PTC and EPAM Collaborate to Deliver Vertical-Specific IoT Solutions

By CIOReview | Wednesday, May 18, 2016
Elaina Shekhter, Global Head of EPAM’s Travel and Consumer industry business unit

Elaina Shekhter, Global Head of EPAM’s Travel and Consumer industry business unit

NEEDHAM, MA: PTC has announced that EPAM Systems, Inc., a global provider of product development and software engineering solutions, will combine its engineering and integration capacities with PTC’s ThingWorx Internet of Things (IoT) platform to build and offer IoT solutions across key verticals, including financial services, retail and healthcare.

The massive increase of IoT devices and the ever increasing volumes of data generated by these devices have led many businesses to look for solution providers that can provide affordable and easily adaptable IoT applications to meet their specific needs. ThingWorx and EPAM are collaborating to develop vertical-focused IoT solutions for end customers in the areas of product development, data, and analytics. ThingWorx’s open IoT platform and fast application development capabilities will be used by EPAM to complement its full end-to-end IoT service capabilities, from industrial design and low-level programming of connected devices to infrastructure, middleware, and integration capabilities.

 “Innovative service and engineering companies like EPAM understand that every business could be an IoT business and, as such, are using ThingWorx technology to create new growth opportunities that pave the way for the next generation of industrial products,” said Rob Gremley, President, Technology Platform Group, PTC.

“As a part of our ever evolving IoT service practice, EPAM is investing in a blueprinted approach to enabling machine-to-machine transactions through a robust architecture and real-time data processing,” said Eli Feldman, CTO, Advanced Technology, EPAM. “Partnering with PTC and leveraging ThingWorx allows us to better enable our clients to improve their time to value on IoT investments.”

EPAM Systems, Inc., a global product development and platform engineering Services Company, is focused on delivering results through best-in-class software engineering, combined with innovative consulting, strategy and design capabilities.