Emergence Capital to invest $2 Million in Maxplore Financing innovation, not infrastructure, in the age of Cloud Computing
SAN FRANCISCO, Nov. 3 /PRNewswire-FirstCall/ -- Dreamforce User Conference
-- Salesforce.com (NYSE: CRM), the enterprise cloud computing company, and
Emergence Capital Partners, a leading venture capital firm that specializes in
investing in technology-enabled services companies and Software as a Service,
today announced that Maxplore has been named the winner of the Force.com
$1 Million Challenge. Emergence Capital intends to invest $2 million in
Maxplore subject to closure of the transaction. Maxplore is the provider of
ServiceMax, a comprehensive on demand service chain and field service
management solution. Built and delivered as a 100% Force.com native
application, ServiceMax helps customers drive all aspects of post-sales
service delivery.
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"The Force.com platform allowed us to build and deliver a field service
application suite much faster than is possible with client/server or other
SaaS architectures," said Sam Mukherjee, Co-Founder and CEO, Maxplore.
"Marketing through the Force.com AppExchange has enabled companies of all
sizes around the world to find Maxplore. We now have customers using
ServiceMax to support their global operations. The investment from Emergence
Capital will allow us to expand our sales and marketing efforts to accelerate
new customer acquisition."
"The future of software is in the cloud. It presents a tremendous
opportunity for entrepreneurs to develop high impact solutions that address
the needs of consumers and businesses," said Jason Green, general partner,
Emergence Capital. "Salesforce.com continues to pave the way for innovation
through Force.com and the AppExchange."
"Maxplore is a showcase example of how to leverage the power of
salesforce.com's cloud to build and run a business," said Marc Benioff,
chairman and CEO, salesforce.com. "Our partners at Emergence Capital recognize
that new investment models are needed for cloud computing entrepreneurs.
That's why they are investing in Maxplore and other companies building on the
Force.com platform."
Maxplore provides ServiceMax, a comprehensive service chain and field
service management solution built entirely on the Force.com platform.
ServiceMax dovetails into the Salesforce CRM Call Center application to drive
all aspects of post-sales service delivery and management, including
entitlement verification, configuration management, field service engineer
management, dispatch management, service inventory management and depot
repair. Customers using ServiceMax inherit the security, customization,
integration and other benefits of the Force.com platform as well as the
reliability, scalability and availability of salesforce.com's trusted global
infrastructure.
The Force.com $1 Million Challenge is a venture competition for
entrepreneurs and companies building on the Force.com platform. Emergence
Capital judged the entries and selected the winner. There were seven main
criteria in judging for the Force.com $1 Million Challenge:
-- Likelihood of long-term company success
-- Demonstration of customer success and user adoption
-- Market opportunity
-- Track record and passion of the entrepreneurial team
-- Adoption and innovative utilization of the Force.com platform
technology
-- Financial plan
-- Competition
About Maxplore
Maxplore Technologies provides on-demand service chain and field service
management solutions to businesses of all sizes, around the world. With its
deep domain expertise, Maxplore offers ServiceMax - an application suite that
helps customers drive all aspects of post-sales service delivery and
management, including entitlement verification, configuration management,
field service engineer management, dispatch management, service inventory
management and depot repair. ServiceMax was developed on the Force.com
platform and provides an end-to-end solution set, fitting in seamlessly with
the Salesforce CRM Customer Service and Support applications. Maxplore is
headquartered in Santa Clara, California and has an office in Bangalore,
India. Please visit http://www.maxplore.com for more information.
About Emergence Capital Partners
Emergence Capital Partners, based in San Mateo, Calif., is the leading
venture capital firm focused on early and growth-stage Technology-Enabled
Services companies. Its mission is to help build market leaders in partnership
with great entrepreneurs. Emergence partners have funded and helped build more
than 35 TES companies, more than any other early-stage venture firm. Emergence
Capital has assets of over $325 million under management. Prior investments
include companies such as salesforce.com (CRM), SuccessFactors (SFSF),
HireRight (HIRE), Genius, Intacct, inQ and InsideView. For more information,
visit www.emcap.com.
About salesforce.com
Salesforce.com is the enterprise cloud computing company. The company's
portfolio of SaaS applications, including its award-winning CRM, available at
http://www.salesforce.com/products/, has revolutionized the ways that
customers manage and share business information over the Internet. The
company's Force.com PaaS enables customers, developers and partners to build
powerful on-demand applications that deliver the benefits of multi-tenancy
across the enterprise. Applications built on the Force.com platform, available
at http://www.force.com/, can be easily shared, exchanged and installed with a
few simple clicks via salesforce.com's Force.com AppExchange marketplace
available at http://www.salesforce.com/appexchange/.
As of July 31, 2008, salesforce.com manages customer information for
approximately 47,700 customers including ABN AMRO, Dow Jones Newswires, Japan
Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any
unreleased services or features referenced in this or other press releases or
public statements are not currently available and may not be delivered on time
or at all. Customers who purchase salesforce.com applications should make
their purchase decisions based upon features that are currently available.
Salesforce.com has headquarters in San Francisco, with offices in Europe and
Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM".
For more information please visit http://www.salesforce.com, or call 1-800-NO-
SOFTWARE.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce
and the "no software" logo are registered trademarks of salesforce.com, inc.,
and salesforce.com owns other registered and unregistered trademarks. Other
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SOURCE Salesforce.com
