PTC has a strong presence in the Americas, Europe, and APAC. The company has an extensive network of software resellers, hardware resellers, and software and service partners. Major renowned resellers include 3H Technology Institute, LLC, 3D PRO SP, ZOO, 4 CAD PLM Canada, and Alfasoft AS. The company has more than 750 partners including hardware and system integration partners, service and training partners, VARs, and enterprise and performance team partners. The company has adopted an ingenious approach of partnerships, collaborations and acquisitions to enhance its market presence. For instance, to expand its offering in IoT analytics, PTC acquired Kepware, a software development company providing communication connectivity for industrial automation in January 2016. The company has formed partnerships with leading industry players in various areas to enhance the capabilities of its solutions, expand its presence in new markets, and introduce new innovative solutions. Moreover, PTC formed partnerships with HMS Industrial Networks, MultiTech, Sierra Monitor Corporation, 4CAD Group, Barkawi, and Gray Matter Systems to enhance its presence.