Integrating IoT application development with deep domain and engineering expertise offers customers significant growth opportunity
PTC (NASDAQ: PTC) today announced that EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, will combine its extensive engineering and integration capabilities with PTC’s industry-leading ThingWorx Internet of Things (IoT) platform to build and offer IoT solutions across key verticals, including financial services, life sciences and healthcare, and retail and distribution.
The rapid increase of IoT devices and the rise of data generated by these devices have led many businesses to look for solution providers that can provide cost-effective and easily adaptable IoT applications to fit their specific needs. ThingWorx and EPAM are partnering to develop vertical-focused IoT solutions for end customers in the areas of product development, data, and analytics. ThingWorx’s open IoT platform and rapid application development capabilities will be used by EPAM to complement its full end-to-end IoT service capabilities, from industrial design and low-level programming of connected devices to infrastructure, middleware, and integration capabilities.
“Innovative service and engineering companies like EPAM understand that every business could be an IoT business and, as such, is using ThingWorx technology to create new growth opportunities that pave the way for the next generation of industrial products,” said Rob Gremley, president, Technology Platform Group, PTC.
“As a part of our evolving IoT service practice, EPAM is investing in a blueprinted approach to enabling machine-to-machine transactions through a robust architecture and real-time data processing,” said Eli Feldman, CTO, Advanced Technology, EPAM. “Partnering with PTC and leveraging ThingWorx allows us to better enable our clients to improve their time to value on IoT investments.”