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Chesco apps firm raises $5 million

ThingWorx, a Downingtown "applications platform", is backed by Safeguard Scientifics

ThingWorx, a Downingtown "applications platform" tool provider for smartphone and other computer device systems, says it's raised $5 million from Safeguard Scientifics, of Wayne, and other investors.
Founder Russell Fadel (ex of Lighthammer Software, now part of SAP AG) cites IBM's and McKinsey's "Internet of Things" model (a global linking of data and devices) as inspiration.