ServiceMax, Inc., a provider of asset-centric field service management, has purchased LiquidFrameworks, a mobile field operations management company specializing in the energy industry. ServiceMax acquires the firm from Luminate Capital Partners, a private equity firm specialized in enterprise software companies.
LiquidFrameworks’ FieldFX is a cloud-based mobile field operations software suite designed to manage contracts, quotes, and field tickets for service companies. ServiceMax will incorporate FieldFX into its portfolio.
“Like all asset-centric industries, the oil and gas sector is adopting new digital systems aimed at maintaining assets, improving productivity, and growing revenue,” said Neil Barua, CEO of ServiceMax. “With the acquisition of LiquidFrameworks, ServiceMax is better positioned to meet those needs, while expanding our product portfolio and go-to-market channels.”
“The combination of two companies that have a longstanding history of field service management in the energy sector is exciting.” added Travis Parigi, CEO of LiquidFrameworks.