PTC cozies up to the industrial internet of things, picks up ThingWorx for $112 million

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The companies that build out the internet of things won’t just be making connected door knobs: they’ll also be cranking out all kinds of hardware and software for industrial applications like factories and assembly plants. With that market in mind,PTC agreed Monday to buy ThingWorx, a maker for software development tools, for $112 million. Read more

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