1.0
Nov 13, 2015
Former employee, more than 8 years
Needham, MA
Recommend
CEO approval
Business Outlook
Pros
Should have been the clear leader in IoT by now. Had acquired the top 2 IoT platforms in the market (ThingWorx and Axeda), had a multi-year head start on the competition, and were in position to dominate the space.
Cons
Bungled the execution of IoT acquisitions. Lost most of the acquired IoT DNA through turnover and layoffs. Now left with former CAD and PLM staff trying to pick up the pieces. Meanwhile the market (google, amazon, salesforce, microsoft, oracle) have all introduced IoT specific offerings. No alliances with those true platform and cloud companies means they are competitors and will eat PTC's IoT lunch.