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ThingWorx Expands Leadership Team to Address Increased Demand for Internet of Things Platform in EMEA
|By Business Wire
|March 4, 2014 08:15 AM EST
a PTC (Nasdaq: PTC) business and leading Internet of Things (IoT)
platform provider, today announced a new and expanded leadership team in
Europe, the Middle East, and Africa (EMEA). The new ThingWorx team led
by Thomas Svensson, Senior Vice President, EMEA and Larry Terwey, Vice
President, EMEA will support the further expansion of ThingWorx and its
partner ecosystem across the region to address increased demand for the
innovative ThingWorx® IoT application platform.
Larry Terwey, Vice President, EMEA (Photo: Business Wire)
The proliferation of smart, connected products, devices and sensors is
creating an enormous demand for new Internet of Things applications.
According to a recent research report Disruptive
technologies: Advances that will transform life, business, and the
global economy (May, 2013) from the McKinsey Global Institute, the
Internet of Things has the potential to create economic impact of $2.7
trillion to $6.2 trillion annually by 2025. That value is expected to be
unleashed across a wide range of industries, including manufacturing,
health care, telecommunications, energy, agriculture, and transportation.
ThingWorx offers an innovative platform for rapidly developing and
deploying applications that realize the opportunity and value presented
by the Internet of Things economy. ThingWorx simplified and unified
approach to IoT applications enables companies to iteratively innovate
business processes significantly faster than conventional methods and
tools, thus accelerating time to value, minimizing cost and risk, and
transforming how products, people, and systems connect and interact.
“The ThingWorx business has seen strong demand and rapid growth across
Europe. This demand, combined with the market reach and financial
resources of PTC, is enabling ThingWorx to accelerate the build-out of
our global footprint,” stated Russ Fadel, president, ThingWorx. “Thomas
Svensson and Larry Terwey bring exceptional executive experience with
their leadership roles; I am confident they will deliver on our EMEA
As Senior Vice President, EMEA, Mr. Svensson will be responsible for
driving the ThingWorx direct and indirect sales channel strategies and
overall business development. Mr. Svensson holds a Master of Science
degree from the Chalmers University of Technology in Gothenburg, Sweden,
where he resides.
As Vice President, EMEA, Mr. Terwey will bring to bear his 20 years of
experience building successful sales and marketing programs in the M2M
and CAD / PLM markets.
About ThingWorx, a PTC Business
ThingWorx™, a PTC (Nasdaq: PTC) business, provides the first platform
designed to efficiently build and run the applications of today’s
connected world. ThingWorx’s model-based design and search-based
intelligence simplifies application development efforts by minimizing
cost, and risk while accelerating time to value. The ThingWorx platform
combines the key functionality of Web 2.0, search, and social
collaboration, and applies it to the world of “things”, including
connected products, machines, sensors, systems, and industrial
equipment. Businesses use the ThingWorx platform to rapidly deliver
innovative applications and connected solutions across markets ranging
from manufacturing, energy, and food, to Machine-to-Machine (M2M) remote
monitoring and service, as well as in emerging Internet of Things
applications, including smart cities, smart grid, agriculture, and
transportation. For more information, please visit our website at www.thingworx.com
and our blog at www.thingworx.com/blog
or follow us on Twitter at @ThingWorx.
PTC, ThingWorx, and the ThingWorx logo and are trademarks or
registered trademarks of PTC Inc. or its subsidiaries in the United
States and other countries.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140304005392/en/
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