ServiceMax Acquires LiquidFrameworks

Luminate Capital Partners Makes Growth Investment in FMX

July 21, 2025

Cloud & SaaS

Luminate Capital Partners has made a strategic growth investment in Facilities Management Express (FMX), joining existing investor Five Elms Capital, which will retain a significant stake. The capital will be used to accelerate FMX’s product roadmap — including AI-based innovations — to expand its cloud-based facilities and asset management platform serving schools, municipalities and other commercial facilities.

Foundation Software Acquires AboutTime Technologies (WorkMax)

May 4, 2023

Software

Foundation Software, a provider of construction accounting and project management software, has acquired AboutTime Technologies, the developer of WorkMax — a mobile project cost and resource management platform for the construction industry. The deal combines AboutTime's field-to-office resource management capabilities with Foundation's back-office construction software to deliver a more integrated suite of solutions for contractors; terms were not disclosed.

JDM Technology Group Acquires AllMax Software

January 31, 2023

Software

JDM Technology Group has acquired Kenton, Ohio–based AllMax Software, a provider of wastewater, water, CMMS and pre-treatment operations & maintenance software. The transaction closed January 31, 2023 after approval from AllMax owners Russell and Patricia Maxwell; AllMax will join JDM's facility management software group and be led day-to-day by Randall Brous.

PTC Acquires ServiceMax for $1.46 Billion

November 17, 2022

Cloud & SaaS

PTC announced a definitive agreement to acquire ServiceMax, a cloud-native SaaS field service management provider, for approximately $1.46 billion in cash from an entity majority owned by Silver Lake. The acquisition is intended to extend PTC’s closed-loop PLM and digital thread capabilities into downstream enterprise asset management and field service management, and is expected to be accretive to PTC’s SaaS ARR and cash flow.

Long Arc Capital Makes Majority Investment in Agile Frameworks

May 4, 2021

Cloud & SaaS

New York-based growth private equity firm Long Arc Capital acquired a majority stake in Agile Frameworks, a Minneapolis-area provider of cloud-based SaaS for project workflow, data management and analytics serving the AEC industry. Braun Intertec, which founded Agile Frameworks and remains a major shareholder and customer, will continue as a material owner while the investment supports product and market expansion.

Luminate Capital Partners Acquires Majority Stake in LiquidFrameworks

January 10, 2019

Cloud & SaaS

Luminate Capital Partners, an enterprise software-focused private equity firm, has acquired majority control of LiquidFrameworks, the developer of the FieldFX quote-to-cash and field ticketing SaaS used across oilfield, industrial and environmental services. The investment will support LiquidFrameworks’ growth strategy, product development and expansion (including potential add-on acquisitions); financial terms were not disclosed.