About ServiceMax
ServiceMax is an Energy & Utilities company based in Pleasanton (United States) founded in 2007, and was acquired by PTC in November 2022. Cloud-based software is provided for field service and asset management. It operates in the Energy & Utilities and Technology sectors. ServiceMax has raised $308.76 million across 7 funding rounds from investors including Kleiner Perkins, PTC and General Electric. The company has 154 employees. ServiceMax has completed 2 acquisitions, including LiquidFrameworks and Zinc. Its website servicemax.com draws about 17 thousand monthly visits. Its Indian entity Servicemax Technologies (India) Private Limited reported revenue of ₹62.25 Cr. Its focus areas include Enterprise Applications, Field Force Automation, Oil Gas and Energy Field Services and Energy Tech. Its competitors include AspenTech, irth Solutions and SitePro; 2 of its 3 listed competitors have raised funding.
Company details
Cloud-based software provider for field force and asset management. The product offerings include Field Service Management, a mobile workforce management solution with features such as employee scheduling, work order management, real-time communication, dispatch management, job planning, etc. Asset Service Management, an industrial asset management software with features such as asset database, contractor management, preventive maintenance, parts returns management, etc.
- Headquarters Pleasanton, United States
- Employees 154
- Stage Acquired
- SectorsEnergy & UtilitiesTechnology
- Website servicemax.com
- Social LinkedIn X Facebook
- Acquired by PTC (Nov 2022)
- Legal Name Servicemax Technologies (India) Private Limited
- Date of Incorporation 20 Mar, 2007
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹62.25 Cr
FY 2024 · -9% YoY
- Indian entity net profit₹6.28 Cr
FY 2024 · 10% margin
- Indian entity EBITDA₹9.92 Cr
FY 2024 · 16% margin
- Total Equity Funding$308.76M (USD)
in 7 rounds
- Latest Funding Round$26.76M (USD), Series F
Apr 2022
- InvestorsKleiner Perkins
& 15 more
- Employee Count154
- Investments & AcquisitionsLiquidFrameworks
& 1 more
- Acquired by
Associated legal entities of ServiceMax
ServiceMax operates through Servicemax Technologies (India) Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Servicemax Technologies (India) Private Limited CIN U72200KA2007PTC042172 | Amalgamated | 20 Mar 2007 | Bangalore, Karnataka | ₹62.3 Cr | 154 | 2 | View details |
Funding Insights of ServiceMax
ServiceMax has successfully raised a total of $308.76M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $26.76 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $308.76M
- Total Rounds 7
- Last Round Series F — $26.76M
- First Round $8M
(Apr 2010)
- Investors Count 15
All 7 funding rounds of ServiceMax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $26.76M | Series F | – | – | – |
| Feb 2020 | $80M | Series F | – | Salesforce Ventures | – |
| Aug 2015 | $82M | Series F | – | Premji Invest | |
| Mar 2014 | $71M | Series E | – | Meritech, Kleiner Perkins | |
| Nov 2012 | $27M | Series D | – | Crosslink Capital | |
| Jun 2011 | $14M | Series C | – | Mayfield | |
| Apr 2010 | $8M | Series B | – | Trinity Ventures |
16 investors in total: 16 institutional.
Investors in ServiceMax
ServiceMax has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Kleiner Perkins, PTC and General Electric.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Support is offered to entrepreneurs in cloud business applications. | cloudappscapital.com | |||
Tech focused Early and growth stage VC firm investing in the US | emcap.com | San Francisco, United States | ||
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Private equity investments are directed toward US-based companies. | meritechcapital.com | Palo Alto, United States | ||
Private markets investment management with strategies in equity, credit, and secondary investments. | adamsstreetpartners.com | |||
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Expansion stage tech-focused VC firm investing primarily in the US | questm.com | Baltimore, United States | ||
Venture capital firm investing in early-stage technology and real estate companies. | trinityventures.com | |||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Venture capital firm focused on multiple sectors | sozoventures.com | Redwood City, United States |
Investor details for ServiceMax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Servicemax Technologies (India) Private Limited (ServiceMax)
Servicemax Technologies (India) Private Limited is the primary company behind ServiceMax. The board of Servicemax Technologies (India) Private Limited currently have 2 directors; the longest-serving is Nicholas Dhun Aspandiar, appointed in 2023. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nicholas Dhun Aspandiar DIN 08235431 | Director | 05 Jan 2023 | 3 yrs 10 mo | Servicemax Technologies (India) Private Limited |
| Aniket Amar Marathe DIN 07019596 | Director | 05 Jan 2023 | 3 yrs 10 mo | Servicemax Technologies (India) Private Limited |
People of ServiceMax
850 people are tracked at ServiceMax (314 in leadership, 10 in board & advisors, 526 in team); the tracked headcount is 154.
| Name | Role | Group |
|---|---|---|
Rick Gustafson | Ex-CFO | Leadership |
Walter Panza | Senior Sales Director, License Compliance Emeai, Latam. Advisory Services International | Leadership |
Joan Walsh | Director Customer Operations | Leadership |
Emily Abeling | Senior Director, Go-to-market Strategy | Leadership |
Vinod Palakkil | Senior Director Indirect Business ( Mid Market And Smb) | Leadership |
Pierre Yves Matthiau | Head Of International Growth Marketing | Leadership |
Ross Gilmour | Regional Vice President - Northern Europe | Leadership |
Dhirendra Kulkarni | Presales Senior Director | Leadership |
Amit Jain | Chief Strategy Officer | Leadership |
Melissa Viccione | Svp, Head Of Global Total Rewards | Leadership |
Pramod Gargate | Key Account Director | Leadership |
Daniel Spieß | Regional Director Customer Success Management | Leadership |
Carla Riney | Vice President Of Product Management | Leadership |
Brian Gordon | Senior Director Of Product Management | Leadership |
Oscar Ornelas | Vp, Chief Product Security Officer | Leadership |
Jeff Zemsky | Vice President Of Product Management | Leadership |
Kanisha Raina | Vice President Human Resources | Leadership |
Tal Halutsy | Director, Software Engineering | Leadership |
Holger Schmiedefeldt | Vice President, Sales And Customer Solutions | Leadership |
Ugo de Maio | Regional Director, Customer Success Management | Leadership |
830 more people are available in the full profile.
Complete people profiles for ServiceMax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ServiceMax
Figures of Servicemax Technologies (India) Private Limited, the primary company behind ServiceMax, for FY 2024. Revenue was ₹62.25 Cr (-9% year on year). Net profit was ₹6.28 Cr (10% margin). EBITDA was ₹9.92 Cr (16% margin). Revenue has grown at a compounded annual rate of +1% over three years and +2% over five years.
- ₹62.25 CrRevenue · FY 2024 · -9% YoY
- ₹6.28 CrNet profit · 10% margin
- ₹9.92 CrEBITDA · 16% margin
- ₹4 LakhPaid-up capital
- 154Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Servicemax Technologies (India) Private Limited are on its company page.
Detailed financial statements for ServiceMax
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by ServiceMax
ServiceMax has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LiquidFrameworks and Zinc.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Field management solutions for energy and environmental sectors are delivered. | liquidframeworks.com | Houston, United States | 2001 | Jul 2021 | $148M | |
Secure mobile messaging is offered for field workforce collaboration. | zinc.it | Pleasanton, United States | 2013 | Feb 2019 | •••• |
Complete acquisition details for ServiceMax
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
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Timeline of ServiceMax
8 dated milestones of ServiceMax across 15 years, from founding to its latest funding, stage changes and deals.
- Founded ServiceMax is founded.
- Funding First funding round of $8.0M.
- Exit Acquired by General Electric.
- Exit Acquired by Silver Lake.
- Acquisition Acquires Zinc.
- Acquisition Acquires LiquidFrameworks.
- Funding Latest funding round, Series F, of $26.8M.
- Exit Acquired by PTC.
Competitors of ServiceMax
ServiceMax has 3 listed competitors in our database, 2 of them funded. They include AspenTech, irth Solutions and SitePro.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aspentech.com | 1981 | Bedford, United States | $100M | 786 | AI-based software for manufacturing process optimization is offered. | |
| irthsolutions.com | 1985 | Columbus, United States | 66 | Cloud-based workforce management solutions are provided for infrastructure risks. | ||
| sitepro.com | 2012 | San Antonio, United States | $16.15M | 67 | Provider of cloud-based software solutions for water and wastewater management |
Detailed competitors of ServiceMax
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of ServiceMax
The website of ServiceMax (servicemax.com) receives about 17.3K visits a month.
- Monthly visits17.3K
Websites whose visitors overlap most with ServiceMax. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hindsitesoftware.com | 100% | 3.9K | #4,470,029 | View details | |
| clicksoftware.com | 90% | 14.5K | #790,189 | View details | |
| razorsync.com | 84% | 83K | #267,813 | View details | |
| aberdeen.com | 82% | 17.2K | #1,600,608 | View details | |
| intacinternational.com | 78% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for ServiceMax
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- 14 similar websites
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Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as ServiceMax (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Servicemax
Complete news archive for ServiceMax
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Frequently Asked Questions about ServiceMax
ServiceMax was founded in 2007 and raised its 1st funding round 3 years after it was founded.
ServiceMax is headquartered in Pleasanton, United States. It is registered at Pleasanton, California, United States.
ServiceMax is a funded company, having raised a total of $308.76M across 7 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on Apr 2010.
ServiceMax has 154 employees.
The primary company behind ServiceMax, Servicemax Technologies (India) Private Limited, reported revenue of ₹62.25 Cr for FY 2024, down 9% year on year.
Cloud-based software provider for field force and asset management. The product offerings include Field Service Management, a mobile workforce management solution with features such as employee scheduling, work order management, real-time communication, dispatch management, job planning, etc. Asset Service Management, an industrial asset management software with features such as asset database, contractor management, preventive maintenance, parts returns management, etc.
ServiceMax's top competitors include AspenTech, SitePro and irth Solutions.
ServiceMax has made 2 acquisitions, including LiquidFrameworks, and Zinc.
ServiceMax has 16 investors. Key investors include Kleiner Perkins, PTC, General Electric, Premji Invest, and Salesforce Ventures.
ServiceMax operates through Servicemax Technologies (India) Private Limited.
Yes. ServiceMax was acquired by PTC in November 2022.
The legal entities of ServiceMax currently have 2 directors, including Nicholas Dhun Aspandiar, Aniket Amar Marathe.