ServiceMax Acquire Zinc

Feb 27, 2019 • NewsMergers and AcquisitionsGeneral Electric DigitalScott bergservicemaxSoftware

Acquisition follows Silver Lake's recent majority stake purchase of ServiceMax from GE in December.

Communication platform Zinc has been acquired by ServiceMax, the cloud-based field-service management firm for an undisclosed sum.

The deal follows ServiceMax's parent company, GE, selling a majority stake in the firm to private equity firm Silver Lake at the end of last year, and comes almost two years after GE's $915mn acquisition of ServiceMax in January 2017.

Aly Pinder, ServiceMax's Programme Director of Service Innovation and Connected Products, IDC said: “The ability of ServiceMax and Zinc to immediately surface tribal knowledge in-context not only aids in solving the task at hand on a work order, this integrated solution can also lead to significant improvements in customer experience, as well an enhanced ability to help acquire and engage talent for these critical customer-facing roles.”

Stacey Epstein, Zinc CEO added: “The perfect combination of Zinc’s modern, real-time communication with ServiceMax’s cutting edge and comprehensive suite will be unparalleled in the market, and I am thrilled to continue to help companies realise the promise of complete Service Execution Management.”

ServiceMax CEO Scott Berg, told diginomica that Zinc's real-time communication software will compliment their own platform, and lead to potential transaction-led benefits for customers. "Picture a world where those service engineers in a company could deploy this," he said, "and the first thing they start to do is communicate in real-time, starting to build those knowledge networks. Potentially then, phase two, they start deploying some of the more transaction-led capabilities…the handling of contracts, parts, work orders, and scheduling that they get with ServiceMax.” 

You can read Field Service News' recent interview with ServiceMax CEO Scott Berg here.