ThingWorx was founded in 2009. The company released its first product 2 years later. Late in 2013, the company was acquired by PTC. In this keynote address, Russ Fadel tells the story of ThingWorx's start and the opportunity the company saw in the Internet of Things.
PTC was following a parallel course, developing along the same direction as ThingWorx. With a strategic direction to take PTC into the IOT world, the fit of the two companies is very compatible.