PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Parametric Technology Corporation (PTC)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

PTC Expands Existing Relationship with Strategic Investment in ServiceMax - Solidifies Commitment to Service Lifecycle Management (SLM) Marketplace - ServiceMax.com / PTC.com
PTC Expands Existing Relationship with Strategic Investment in ServiceMax

 

NewswireToday - /newswire/ - Needham, MA, United States, 2015/08/26 - Solidifies Commitment to Service Lifecycle Management (SLM) Marketplace - ServiceMax.com / PTC.com. NASDAQ: PMTC

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

PTC® today announced an investment in a Series F funding for its strategic partner ServiceMax, a leading provider of field service management solutions. The investment expands PTC’s relationship with ServiceMax, announced in May of this year, as well as furthers its ongoing commitment to the service lifecycle management (SLM) marketplace.

ServiceMax is a major provider of complete end-to end mobile and cloud-based technology for the field service management industry. ServiceMax creates solutions for the millions of people globally who install, maintain, and repair machines and other industrial assets across dozens of industries.

As announced earlier, PTC and ServiceMax have partnered to engage in joint development, marketing, and sales. PTC (ptc.com) is in the process of integrating its world-class Service Information and Parts Optimization solutions with ServiceMax’s powerful Field Service Management (FSM) solution. PTC is also integrating the combined solutions with its ThingWorx® application development platform to enable pervasive Internet of Things (IoT) connectivity, making possible remote, predictive, and proactive service, as well as outcome-based business models. Since the announcement, customers and industry analysts have commented favorably on the parties’ relationship.

This latest round of financing for ServiceMax is a co-investment led by Premji Investments, with participation from several other investors, including GE another PTC partner. ServiceMax has stated that it intends to use the financing to increase its sales and marketing efforts.

“Our strategic investment underscores the importance of our relationship with ServiceMax as well as PTC’s commitment to the SLM market,” stated Jim Heppelmann, president and CEO, PTC.

"We are excited and proud of our deepening relationship with PTC, as evidenced by this investment,” stated Dave Yarnold, CEO, ServiceMax. “We are helping customers around the world leverage their service organizations to drive growth. With 400 companies relying on ServiceMax as their mobile field service solution, we’ve clearly established ourselves as the global market leader. We’re thrilled to secure financing that will enable us to continue investing in this massive market opportunity and fuel the convergence of field service and the Internet of Things.”

PTC and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Parametric Technology Corporation (PTC)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


PTC Expands Existing Relationship with Strategic Investment in ServiceMax

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

PTC | ServiceMax
Publisher Contact: Beth Ambaruch - PTC.com 
952-435-5058 bambaruch[.]ptc.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Parametric Technology Corporation (PTC) securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Parametric Technology Corporation (PTC) / Company Profile


Read Software Most Recent Related Newswires:

Seven Real Estate Organizations Choose zipLogix™ as a Member Benefit Partner
Yardi Introduces RENTCafé Reach Advanced Property Marketing Services
Samsung and Mentor Expand Calibre DFM Offering for Mutual Customers
Pega Extends Cloud Choice Through Collaboration with Pivotal
PTC Creo Product Insight Offers the Power of the IoT for Product Design
IBM Platform Deployed by Sidra to Advance Qatar’s Biomedical Research Capabilities
Whelen Engineering Company Partners with Infor to Support Digital Transformation
Mentor Automotive Extends Test Platform Portfolio for Automotive Audio Bus
Hitachi to Deliver New Mainframe Based on IBM z Systems in Japan
The Oxford Partnership Decreases Storage Space by 75% with NAKIVO
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D Printers
AS ONE Leverages Oracle Database Cloud to Publish Inventory Data to 4,300 Dealers in Real Time
Noble Systems Focuses on Customer Service at ICMI 2017
UK Medical Device Manufacturer Transforms Business Performance and Profitability with NetSuite Cloud ERP
IBM Launches Accelerator Program to Kickstart Blockchain Adoption for Enterprises

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit MagLar, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)