Founded Year

2007

Stage

Private Equity | Alive

Total Raised

$286M

Last Raised

$80M | 2 yrs ago

Mosaic Score

+30 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About ServiceMax

ServiceMax offers a complete suite of cloud-based, social, and mobile field service applications that help companies to manage contracts, scheduling, and parts. The company serves life sciences and medical equipment, industrial manufacturing and equipment, residential and commercial services, high-tech manufacturing, communications equipment, energy and utilities, and oil and gas industries. The company was founded in 2007 and is based in Pleasanton, California.

ServiceMax Headquarter Location

4450 Rosewood Dr #200

Pleasanton, California, 94588,

United States

925-965-7859

ServiceMax's Product Videos

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ServiceMax's Products & Differentiation

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  • Asset 360 for Salesforce

    Built on standard Salesforce data objects and leveraging its inherent platform capabilities, Asset 360 adds deep asset-centric functionality and automation to the Salesforce platform - wrapped in a modern application layer where ServiceMax’s industry expertise shines through. Asset 360 delivers complete visibility into assets in the field so companies can maximize asset performance. This enables service organizations to shift to outcome-based business strategies that propel their business forward in an age where service is a leading differentiator.

    Differentiation

    ServiceMax has taken our asset-centric expertise (honed by the delivery of Core over many years), and enhanced the Salesforce Field Service solution with asset-centric visibility, capabilities and c… 

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    Differentiation

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

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    Differentiation

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Research containing ServiceMax

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ServiceMax in 4 CB Insights research briefs, most recently on Feb 9, 2022.

Expert Collections containing ServiceMax

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ServiceMax is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

501 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

Latest ServiceMax News

09:00 EDT New Research from Harvard Business Review Analytic Services, Sponsored by ServiceMax, Underscores the Critical Role an...

May 19, 2022

News provided by Share this article Share this article For Organizations that Manufacture, Manage, and Service Critical Assets, Unifying Business Functions Through a Common Digital Thread Can Enable New Revenue Streams and Elevated Customer Experiences PLEASANTON, Calif., May 19, 2022 /PRNewswire/ -- As organizations move forward with digital transformation initiatives, migrating to an asset-centric model can deliver greater value in terms of customer experience and increased revenue streams, according to new research conducted by Harvard Business Review Analytic Services in association with ServiceMax , a leader in asset-centric field service management software. Organizations that are leading in digital transformation are seizing the opportunity to establish asset-centricity as a core organizing principle of their initiatives. This approach enables the entire organization to collaborate, leading to increased benefits across the lifecycle of assets, like industrial equipment, parts, devices, or instruments. The global study, Refining Digital Transformation through Asset Centricity , was developed through interviews with subject matter experts, business leaders, and academics. Researchers explored the market factors and customer expectations driving digital transformation across organizations with equipment and assets, as well the definition of an asset-centric, life-cycle approach enabled by service. The study also explains why service is the best place to enable asset-centricity and outlines the experiences and best practices of leading service firms and industry experts in optimizing their transformations. "In addition to reinforcing the importance of an asset-centric approach to digitization, the research also highlights where many initiatives fall short," said Neil Barua, Chief Executive Officer at ServiceMax. "Organizations that start digitization efforts with their current business models in mind, can perpetuate silos already built into their operations, which hamper innovation. As outlined in the report, taking a more collaborative, end-to-end approach can help organizations innovate faster, better meet customers' increased appetites for outcome-based models, and even meet evolving sustainability requirements." The report highlights four key areas organizations should focus on to ensure the efficacy and long-term impact of their asset-centric digital transformation efforts: Understanding the Asset-centric Approach Advancing Service Organizations to Adopt Asset-centric Practices Executing Change Management One organization already seeing results from an asset-centric approach is Schneider Electric, a global specialist in energy management and automation based in Rueil-Malmaison, France. Schneider began its business transformation in service 10 years ago. The company started by launching a major initiative to capture data about the installed base: the type of product, condition, voltage, service history, warranty status and other information about the asset and the customer. Using this data, Schneider was able to quickly move beyond initial benefits to the service organization, such as improving first-time fix rates, to generating revenue by extending a warranty or proposing an upgrade or new service line. Additionally, Schneider found that asset data is fueling progress toward the company's sustainability goals. Servitization is another outcome that often stems from transformation initiatives, whereby organizations evolve from offering products alone to adding as-a-service offerings, like equipment, products, or machines-as-a-service. The concept is that products are becoming commoditized, and the future lies in innovating with services wrapped around products, particularly advanced services. At the core, advanced services help organizations understand customer value, specifically attached to the assets those customers use. Leveraging insights derived from these assets to shape customer experiences and outcomes enables an organization to develop longer-term relationships with their customers. The deeper the understanding of a particular customer and its unique use cases, goals, and metrics, the more precisely the entire organization can tailor the value proposition, from the products they design, to the deals they structure, to the type of service model that works best for them. "Organizations that manufacture and service assets often view digital transformation as an initiative to help satisfy evolving customer expectations and foster new revenue streams. But to truly be effective, digitization must be part of a larger reorientation of business models like adding services, improving product development cycles, or driving greater sustainability, wrapped around those assets," said Alex Clemente, Managing Director of Analytic Services. "Moving the organization toward an asset-centric model is how they can successfully deliver these new offerings. Service teams are a great place to start, because of their experience with the transition and their frontline role with both the asset and the customer." The full Harvard Business Review Analytic Services report can be accessed here . About ServiceMax ServiceMax's mission is to help customers keep the world running with asset-centric field service management software. As a recognized leader in this space, ServiceMax's mobile apps and cloud-based software provide a complete view of assets to field service teams. By optimizing field service operations, customers across all industries can better manage the complexities of service, support faster growth, and run more profitable, outcome-centric businesses. For more information, visit  www.servicemax.com . About Harvard Business Review Analytic Services Harvard Business Review Analytic Services is an independent commercial research unit within Harvard Business Review Group, conducting research and comparative analysis on important management challenges and emerging business opportunities. Seeking to provide business intelligence and peer-group insight, each report is published based on the findings of original quantitative and/or qualitative research and analysis. Quantitative surveys are conducted with the HBR Advisory Council, HBR's global research panel, and qualitative research is conducted with senior business executives and subject matter experts from within and beyond the Harvard Business Review author community. For more information, visit www.hbr.org/hbr-analytic-services . SOURCE ServiceMax

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  • When was ServiceMax founded?

    ServiceMax was founded in 2007.

  • Where is ServiceMax's headquarters?

    ServiceMax's headquarters is located at 4450 Rosewood Dr, Pleasanton.

  • What is ServiceMax's latest funding round?

    ServiceMax's latest funding round is Private Equity.

  • How much did ServiceMax raise?

    ServiceMax raised a total of $286M.

  • Who are the investors of ServiceMax?

    Investors of ServiceMax include Salesforce Ventures, Silver Lake, General Electric, Sharespost, Emergence Capital and 16 more.

  • Who are ServiceMax's competitors?

    Competitors of ServiceMax include IFS, FieldAware, ClickSoftware, SAP, Oracle and 8 more.

  • What products does ServiceMax offer?

    ServiceMax's products include Asset 360 for Salesforce and 4 more.

  • Who are ServiceMax's customers?

    Customers of ServiceMax include Eastman Kodak, Kodak Alaris, Lowry Solutions and Ceda.

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