IT companies waiting an additional 23 days to be paid for completed work.
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Jan 27, 2020 • News • management • Finance
IT companies waiting an additional 23 days to be paid for completed work.
Sep 05, 2019 • Management • News • servicemax • Finance
Firm's largest customer deal swells Q2 figures while management changes are announced.
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 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.”
Aug 02, 2019 • News • Artificial intelligence • Software and Apps • Augmentir • Finance
Augmented Software provider garners funds for its AI-based augmented worker platform.
Augmented Software provider garners funds for its AI-based augmented worker platform.
Augmentir has announced the closure of an oversubscribed funding round. The round was led by Pritzker Group Venture Capital, with participation from Lerer Hippeau, current investors, and HOLT Ventures, the strategic venture capital arm of HOLT CAT.
"The closing of this round with the participation of these leading venture capital firms further validates our unique AI-first approach to improving the productivity of frontline workforces," said Russ Fadel, Co-founder and CEO of Augmentir. "This funding will enable us to expand our global footprint, further increase the functionality of the platform, and make it even more accessible to companies across the small, mid-sized and large spectrum, and we look forward to reaching even more companies while defining the future of work."
Ty Findley, Vice President at Pritzker Group Venture Capital, added, "With our thematic focus on Industry4.0, we are excited to be working with a company that is accelerating the industrial sector evolution using AI and AR to support frontline workers. From founding efforts at Wonderware, Lighthammer, and ThingWorx, the Augmentir team has a proven track record and domain experience delivering software innovation to the manufacturing and industrial market, and we are eager to participate as Augmentir continues to shape the frontline workforce of the future."
"We are excited to be working with Augmentir and believe that the platform provides our Caterpillar dealership with the opportunity to standardize our workflow across multiple operations in order to deliver improved consistency to our customers," added Meg Paulus, Partner at HOLT Ventures. "Augmentir's AI engine will help us gain better real-time and global insights to our operations to drive increased efficiency and technician training and enablement throughout our territory which spans from the Red River to the Rio Grande."
This latest round of funding will allow Augmentir to further expand its reach in the industrial sector, including oil and gas, mining, field service, and manufacturing industries, and continue to provide solutions that will shape the future of the industrial workforce. The company is the first to deliver an "AI-first" enterprise platform for the industrial sector that combines augmented reality (AR) with artificial intelligence and machine learning (AI/ML). Augmentir's Augmented Operations™ platform allows industrial companies to support their frontline workforce with augmented procedures and step-by-step work instructions, remote assistance capabilities, and drive continuous improvement through AI-driven insights.
Augmentir has announced the closure of an oversubscribed funding round. The round was led by Pritzker Group Venture Capital, with participation from Lerer Hippeau, current investors, and HOLT Ventures, the strategic venture capital arm of HOLT CAT.
"The closing of this round with the participation of these leading venture capital firms further validates our unique AI-first approach to improving the productivity of frontline workforces," said Russ Fadel, Co-founder and CEO of Augmentir. "This funding will enable us to expand our global footprint, further increase the functionality of the platform, and make it even more accessible to companies across the small, mid-sized and large spectrum, and we look forward to reaching even more companies while defining the future of work."
Ty Findley, Vice President at Pritzker Group Venture Capital, added, "With our thematic focus on Industry4.0, we are excited to be working with a company that is accelerating the industrial sector evolution using AI and AR to support frontline workers. From founding efforts at Wonderware, Lighthammer, and ThingWorx, the Augmentir team has a proven track record and domain experience delivering software innovation to the manufacturing and industrial market, and we are eager to participate as Augmentir continues to shape the frontline workforce of the future."
"We are excited to be working with Augmentir and believe that the platform provides our Caterpillar dealership with the opportunity to standardize our workflow across multiple operations in order to deliver improved consistency to our customers," added Meg Paulus, Partner at HOLT Ventures. "Augmentir's AI engine will help us gain better real-time and global insights to our operations to drive increased efficiency and technician training and enablement throughout our territory which spans from the Red River to the Rio Grande."
This latest round of funding will allow Augmentir to further expand its reach in the industrial sector, including oil and gas, mining, field service, and manufacturing industries, and continue to provide solutions that will shape the future of the industrial workforce. The company is the first to deliver an "AI-first" enterprise platform for the industrial sector that combines augmented reality (AR) with artificial intelligence and machine learning (AI/ML). Augmentir's Augmented Operations™ platform allows industrial companies to support their frontline workforce with augmented procedures and step-by-step work instructions, remote assistance capabilities, and drive continuous improvement through AI-driven insights.
Jul 30, 2019 • Software & Apps • News • IFS • report • Finance
2019 figures shows revenue guidance increase equivalent to $711 million, representing 20% year-on-year growth.
2019 figures shows revenue guidance increase equivalent to $711 million, representing 20% year-on-year growth.
IFS has announced its financial results for the second quarter and first half of 2019 that ended June 30, boasting a 20% YOY growth and a revenue guidance increase of 6.35 billion SEK (equivalent to US $711 million).
The upturn can in part be attributed to a number of significant deals in the first half of 2019 which have been chalked up as some of the biggest in the firm's history.
IFS Chief Executive Officer, Darren Roos suggested the firm are now looking beyond these results, commenting: “IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.”
IFS has announced its financial results for the second quarter and first half of 2019 that ended June 30, boasting a 20% YOY growth and a revenue guidance increase of 6.35 billion SEK (equivalent to US $711 million).
The upturn can in part be attributed to a number of significant deals in the first half of 2019 which have been chalked up as some of the biggest in the firm's history.
IFS Chief Executive Officer, Darren Roos suggested the firm are now looking beyond these results, commenting: “IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.”
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