In this episode, we take a grounded look at TPG’s acquisition of Kepware and ThingWorx from PTC — and what it could mean for the industrial software world. Beyond the headlines, it’s a story about the shifting landscape of IIoT platforms, edge connectivity, and the growing pressure for vendors to simplify their ecosystems. We discuss why this move matters, how it could affect existing users, and what it signals about the future of industrial data integration. It’s a thoughtful take — less speculation, more context — for anyone curious about how ownership changes like this can reshape the tools that factories rely on every day. For more detailed insights and field reflections, visit iiotblog.com.