PTC has announced that it has received the 2016 Compass Intelligence Awards for the IoT Enablement Company of the Year for the Enterprise Market and Top Vendor in Application Development for its Vuforia augmented reality platform.

The Compass Intelligence Awards are selected by more than 40 industry-leading press, editors, journalists, thought leaders, and analysts who cover technology. The program included three primary award categories: Mobile & Wireless, A-List in IoT & M2M, and Bamboo Mobile (Green Tech). The 77 awards identify the best in mobile devices and software, wireless technology, platforms, Internet of Things, wearables, reuse/recycling of devices, connected products, and emerging solutions.

“PTC continues to exemplify excellence and innovation in the IoT market, and the successful growth trajectory into multiple industries and the enterprise is a testament to its overall market leadership,” said Stephanie Atkinson, CEO of Compass Intelligence.

This is the second consecutive year that PTC has seen its IoT leadership recognized by the Compass Intelligence Awards. In 2015, PTC was named Enabling Technology of the Year and Application Development and Enablement Platform of the Year for its ThingWorx IoT technology.

PTC is one of the leading providers of enterprise IoT technologies and services. Over 1,200 customers and partners have selected PTC as their IoT solutions provider, in order to build new connected product and service applications, expand their product portfolios, and accelerate their time-to-market with new offerings. PTC has extended its IoT solutions around the world, with deployments in more than 150 countries.

PTC’s ThingWorx IoT platform delivers rapid application enablement, connectivity, analytics and machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture and deliver value.

PTC was also recognized as a leader in enabling application development for its augmented reality platform, Vuforia. Vuforia is the world’s most widely used platform for AR development. With support for leading phones, tablets, and eyewear, more than 30,000 Vuforia-powered applications have been published on the App Store and Google Play – and have led to more than 300 million app installs. Vuforia also supports an active developer ecosystem with more than 250,000 registered developers and more than 30,000 projects in development.

“PTC is committed to leading the industry in IoT and augmented reality technologies by providing a platform that easily enables connected product and AR experiences,” said Jim Heppelmann, president and CEO, PTC. “Receiving these awards from Compass Intelligence further validates our vision and progress, and we look forward to expanding our growing customer and partner base.”

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