PTC and GE Digital to Expand Strategic Alliance

PTC (NASDAQ: PTC) and GE Digital today announced from GE’s Minds + Machines 2016 plans to expand their strategic alliance, first established in 2015, to bring integrated solutions to the Industrial Internet of Things (IIoT) market. Specifically, the companies will pursue a ‘ThingWorx for Predix’ technology suite that will make it easier for joint customers to use ThingWorx to develop custom applications that run on Predix, GE’s Industrial Internet operating system. Additionally, PTC intends to sell ThingWorx coupled with GE’s Predix technology, and GE intends to sell ‘ThingWorx for Predix’ together with Predix solutions that it offers to new and existing customers.