Velotic™ Launches to Shape Future of Industrial & Manufacturing Software | TPG
Summary
Velotic launched as an independent industrial software company by uniting GE Vernova's former Proficy business with PTC's former Kepware and ThingWorx under TPG ownership. The company will deliver AI-focused, hardware-agnostic platforms to improve manufacturing efficiency, productivity, and operational visibility. Brian Shepherd will serve as CEO and James Heppelmann as Executive Chairman, and the combined business reports more than $300 million in revenue. Proficy, Kepware, and ThingWorx will remain distinct product lines within Velotic's portfolio as the company pursues AI-enabled industrial and manufacturing software solutions.
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Manufacturing Industry
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Manufacturing Software
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