Velotic Software

What Velotic Software does

Velotic Software is an industrial software company formed in March 2026 through the combination of GE Vernova's Proficy business and PTC's Kepware and ThingWorx businesses under the ownership of private equity firm TPG. Headquartered in Boston, Massachusetts, with 1,001–5,000 employees and more than $300 million in combined revenue, the company serves over 20,000 customers globally across manufacturing, oil & gas, utilities, and infrastructure sectors. Velotic is led by CEO Brian Shepherd and Executive Chairman James Heppelmann (former PTC CEO).

Name

Velotic Software

Legal name

Velotic

Website

https://velotic.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Velotic Software is a Boston-based industrial software company formed in 2026 by combining GE Vernova's Proficy and PTC's Kepware and ThingWorx businesses under TPG ownership, serving 20,000+ manufacturing, utilities, and infrastructure customers with HMI/SCADA, MES, and IIoT platforms.

Ownership category

akta.pro rank

Product category

Industrial Automation Software

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Industrial Automation Software (SCADA, HMI, MES, Historian) (IMAHAHAJ)

akta.pro secondary industries

SCADA/HMI Platforms (IMAGABAB), Industrial Data Platforms, Historian & MES/MOM Integration (IMAIAMAI)

Keywords

• Industrial automation software
• HMI/SCADA software
• Manufacturing execution systems
• Industrial connectivity software
• IIoT application platform

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Industrial Software Subscriptions: Annual and multi-year subscription contracts for Proficy, Kepware, and ThingWorx platforms delivering HMI/SCADA, MES, industrial connectivity, and IIoT capabilities to enterprise customers.
2. Software Licenses and Support: Software licensing model for industrial automation and IIoT platforms with associated support and maintenance services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Velotic Software provides industrial software platforms for manufacturers and infrastructure operators, combining high-performance HMI/SCADA, manufacturing execution systems (MES), industrial connectivity, and IIoT application development. The portfolio brings together the Proficy platform (originating from GE Vernova), Kepware industrial connectivity software, and ThingWorx IIoT platform (both originating from PTC) to deliver real-time operational visibility, OT-to-IT data integration, and digital transformation for enterprise industrial customers.

Product overview

Velotic offers a unified integrated portfolio combining three core industrial software platforms: Proficy (originating from GE Vernova), Kepware, and ThingWorx (both originating from PTC). The portfolio is organized as a platform-plus-modules architecture comprising high-performance HMI/SCADA and MES platforms (Proficy), industrial connectivity software (Kepware), and a rapid IIoT application development platform with industrial digital twin capabilities (ThingWorx). Together, these products enable real-time monitoring, optimization, and data-driven decision-making across manufacturing, oil & gas, utilities, and infrastructure sectors, serving 20,000+ customers globally. The company positions the integrated ecosystem as designed to connect systems, orchestrate data, and scale industrial operations across the enterprise with AI-powered capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Proficy®: High-performance HMI/SCADA software, modern MES platform, and industrial data historian capabilities for operational visibility and production insight.
• Kepware®
• ThingWorx®

Products and services

• Proficy Industrial operations platform for industrial teams to see, understand, and optimize operations, bringing together high-performance HMI/SCADA software (CIMPLICITY, iFIX), a modern MES platform (Smart Factory MES), and industrial data historian capabilities to deliver trusted visibility, contextualized production insight, and operational scale for efficiency, quality, and performance. Includes Operations Hub, Scheduler, and Industrial Analytics modules.
• Kepware Industrial connectivity software platform that securely connects machines, devices, and control systems to modern applications through universal industrial protocol conversion, enabling seamless OT-to-IT data integration, reducing data silos, and accelerating enterprise visibility. Comprises Kepware Server, Kepware Edge, and Kepware+ Manager.
• ThingWorx Rapid Industrial Internet of Things (IIoT) application development platform that transforms connected data into insight, applications, and outcomes through industrial digital twin orchestration, enabling remote operations and enterprise-wide performance improvement. Capabilities include IIoT Platform, Connectivity, Contextualization, Visualization, and Applications & AI.

Quantifiable outcome

• 20,000+ customers globally trust Velotic industrial software platforms
• +1 more outcomes

Named customers25 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• GE VernovacoreStrategic or Co-development Partner · 16 March 2026GE Vernova contributed its Proficy business (HMI/SCADA, MES, data historian) to form Velotic Software. GE Vernova maintains ongoing commercial relationships with Velotic for continued distribution and integration of Proficy products. The partnership provides access to GE Vernova's installed base and industrial customer relationships.
• PTCcoreStrategic or Co-development Partner · 16 March 2026PTC contributed its Kepware and ThingWorx businesses to form Velotic Software. PTC maintains ongoing commercial relationships with Velotic for continued distribution and integration of these products. The partnership provides access to PTC's global industrial software market presence and customer base.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• ABB: ABB Ability and System 800xA platform compete with Velotic's HMI/SCADA and industrial software offerings across process industries, utilities, and discrete manufacturing, with deep integration to ABB's automation hardware.
• Honeywell Forge: Honeywell's Forge industrial software and Experion Process Knowledge System (PKS) directly overlap with Proficy HMI/SCADA and MES offerings, particularly in process industries and utilities where Velotic also has reference customers.
• Schneider Electric: Schneider's EcoStruxure platform, combined with its AVEVA acquisition, spans industrial software, SCADA, MES, and IIoT — directly competing with Velotic across manufacturing, water/wastewater, and utilities.
• Siemens Digital Industries: Siemens' Opcenter and SIMATIC WinCC portfolios directly compete with Proficy (MES and HMI/SCADA) across discrete manufacturing and process industries, while SIMATIC and the broader Digital Industries business bundles hardware, software, and automation.
• Yokogawa Electric: Yokogawa's CENTUM DCS and Exaquantum historian directly compete with Proficy in process automation, particularly in oil & gas, chemicals, and power generation — verticals where Velotic also serves customers.

Direct peers

• Rockwell Automation: Rockwell's FactoryTalk suite (FactoryTalk View for HMI/SCADA, FactoryTalk ProductionCentre for MES, and Plex/Fiix analytics) competes head-to-head with Velotic across discrete manufacturing and consumer goods verticals.
• Aspen Technology (Emerson): Aspen Technology, now part of Emerson, provides industrial software for asset performance, process optimization, and MES — competing directly with Velotic in process industries and serving many of the same chemicals, oil & gas, and utility customers.
• Aveva Group: Aveva (now part of Schneider Electric) offers SCADA, MES, industrial analytics, and IIoT software for similar verticals including manufacturing, oil & gas, and utilities — making it one of the closest direct competitors to Velotic's combined Proficy/Kepware/ThingWorx stack.

Emerging players

• iBASEt: iBASEt's Solumina MES is a focused competitor to Proficy Smart Factory in complex discrete manufacturing and aerospace & defense — directly overlapping with Velotic's GE Aerospace and DuPont reference customers.
• Critical Manufacturing: Critical Manufacturing provides a modern, MES-centric platform competing with Velotic's Proficy Smart Factory, particularly in semiconductor, electronics, and other complex discrete manufacturing verticals.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/velotic-software

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Velotic Software