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PTC To Acquire ServiceMax To Bolster Field Service Management
Summary
PTC’s proposed acquisition of ServiceMax, which in 2019 was sold by its parent company General Electric to private equity firm SilverLake, is subject to regulatory approval, and is slated to close in early January 2023. ServiceMax is PTC’s second acquisition this the year, following its May purchase of Intland, developer of the Codebeamer application life-cycle management (ALM) cloud-ready software product suite. However, PTC President and CEO Jim Heppelmann said in a statement that the acquisition of ServiceMax will be a key part of his company’s closed-loop PLM strategy. “The PLM capabilities PTC has long offered to engineering and manufacturing departments provide the system of record for the digital definition of any product configuration. ServiceMax will complement this by providing the system of record for monitoring and servicing product instances after they leave the factory and move into customer use,” Heppelmann said.
Classifications
Core Activities
Computer Aided Design (CAD)
PLM Software
Field Service Management
Field Services Management
Product Lifecycle management
Vertical-Industries
Services
Horizontal-Applications
Engineering & Scientific
ERP & Process Management
Facilities Management
Sales and Marketing
Order Management Software
Security
ERP
Networking and Cloud