TPG closes acquisitions of GE Vernova’s Proficy and PTC’s Kepware and ThingWorx to form Velotic

Reuters03-17

TPG closes acquisitions of <a href="https://laohu8.com/S/GEV">GE Vernova</a>’s Proficy and PTC’s Kepware and ThingWorx to form Velotic

TPG completed its acquisitions of Proficy from GE Vernova and Kepware and ThingWorx from PTC, combining the assets into a new independent industrial software company called Velotic. Velotic will operate Proficy, Kepware, and ThingWorx as distinct product lines under a single organization. Brian Shepherd was appointed CEO, and former PTC CEO James Heppelmann was named executive chairman. Velotic reported more than 300 million in revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPG Inc. published the original content used to generate this news brief on March 17, 2026, and is solely responsible for the information contained therein.

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