General Electric Acquires ServiceMax for $915,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa5df345-e8c0-4c63-902f-fa4b12212e05
Date
11/15/2016
Company Name
ServiceMax
Mailing Address
3875 Hopyard Rd. Pleasanton, CA 94588 USA
Company Description
ServiceMax is the complete field service software solution helping companies of all sizes manage contracts, scheduling, and parts, while also providing solutions for social, portals, and analytics — all delivered in the cloud to any mobile device.
Website
http://www.servicemax.com
Transaction Type
M&A
Transaction Amount
$915,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The acquisition provides GE Digital with enhanced capabilities to advance its Industrial Internet vision, enabling customers to immediately gain more value from their assets and find greater efficiency in their field service processes. Additional financial terms were not disclosed.