ServiceMax vs UpKeep
Side-by-side comparison of AI visibility scores, market position, and capabilities
PTC (NASDAQ: PTC) asset-centric field service platform acquired for $1.46B in 2023 at ~$160M ARR; IDC Manufacturing FSM Leader 2024 serving Siemens and GE Healthcare competing with Salesforce Field Service for industrial equipment service management.
About
ServiceMax is a Pleasanton, California-based field service management (FSM) platform — acquired by PTC Inc. (NASDAQ: PTC) in January 2023 for $1.46 billion, a strategic bet that field service software and industrial IoT would converge — providing asset-centric service management for manufacturers, utilities, and service organizations managing complex capital equipment through work order management, installed base tracking, preventive and predictive maintenance scheduling, spare parts logistics, and technician productivity tools. Operating with approximately $160 million ARR post-acquisition and serving customers including Siemens, GE Healthcare, and Philips, ServiceMax is positioned as a leader in the manufacturing and industrial field service management market, recognized as an IDC Leader in Manufacturing Field Service Management in 2024.
LA mobile-first CMMS for maintenance teams with field technician app serving Marriott, McDonald's, and Yamaha; $60M Insight Partners-backed competing with Fiix and MaintainX for industrial and facilities maintenance management.
About
UpKeep is a Los Angeles-based mobile-first maintenance management platform — backed with $60 million raised from Insight Partners, YC, 8VC, and others — providing CMMS (Computerized Maintenance Management System) software for facilities managers, maintenance technicians, and operations teams in manufacturing, facilities, hotels, restaurants, and field service industries to track work orders, manage assets, schedule preventive maintenance, and analyze maintenance performance. Founded in 2016 by Ryan Chan (who started UpKeep while working as a maintenance engineer and frustrated with desktop-only CMMS tools), UpKeep serves 3,500+ companies including Yamaha, Marriott, and McDonald's with mobile-first maintenance management.
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