|By Business Wire
|May 19, 2014 08:15 AM EDT
ThingWorx™, a PTC (Nasdaq: PTC) business and leading Internet of Things
(IoT) platform provider, today announced new and expanded sales
leadership. Jason Dietrich, Senior Vice President, Global Sales and
David Westrom, Senior Vice President, Global Business Development will
lead further expansion of ThingWorx go-to-market activities to address
increased demand for the innovative ThingWorx® IoT
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. The
firm believes perhaps 80 to 100 percent of all manufacturing could be
using Internet of Things applications by then, leading to potential
economic impact of $900 billion to $2.3 trillion, largely from
productivity gains. For example, with increasingly sophisticated
Internet of Things technologies becoming available, companies can not
only track the flow of products or keep track of physical assets, but
they can also manage the performance of individual machines and systems.
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’s 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.
“In response to strong demand and rapid growth in all markets we serve,
driven in-part by the market reach and financial resources of PTC, we
are accelerating the build-out of our global organization,” stated Russ
Fadel, president, ThingWorx. “Jason and Dave bring over 30 years of
exceptional executive experience and leadership; I am confident they
will execute our global strategy.”
As Senior Vice President, ThingWorx Global Sales, Mr. Dietrich will be
responsible for driving the ThingWorx direct sales channel strategies
and execution worldwide. Mr. Dietrich holds a Master’s degree in
Business Administration (MBA) and a Bachelor of Science degree in
Chemical Engineering from Lehigh University. Mr. Dietrich’s prior
experience includes executive roles at Invensys and CIMNET, where he had
Promoted from Vice President to Senior Vice President, ThingWorx Global
Business Development, Mr. Westrom will be responsible for driving the
ThingWorx indirect sales channel strategies and execution worldwide. Mr.
Westrom holds a Bachelor of Science degree in Mechanical Engineering
from the University of Maryland. Mr. Westrom’s prior experience includes
executive roles at LightHammer, SAP, and Invensys.
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.
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