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Constant Currency ARR Growth: 8.5% year-over-year. Free Cash Flow Growth: 16% year-over-year, totaling $857 million for fiscal '25. Revenue Contribution from Kepware and ThingWorx: Approximately $200 ...

The latest update is out from PTC ( (PTC)). On November 5, 2025, PTC Inc. entered into an Asset Purchase Agreement with Parrot US Buyer, L.P., an entity controlled by TPG Global, LLC, to sell its ...

PTC is selling off its IoT businesses, Kepware and ThingWorx, in order to hone its focus on SaaS and AI, according to CEO Neil Barua, as the conglomerate announced a sale of the operations to asset ...

Barua stated, "For ARR growth, we are guiding to a range of 7% to 9% with Kepware and ThingWorx; at 7.5% to 9.5% without Kepware and ThingWorx. We are also well on track to deliver $1 billion of free ...

BOSTON - TPG, a global alternative asset management firm, has agreed to acquire PTC’s (NASDAQ:PTC) Kepware industrial connectivity and ThingWorx Internet of Things businesses, according to a press ...

BOSTON and SAN FRANCISCO and FORT WORTH, Texas, Nov. 5, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) and TPG, a leading global alternative asset management firm, today announced a definitive agreement under ...

Sale of Kepware and ThingWorx businesses enables PTC to increase focus on Intelligent Product Lifecycle vision Transaction will provide the Kepware and ThingWorx businesses with additional resources ...

TPG has agreed to acquire PTC’s industrial connectivity and IoT businesses. No financial terms were disclosed. Headquartered in Boston, PTC is a software company. Neil Barua serves as president and ...