPS guidance of $2-$2.10 is unchanged.
- PR, conference call at 8:30am ET tomorrow
PTC acquires Internet of Things platform creator ThingWorx
Dec 30 2013, 16:51 ET