We are pleased to report that GE Digital Systems (GE) has announced the acquisition of ServiceMax for approximately $945 million in cash consideration. Our partner, David Silverman, led Crosslink’s first investment in ServiceMax in November 2012, and he has served on its Board of Directors since that time. Crosslink invested a total of $19 million in the Company.
CEO, David Yarnold, has done an outstanding job building significant value for his customers, employees and his investors. Thank you to the ServiceMax team for all of their efforts. We wish them continued success in their next chapter of growth on the GE Digital Systems platform.
Read the full press release here.