Coldlight Solutions: PTC to Acquire ColdLight

Date: 05/05/2015 (All day)Teaser: LiveWorx 2015. It's On! - PTC (Nasdaq: PTC) today announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics, for approximately $105 million. The acquisition of ColdLight's Neuron automated predictive analytics platform will enrich PTC's technology portfolio and extend PTC's position as a leader in the Internet of Things (IoT) market.ColdLight will serve as PTC's core data analytics platform to deliver new value to markets both companies serve today - manufacturing, healthcare, media and retail - as well drive growth across new markets. When combined with PTC's ThingWorx® IoT platform, ColdLight's Neuron will automate the analysis of data from things to address a range of important challenges. These challenges include detecting failure patterns from data, modeling correlations, predicting failures, prescribing remedies and prioritizing recommendations against cost constraints. ColdLight's Neuron platform addresses these challenges by using artificial intelligence and machine learning technology to automatically and continuously learn from data, discover patterns, build validated predictive models and send information to virtually any type of application or technology. READ MORE Location: Boston, MASource URL: http://bit.ly/1OXRSfgCompany Website: http://www.ptc.comLogo: