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.)
Incidentally, PTC also owns the venerable Pro/Engineer (now Creo), which is a great piece of 2D CAD software. ↩
Mark Benson is Vice President of Engineering at SmartThings, a technology company based in Mountain View, CA and a wholly owned subsidiary of Samsung Electronics. Mark is a regular speaker and writer on the intersection of technology, business, and society as it relates to product development, technology leadership, strategic planning and execution, intellectual property portfolio management, software architecture, information security, competitive positioning, and organizational behavior.