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03 January 2014 /Mark Benson

PTC1 just acquired ThingWorx for $112M:

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.)

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