Premium

Under New Leadership, ServiceMax To Dominate Field Services Space

Earlier this year, tech focused private equity firm Silver Lake completed its acquisition of ServiceMax. Just three years prior, the company was sold to GE Digital in a deal worth $915 million. That transaction marked GE’s larger focus on the high growth industrial Internet of Things space. It seems the massive opportunity in field services converging with IoT was just too irresistible that Silver Lake pounced on GE’s asset looking to execute on a bold agenda...