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PTC just acquired ThingWorx for $112M:

Incidentally, PTC also owns the venerable Pro/Engineer (now Creo), which is a great piece of 2D CAD software.

The acquisition is expected to add more than $10 million of revenue over the next 12 months, with $5 million to $7 million of revenue in FY'14.

Given an annual turnover of <$10M, that's a pretty nice valuation for ThingWorx (>10x). (PTC's FY'13 revenue was $1.3 billion.)

Mark Benson speaking photo

About Mark Benson

Mark Benson is Head of Samsung SmartThings, author of The Art of Software Thermal Management for Embedded Systems, and is a regular speaker and writer on leadership, organizational behavior, and the future of the smart home.

Read more about Mark in the preface