ServiceMax

ServiceMax — software developer, extended on cloud model. The company offers systems on work with clients and maintenance on places. By means of such solutions it is possible to make service and repairs of the equipment at the enterprises of the customer, to create new works orders and to manage the diagram of carrying out repair of equipment. By November, 2016 ServiceMax attracted in total more than $200 million investments.

2018: Silver Lake buys ServiceMax

In December, 2018 it was announced sale of a 90 percent share of ServiceMax to Silver Lake fund for the price which does not reveal.

2016: General Electric buys ServiceMax for $915 million

On November 14, 2016 General Electric announced purchase of ServiceMax for $915 million. Thanks to this acquisition the American electrotechnical concern expects to expand digital business and services of maintenance of the equipment.

It is going to close the transaction by January, 2017. After accomplishment of all formalities concerning ServiceMax sale, this company will be integrated with software division of the buyer — GE Digital.

General Electric buys cloud company ServiceMax for development of service business

Having absorbed ServiceMax, General Electric will be able to automate and digitize processes of service of heavy machinery, Bloomberg tells the statement of concern.

It is no secret that service revenue occupies the most part of our income and is a key part of our success — the head of GE Digital Bill says Rukh (Bill Ruh). — We refuse paper work for benefit of where everything becomes completely automated. Services turn into a principal component of digital economy.

The agency notes that General Electric invests in software business and tries to position itself as the "industrial digital company" making the equipment equipped by numerous sensors for increase in productivity. Earlier the corporation sold the most part of the financial and consumer business, having focused on such industries as power and aircraft.^[1]

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