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Emergence Capital Partners and Salesforce.com Announce Maxplore as the Winner of the Force.com $1 Million Challenge
Emergence Capital to invest $2 Million in Maxplore
Financing innovation, not infrastructure, in the age of Cloud Computing
"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
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 Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company’s Force.com platform (http://www.salesforce.com/platform/) helps customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com’s real-time, multitenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.
As of October 31, 2009, salesforce.com manages customer information for approximately 67,900 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, 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.
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