# ServiceMax

ServiceMax is an Asset Manager based in Pleasanton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Pleasanton, United States
- **Region:** North America
- **Address:** Pleasanton, CA, United States
- **Assets under management:** Undisclosed
- **Website:** www.servicemax.com

## Regulatory record

- **Reports private funds:** No

## About

ServiceMax, headquartered in Pleasanton, California, was established in 2007. The company offers field service management solutions via cloud and mobile software. It has secured $284 million in total funding.

## Sectors

- Enterprise Software

## Questions

### Who controls investment decisions at ServiceMax?

ServiceMax is a product line within PTC, the publicly traded industrial software company. Strategic investment and resource allocation decisions are made by PTC's executive leadership and board, not by a separate family office or investment committee.

### How does ServiceMax source proprietary deal flow?

ServiceMax does not operate as an investment firm. It develops and sells software. Deal flow is not applicable; instead, PTC's corporate development group evaluates acquisitions of complementary software platforms.

### Does ServiceMax participate in fund commitments or direct investments?

No. ServiceMax is a product brand, not an allocator. PTC, its parent, makes strategic corporate acquisitions and R&D investments, but ServiceMax itself does not commit capital to external funds or direct deals.

### What investment stages does ServiceMax typically target?

ServiceMax does not invest in external companies. It markets its software to enterprises across multiple stages, from early adoption to global rollout.

### Which sectors does ServiceMax explicitly focus on?

ServiceMax targets asset-intensive industries: industrial equipment and heavy machinery, medical devices, electronics and high-tech, equipment dealers, oil & gas and energy, and building and construction (per the firm's website).

### How is ServiceMax related to PTC?

ServiceMax is a wholly owned product and brand of PTC, acquired by PTC in 2020. It operates as a business unit within PTC's software portfolio, with PTC handling corporate finance, strategy, and M&A.

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Last updated: 2026-06-03T20:00:00.000Z

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