Velotic Launch Reshapes Industrial Software: AI-Driven Manufacturing Era Begins
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Velotic Launch Reshapes Industrial Software: AI-Driven Manufacturing Era Begins
The industrial automation landscape has just witnessed one of the most significant consolidations in recent memory. Velotic™ has officially launched as a new industrial software company, combining GE Vernova's former Proficy business with PTC's former Kepware and ThingWorx businesses. Backed by private equity giant TPG, this move represents a strategic power play in the rapidly evolving world of A
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The creation of Velotic isn't just another corporate merger, it's a calculated response to the fundamental transformation occurring in industrial automation. By bringing together Proficy's automation and production management expertise, Kepware's industrial connectivity leadership, and ThingWorx's industrial data and analytics applications, TPG has assembled a comprehensive software stack that addresses the entire manufacturing value chain.
This consolidation comes at a critical juncture. According to market analysis, the global industrial software market is forecasted to more than double from $21.6 billion in 2024 to $46.6 billion by 2029, growing at a remarkable CAGR of approximately 16%. The rapid adoption of AI, automation, and connected systems across industries is driving this expansion.
For automation engineers and PLC programmers, the Velotic launch signals several important trends:
The combination of Kepware's connectivity with Proficy's MES and ThingWorx's analytics creates a seamless data pipeline from shop floor to top floor
Velotic's stated focus on AI-driven manufacturing efficiency suggests deeper machine learning integration with PLC systems
Fewer but more comprehensive software providers means simplified procurement but potentially reduced competition
TPG's industrial software strategy has been building momentum for some time. The acquisition of GE Vernova's Proficy business for $600 million earlier this year, followed by the purchase of PTC's Kepware and ThingWorx businesses, demonstrates a clear vision: create an integrated portfolio of software solutions that addresses industrial customers' evolving connectivity and data needs.
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