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ServiceMax has agreed to merge with a special-purpose acquisition company in a deal that will take the maker of software for field-service technicians public, officials from the companies said.
The software company—whose current owners include private-equity firm Silver Lake, General Electric Co.
GE,
and the venture arm of business-software giant Salesforce.com
CRM,
—will merge with Pathfinder Acquisition Corp.
PFDR,
in a deal that values ServiceMax at about $1.4 billion. The companies expect to unveil the transaction later Thursday.
