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CUPERTINO, CA -- (Marketwired) -- 02/26/15 -- ParStream, the IoT Analytics company, today announced it has partnered with ThingWorx, a PTC business, provider of the ThingWorx application development platform for the Internet of Things. ParStream joins the ThingWorx partner ecosystem as a ThingWorx Ready™ partner.

ThingWorx offers an innovative IoT platform for rapidly developing and deploying applications to realize the opportunity and value presented in a smart, connected economy. With ParStream as a partner, ThingWorx customers can benefit from a proven IoT analytics solution that provides outstanding performance and speed.

"We're excited to have ParStream and their innovative analytics solution as part of the ThingWorx partner ecosystem," said Chris Kuntz, Vice President, Ecosystem Programs, ThingWorx. "By integrating ParStream's offering with the ThingWorx IoT platform and making it available through the ThingWorx Ready program, companies can leverage the solution to make better, faster decisions, by applying analytics to extract value from their IoT data."

ParStream's IoT Analytics Platform empowers companies in key industries, including manufacturing, telecommunications, telematics, and renewable energy, to analyze streaming and historical data faster to make better decisions on actionable intelligence. The crux of its analytics platform is the patented ParStream DB Database, a massively parallel processing columnar database with a shared nothing architecture that allows billions of rows of data to be analyzed with sub-second response times.

"We look forward to working with ThingWorx to help address the demands of IoT," stated ParStream CEO, Peter Jensen. "ParStream has always been focused on helping companies generate timely, actionable insights from IoT data, and our collaboration with ThingWorx presents new opportunities to increase the acceleration of our customers' success."

ThingWorx Ready™ Partner Program
ThingWorx Ready™ partners provide a wide variety of products throughout the entire IoT value chain -- from software systems and cloud platforms to smart sensors, devices, gateways and machines that make the connected world a reality. The ThingWorx Ready Partner program allows hardware and software companies to pre-integrate their product with the ThingWorx rapid application development platform, greatly simplifying the creation and deployment of IoT solutions. These companies provide a wide variety of products throughout the entire connected world value chain -- from software systems and cloud platforms to smart sensors, devices, gateways and machines. Becoming ThingWorx Ready enables end customers to reduce the cost and risk of Internet of Things deployments, helping accelerate the growth of the overall space.