M&A Deal Summary

ServiceMax Acquires LiquidFrameworks

On July 15, 2021, ServiceMax acquired internet software and services company LiquidFrameworks from Luminate Capital Partners

Acquisition Highlights
  • This is ServiceMax’s 1st transaction in the Internet Software and Services sector.
  • This is ServiceMax’s 2nd transaction in the United States.
  • This is ServiceMax’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-07-15
Target LiquidFrameworks
Sector Internet Software and Services
Buyer(s) ServiceMax
Sellers(s) Luminate Capital Partners
Deal Type Add-on Acquisition
Advisor(s) AGC Partners (Financial)
Kirkland & Ellis (Legal)

Target

LiquidFrameworks

Houston, Texas, United States
LiquidFrameworks is a provider of cloud-based, mobile field operations management solutions serving the oilfield, industrial and environmental services industries. LiquidFrameworks was founded in 2001 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

ServiceMax

Pleasanton, California, United States

Category Company
Founded 1999
Sector Software
DESCRIPTION

ServiceMax is a provider of field services management software solutions for technicians and offers complete end-to-end mobile and cloud-based technology for the sector. ServiceMax was founded in 1999 and is based in Pleasanton, California.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Zinc

San Francisco, California, United States

Zinc, Inc. provides a frictionless way for deskless workers to get the knowledge they need in real-time. Zinc’s all-mode communication platform enables field teams to connect with ease and speed, while also allowing corporate teams to deliver alerts and share knowledge to the field. Zinc, Inc. was founded in 2013 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco, California.


DEAL STATS #
Overall 6 of 7
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Texas M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Compliance & Risks

Cork, Ireland

Compliance & Risks is a provider of market access and product compliance SaaS solutions. The company’s solutions enable the effective monitoring and management of product requirements, regulations and standards allowing companies to sell globally in their chosen markets. Compliance & Risks was founded in 2002 and is based in Cork, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Ease

San Clemente, California, United States

Ease is a SaaS platform that automates plant floor audits, inspections, and data collection for manufacturers, replacing manual, paper-based processes with digital workflows. Ease was founded in 1986 and is based in San Clemente, California.

Buy -