News Exclusive | Salesforce, Silver Lake Pump Money Into ServiceMax

General News

Summary

A software company backed by Silver Lake is receiving a new infusion of capital from the private-equity firm and the venture arm of business-software giant Salesforce.com Inc. ServiceMax, a maker of software used by field-service technicians in a number of sectors, is getting an $80 million investment led by Salesforce Ventures and Silver Lake, ServiceMax said Monday. It plans to use the money to deepen product development and improve the customer experience in manufacturing, medical-devices, energy, heavy-equipment and other...

AskAI Classifications

Sectors
Manufacturing Industry ERP for Manufacturing
Functions
ERP and Process Management PLM Software Sales and Customer Experience

Linked Companies

ServiceMax Software
$50M to $100M
Salesforce
$1B+