Business
Velotic™ Launches to Shape Future of Industrial & Manufacturing Software
BOSTON, March 17, 2026--Velotic™ today announced its launch as a leading independent industrial software company, uniting multiple trusted platforms to advance a new era for industrial and manufacturing technology. The formation of Velotic coincides with the closings of TPG’s previously announced acquisitions of Proficy, the former manufacturing software business of GE Vernova, and PTC’s former industrial connectivity and Internet of Things (IoT) businesses. Backed by TPG, Velotic delivers a lea
About this update from Ge Vernova Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1238,"height":375,"url":"https://media.zenfs.com/en/business-wire.com/e9c02495a3793f1249df81d5697c8114"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ldSoLQfosFUGzZlIVHLo1Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI5MTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e9c02495a3793f1249df81d5697c8114","width":960,"height":291},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/JL9aXnHQ0ZvdQ8.7glqJfg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MjY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/e9c02495a3793f1249df81d5697c8114","width":1200,"height":363}},"lazy":false},{"type":"text","content":"Combining GE Vernova’s former Proficy business and PTC’s former Kepware and ThingWorx businesses, Velotic will provide new levels of AI-driven manufacturing efficiency, productivity, and data visibility","length":202,"tagName":"p","attribs":{}},{"type":"text","content":"Manufacturing software veteran Brian Shepherd named CEO, Former PTC CEO James Heppelmann named Executive Chairman","length":113,"tagName":"p","attribs":{}},{"type":"text","content":"BOSTON, March 17, 2026--(BUSINESS WIRE)--Velotic™ today announced its launch as a leading independent industrial software company, uniting multiple trusted platforms to advance a new era for industrial and manufacturing technology. The formation of Velotic coincides with the closings of TPG’s previously announced acquisitions of Proficy, the former manufacturing software business of GE Vernova, and PTC’s former industrial connectivity and Internet of Things (IoT) businesses. Backed by TPG, Velotic delivers a leading suite of data-driven solutions focused on improving processes by unlocking efficiency, enhancing productivity, and providing visibility across complex data and industrial operations.","length":704,"tagName":"p"},{"type":"text","content":"Velotic is purpose-built to meet the rapidly evolving productivity and data needs of manufacturing operators across the globe with a focus on creating next-generation, AI-powered industrial and manufacturing software solutions. By bringing together Proficy’s automation and production management expertise with Kepware’s industrial connectivity leadership and ThingWorx’s best-in-class industrial data and analyti...