How ServiceMax hit $150M revenue and 400 customers in 2022.
ServiceMax is a cloud-based field service management software company that provides solutions for managing and optimizing field service operations. The company was founded in 2009 and is headquartered in Pleasanton, California. ServiceMax offers a range of tools and features to help companies manage their field service operations, including scheduling and dispatching, work order management, inventory and parts management, and reporting and analytics. ServiceMax serves a variety of industries, including manufacturing, healthcare, telecommunications, and energy. In 2016, ServiceMax was acquired by GE Digital, a subsidiary of General Electric, and it currently operates as a wholly-owned subsidiary of GE Digital.
2009
Founded
$150M
2022 Revenue
90.53%
YOY
$284M
Funding
ServiceMax Revenue
In 2022, ServiceMax revenue run rate hit $150M in revenue.
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2022
ServiceMax hit $150M in revenue in 2022
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2020
ServiceMax hit $53.4M in revenue in 2020
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2018
ServiceMax hit $26.3M in revenue in 2018
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2009
ServiceMax launched in 2009 with $0 revenue
ServiceMax Funding History
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2020 Venture Round
ServiceMax raised a Venture Round of in February, 2020
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2015 Series F
ServiceMax raised a Series F of in June, 2015
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2014 Series E
ServiceMax raised a Series E of in March, 2014
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2012 Series D
ServiceMax raised a Series D of in November, 2012
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2011 Series C
ServiceMax raised a Series C of in June, 2011
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2010 Series B
ServiceMax raised a Series B of in April, 2010
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2008 Series A
ServiceMax raised a Series A of in November, 2008
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| February, 24 2020 | Venture Round | ||
| June, 23 2015 | Series F | ||
| March, 04 2014 | Series E | ||
| November, 07 2012 | Series D | ||
| June, 08 2011 | Series C | ||
| April, 15 2010 | Series B | ||
| November, 04 2008 | Series A |
Team
ServiceMax has 552 total employees and 84 sales reps that carry a quota. They have 400 customers an engineering team of 250 and a marketing team of 20.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 552 |
| Engineer | 250 (45%) |
| Sales | 84 (15%) |
| Marketing | 20 (4%) |
Founder / CEO
Neil Barua
Neil Barua is the Chief Executive Officer of ServiceMax and a member of the Board of Directors. He has an extensive background in the technology industry and a proven track record of growing businesses. Previously, Neil was CEO of IPC Systems. During his tenure, he sold IPC and led a SaaS and data transformation of the company. Most recently, Barua served as an operating partner at Silver Lake, the global leader in technology investing. Earlier in his career, he was part of John Legere’s leadership team that helped transform Global Crossing through consistent growth.
Q&A
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What's your age?
46
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Favorite online tool?
Zync
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Favorite book?
The Jeffrey Imelt Book
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Favorite CEO?
Brad Smith Intuit
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Advice for 20 year old self
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Customers
Churn
ServiceMax Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Neil Barua | CEO | [email protected] | - |
ServiceMax Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Neil Barua | CEO | [email protected] | - |
Frequently Asked Questions about ServiceMax
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When was ServiceMax founded?
ServiceMax was founded in 2009.
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How much revenue does ServiceMax generate?
ServiceMax generates $150M in revenue.
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Who is the CEO of ServiceMax
The CEO of ServiceMax is Neil Barua.
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How much funding does ServiceMax have?
ServiceMax raised $284M.
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How many employees does ServiceMax have?
ServiceMax has 552 employees.
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Where is ServiceMax headquarters?
ServiceMax is headquartered at 4450 Rosewood Dr., Suite 200, Pleasanton, California, 94588, United States
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