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Industrial IoT

PTC

CAD, PLM, ALM and field-service software (Creo, Windchill, Codebeamer, ServiceMax); its ThingWorx and Kepware IoT lines moved to Velotic in 2026

Boston, United States Founded 1985 5000+ employees Verified October 17, 2026 Updated October 17, 2026

PTC is a US software company. In March 2026 it completed the sale of its ThingWorx industrial IoT platform and Kepware connectivity business to the investment firm TPG for $523 million in cash; both products now trade under Velotic, a new company that also absorbed GE Vernova’s Proficy software. Kepware Server still exposes PLC data over OPC UA and MQTT through more than 150 drivers, but under Velotic ownership. PTC itself now concentrates on Creo and Onshape CAD, Windchill and Arena PLM, Codebeamer application lifecycle management, ServiceMax field service and Vuforia augmented reality, which remain relevant to connected-product programmes for digital-thread and service workflows.

Main products

  • Creo
  • Onshape
  • Windchill
  • Arena
  • Codebeamer
  • ServiceMax
  • Vuforia
  • Vuforia Chalk

Pricing model

PTC sells its remaining products as subscriptions quoted through sales and resellers; the only published list price is Onshape at $1,500 (Standard) and $2,500 (Professional) per user per year, with a non-commercial Free plan. ThingWorx and Kepware pricing is now handled by Velotic, which quotes enterprise packaging and sells point connectivity through an online store. Official pricing page.

Known limits

  • ThingWorx and Kepware are no longer PTC products: the businesses were sold to TPG in March 2026 and now operate as Velotic
  • No published pricing for Creo, Windchill, Arena, Codebeamer, ServiceMax or Vuforia
  • Onshape Free plan is limited to non-commercial use
  • Kepware Server keeps a free trial, but enterprise packaging of Kepware and ThingWorx requires contacting Velotic

Alternatives in the directory

  • Siemens: Automation controllers, industrial edge computing and the Insights Hub cloud for factories and process plants
  • AVEVA: PI System historian, SCADA, asset performance and engineering software for industrial operations
  • Inductive Automation: Ignition platform for SCADA, HMI, MES and IIoT applications with unlimited-tag server licensing

Products, pricing and limits checked against the company's official site on October 17, 2026. Prices and plans change; the official page is the reference. Spotted an error? Tell us or see the editorial policy.

Focus: plm and cad software, augmented reality, field service.

Tags: plm · cad · augmented reality · digital thread · field service · velotic · thingworx · kepware

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