Velotic™ Launches to Shape Future of Industrial & Manufacturing Software
Introduction to Velotic’s Launch
Velotic has officially launched as a new independent industrial software company, marking a significant milestone in the evolution of manufacturing and industrial technology. The company brings together multiple established platforms under one unified structure, aiming to deliver advanced, data-driven solutions for modern industrial operations. This formation aligns with the completion of acquisitions led by TPG, including Proficy, formerly part of GE Vernova, and industrial connectivity and IoT businesses previously owned by PTC. With this consolidation, Velotic enters the market with a strong foundation built on proven technologies and industry expertise.
Strategic Formation Through Key Acquisitions
The creation of Velotic is closely tied to TPG’s strategic acquisitions, which were designed to combine complementary technologies into a single, cohesive platform. By integrating Proficy’s manufacturing and automation capabilities with Kepware’s industrial connectivity solutions and ThingWorx’s IoT and analytics strengths, the company establishes a comprehensive ecosystem for industrial operations. This strategic alignment allows Velotic to address long-standing challenges in manufacturing, such as fragmented data systems and limited interoperability. The result is a unified platform capable of delivering seamless connectivity, advanced analytics, and enhanced operational efficiency for customers across a wide range of industries.
Building a Next-Generation Industrial Software Platform
Velotic has been purpose-built to meet the rapidly evolving demands of global manufacturing operators. As industries increasingly rely on data to drive decision-making, the need for integrated, AI-powered software solutions has become more critical than ever. Velotic addresses this need by offering a platform that combines automation, connectivity, and analytics into a single solution. By leveraging artificial intelligence, the company enables manufacturers to gain deeper insights into their operations, optimize processes, and improve overall productivity. This next-generation approach positions Velotic as a key player in the ongoing digital transformation of the industrial sector.
Integration of Leading Technologies
At the core of Velotic’s offering is the integration of three highly regarded platforms: Proficy, Kepware, and ThingWorx. Proficy provides advanced automation and production management capabilities, helping manufacturers streamline operations and improve efficiency. Kepware is widely recognized for its industrial connectivity solutions, enabling seamless communication between diverse systems and devices. ThingWorx delivers powerful IoT and analytics applications, allowing businesses to harness data for actionable insights. By bringing these technologies together, Velotic creates a comprehensive solution that offers enhanced visibility, improved decision-making, and greater operational control. This integration ensures that customers can access a full suite of tools within a single, unified environment.
Leadership Driving Industry Innovation
Velotic’s leadership team brings extensive experience and expertise in manufacturing technology. Brian Shepherd has been appointed as Chief Executive Officer, with more than 25 years of experience in the industry. His background includes leadership roles at Rockwell Automation, Hexagon Manufacturing Intelligence, and PTC, where he contributed to the development of advanced manufacturing solutions. James Heppelmann, former Chairman and CEO of PTC, will serve as Executive Chairman of Velotic. Together, this leadership team is well-positioned to guide the company through its next phase of growth and innovation, leveraging their deep industry knowledge to address complex manufacturing challenges.
Vision for AI-Driven Manufacturing Transformation
Velotic’s mission is centered on advancing the adoption of AI-powered technologies in industrial and manufacturing environments. As manufacturers face increasing pressure to improve efficiency, reduce costs, and remain competitive, the integration of AI into operational technology has become essential. Velotic aims to support this transformation by providing tools that enhance workforce productivity, optimize processes, and enable data-driven decision-making. By focusing on real-time insights and predictive analytics, the company empowers organizations to anticipate challenges, respond quickly to changes, and achieve better outcomes. This vision reflects a broader industry trend toward intelligent, connected manufacturing systems.
Backing and Strategic Support from TPG
The support of TPG plays a crucial role in Velotic’s growth strategy. As a global alternative asset management firm with extensive experience across multiple sectors, TPG provides both financial resources and strategic guidance to help Velotic expand its capabilities and market presence. With approximately $303 billion in assets under management, TPG brings a strong track record of investing in innovative companies and driving value creation. Its partnership with Velotic underscores the potential of the industrial software market and the importance of investing in technologies that enable digital transformation. This backing ensures that Velotic has the resources needed to continue developing cutting-edge solutions and delivering value to its customers.
Delivering Value Across Multiple Industries
Velotic serves a diverse range of industries, including manufacturing, oil and gas, utilities, and infrastructure. The company’s platform is designed to be hardware-agnostic and flexible, allowing it to integrate with existing systems and adapt to different operational environments. This versatility makes it suitable for organizations with varying needs and levels of technological maturity. By providing a unified platform that supports data integration, analytics, and process optimization, Velotic helps businesses improve efficiency, enhance productivity, and gain greater visibility into their operations. These capabilities are particularly valuable in industries where complex systems and large volumes of data are common.
Strengthening Product Portfolio and Market Position
Although Proficy, Kepware, and ThingWorx will remain distinct product lines, they will now operate under a unified mission within the Velotic portfolio. This approach allows the company to preserve the strengths and unique capabilities of each platform while leveraging their combined potential to deliver more comprehensive solutions. With more than $300 million in revenue and a global customer base, Velotic is well-positioned to compete in the industrial software market. The company’s focus on innovation, combined with its strong product portfolio, enables it to address the evolving needs of modern manufacturing and industrial operations.
Driving the Future of Industrial Technology
The launch of Velotic represents a significant step forward in the development of industrial software solutions. By combining advanced technologies, experienced leadership, and strong financial backing, the company is poised to play a key role in shaping the future of manufacturing. Its emphasis on AI-driven solutions, data integration, and operational efficiency aligns with the broader trends driving digital transformation across industries. As manufacturers continue to adopt new technologies to remain competitive, Velotic’s platform provides the tools and capabilities needed to navigate this complex landscape.
Velotic’s emergence as an independent industrial software company highlights the growing importance of integrated, data-driven solutions in modern manufacturing. By uniting proven platforms such as Proficy, Kepware, and ThingWorx under a single umbrella, the company offers a powerful and flexible solution for addressing the challenges of today’s industrial environment. With strong leadership, strategic support from TPG, and a clear focus on innovation, Velotic is well-equipped to drive meaningful advancements in industrial technology. As the industry continues to evolve, Velotic stands ready to help organizations unlock new levels of efficiency, productivity, and insight through its next-generation software solutions.
Source link:https://www.businesswire.com/
