Quickie: Rockwell completes Kalypso acquisition
Rockwell Automation just completed the acquisition of Kalypso that it announced back in February. Kalypso is a PLM consultancy that often works with PTC products; Rockwell bought $1 billion of PTC’s shares and is a deeply embedded PTC partner for the smart factory. As they said at the time all of that was announced, PTC and Rockwell planned to “combine PTC’s award-winning ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms with Rockwell Automation’s FactoryTalk MES, FactoryTalk Analytics, and Industrial Automation platforms”.
CEO Jim Heppelmann said on PTC’s earnings call last week that, with “Rockwell, we had some great wins. Rockwell has taken us into some amazing new accounts and I’ll let them speak about their accounts.”
Why do Rockwell and PTC need Kalypso? Because its “deep roster of experienced consultants and technologists, expertise across the digital value chain and established customer base in key growth sectors will enable us to further accelerate our customers’ Connected Enterprise journey and support Rockwell Automation’s strategic objective of continued double-digit growth in Information Solutions and Connected Services,” said Frank Kulaszewicz, Senior Vice President, Control Products & Solutions at Rockwell Automation back in February
Terms of the deal were not disclosed.