PTC aims to excel in IoT among competitors in the future by providing customized IoT solutions and focusing on relevant IoT acquisitions. The company continues to focus on working with the world’s leading system integrators and professional services companies, which can be a valuable channel for extending PTC’s ThingWorx IoT platform to a wider network of customers. Approximately 100 system integrators are now a part of the PTC Partner Network, including Cognizant, Deloitte, Kalypso, Infosys, ITC Infotech, and Tech Mahindra. In 2016, PTC partnered with systems integrators, such as Tech Mahindra and Infosys to develop new IoT security solutions based on its ThingWorx IoT platform, including solutions for smart manufacturing, fleet management, smart energy management, and connected car. To strengthen its portfolio in the IoT security aspect, PTC acquired Axeda in 2014. With this acquisition, the company aims to provide robust and secure network across the IoT endpoints, servers, and gateways. The acquisition of Axeda extended PTC's strategy by accelerating its ability to support manufacturers seeking competitive advantage as they create as well as service the connected products. PTC serves a wide range of industries, including telecommunications, utilities, medical devices, agriculture, and transportation, as well as various technology partners and IoT-service providers across the globe.