GE Digital snags ServiceMax for $915 million

GE headquarters in Boston GE Digital announced today it was buying ServiceMax, a cloud-based field service management company, for $915 million. GE Ventures had been an investor in the company as part of the $82 million Series F round in 2015. The two companies have more in common than you might think. GE is building the Predix Platform, on top of which it hopes companies will build applications that take advantage… Read More Continue reading GE Digital snags ServiceMax for $915 million

Pivotal scores $253 million Series C led by Ford on hefty $2.8 billion valuation

ford-edge Pivotal has a couple of new friends with big wallets. Today it announced that Ford and Microsoft were joining EMC, VMware and GE as investment partners on a massive $253 million Series C investment with a whopping $2.8 billion valuation. It’s not a coincidence that Pivotal has been working closely with Ford over the last year to help it in its own transformation from a car company to… Read More Continue reading Pivotal scores $253 million Series C led by Ford on hefty $2.8 billion valuation