Crosslink Capital Logo

The Heartbeat of Private Equity and Venture CapitalCrosslink Pulse

Tag Archives: ServiceMax

GE Digital purchases ServiceMax to Extend their Platform

| November 15, 2016

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.

Field Service Software Developer ServiceMax Raises $71M From Kleiner Perkins, Meritech Capital

| March 4, 2014

Startup ServiceMax, a company that develops field service software, has raised $71 million in Series E funding led by Meritech Capital and Kleiner Perkins with Cross Creek Advisors, QuestMark Partners, and… Read More »

Follow Us