Tech Company M&A Transactions
ThingWorx Acquisition
Based in Exton, ThingWorx was acquired by PTC. The parties disclosed the acquisition price to be $130 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/31/2013
Transaction Type
M&A
Amount
$130,000,000
M&A Terms
PTC today announced it has acquired ThingWorx, creators of an award-winning platform for building and running applications for the Internet of Things (IoT), for approximately $112 million, plus a possible earn-out of up to $18 million.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
350 Eagleview Blvd 150
Exton, PA 19341
USA
Exton, PA 19341
USA
Phone
Website
Email Address
Overview
ThingWorx is a privately held company that develops and markets the first application platform for the Connected World.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Russell Fadel
Chief Operating Officer
John Richardson
Chief Technical Officer
Rick Bullotta
General Manager
John Canosa
VP - Bus. Development
Dave Westrom
VP - Finance
Dan Zebrowski
VP - Product Management
John Schaefer
Browse more venture capital transactions:
Prev: 12/31/2013: Hygieia venture capital transaction
Next: 12/31/2013: Vimo venture capital transaction
Share this article
Where The Data Comes From
We do our best to record funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs