ServiceMax Announce Q2 Results Alongside Management Changes

Sep 05, 2019 • ManagementNewsservicemaxFinance

Firm's largest customer deal swells Q2 figures while management changes are announced.

ServiceMax have revealed their Q2 financial results alongside changes to their leadership structure.

The company have announced the addition of new customers across a variety of industries for the quarter ended July 31, 2019, including the largest new customer deal closed in company history.

Year-to-date new customer wins include METRA, the largest and busiest commuter rail system outside the New York City metropolitan area; Exelon America’s leading clean energy provider; and additional large enterprise customers from medical devices, oil & gas, telecommunications, and industrial manufacturing industries.

The company have also announced changes to its executive leadership team structure with Mike Jerich joining as Chief Revenue Officer; Stacey Epstein stepping into a new role as Chief Marketing & Customer Experience Officer; Bettina Koblick joins as SVP of People and John Stetic has been promoted to the newly created position of SVP of Innovation and ISV Partnerships

Ashish Agrawal, SVP of Engineering, will continue to lead the product engineering, product security, and product support functions and Amit Jain, SVP of Product, will continue to lead to product management, product strategy. Simon Edwards, Chief Financial Officer, role will encompass IT and revenue operations and Bert Kaminski has joined the company as Chief Counsel. 

“I’m very pleased with our rapid growth this year and I’m incredibly excited by ServiceMax’s unique opportunity as the only pure play service execution vendor in the market,” said Neil Barua, CEO of ServiceMax. “I'm also thrilled to welcome new members to my leadership team as part of a strategic organizational structure that I’m confident will drive an increased focus on our customers and tighter alignment across our teams. Our number one priority is making every ServiceMax customer successful in their service transformation journey, enabling them to deliver unparalleled results.”