Internet of things News
The 10 Biggest IoT News Stories Of 2018
6. Rockwell Automation Invests $1 Billion In PTC For IoT Partnership
Industrial software maker PTC received a major Internet of Things boost when the company announced it was receiving a $1 billion equity investment from industrial IoT giant Rockwell Automation. The investment was made as part of a new strategic partnership that included integrating PTC's IoT offerings —ThingWorx, Kepware and the Vuforia augmented reality platform—with Rockwell's FactoryTalk and Industrial Automation platforms. The deal was also expected to give channel partners for each company expanded cross-sell opportunities.