|By Marketwired .||
|February 19, 2014 11:01 AM EST||
CARLSBAD, CA -- (Marketwired) -- 02/19/14 -- MaintenanceNet, Inc., the leading provider of service annuity solutions, today announced a partnership with Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P., a $25 billion alternative investment management firm. Through the alliance, MaintenanceNet will receive a substantial investment from Kayne Partners to strengthen its lead in the service revenue-automation market and further fuel worldwide operations and ongoing technology development initiatives.
Launched in 2004, MaintenanceNet pioneered the service revenue-automation market with a goal of helping sales teams in complex tiered distribution channels sell the right service offerings while also assisting buyers to make the right service choices. Using business intelligence as the foundation for a new breed of data-driven sales and marketing automation technology, MaintenanceNet increases revenues for organizations around the globe, including the world's largest technology manufacturers and distributors and their reseller partners.
"With a diverse fund portfolio across multiple industries, Kayne Partners offers MaintenanceNet the opportunity to build upon its success as a market innovator and technology leader," said Scott Herron, the company's CEO.
Herron continued, "Ten years ago we had the foresight to create a new category of data-driven service revenue-automation technology and a value proposition that has propelled MaintenanceNet to become a profitable worldwide company with global customers who are leaders in their fields. The partnership with Kayne will not only enable us to scale further and faster globally, but to also ensure that we continue to provide our existing customers with best-in-class technology and services."
"We have partnered with Kayne because they align well with our team and demonstrated excellent synergy with the direction MaintenanceNet is heading. We're looking forward to this next phase in our growth with their support behind us," Herron added.
Product Development Ramp Up in the Works
MaintenanceNet is already ramping up product development, with new additions to its cloud-based technology platform planned for the first half of 2014. This comes on the heels of a doubling in size of business and operations in Europe and continued customer expansion across North America and the Asia-Pacific regions in 2013. At the same time, last month MaintenanceNet reported it delivered more than 2.5 billion service quotes -- to more than 20,000 resellers in 63 countries using 21 languages -- on behalf of its manufacturing customers, global distributors and their channel partners worldwide in 2013. The result was hundreds of millions of dollars in new revenue streams for these customers.
"Kayne Partners has a strong track record of partnering with innovative, high-growth companies and we are excited about our partnership with the MaintenanceNet team," said David Walsh, Managing Partner of Kayne Partners. "The company is solving a revenue generation pain-point across an entire supply chain and uncovering profits that were previously unobtainable. When we met this team and realized the amount of value that they are delivering to very happy customers, we knew that we wanted to be a part of this story. We are impressed with the ingenuity of MaintenanceNet and we greatly look forward to working together with them in the coming years."
For more information on MaintenanceNet and its complete line of product and service annuity solutions, visit www.maintenancenet.com, or follow MaintenanceNet on Facebook, Google+, LinkedIn and Twitter.
About Kayne Partners
Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. and is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $500 million in platform investments and add-on acquisitions. Kayne Partners looks to partner with driven entrepreneurs as a non-control minority investor. For more information about Kayne Partners, visit www.kaynepartners.com.
MaintenanceNet empowers the world's leading manufacturers and their channel partners to expand the scope and success of their service sales initiatives. The company has delivered billions of dollars in service revenues, while also improving overall customer satisfaction and retention for the businesses it serves. The key to MaintenanceNet's success is its proficiency in turning incomplete or inaccurate customer data into actionable business intelligence that drives revenue and profits for manufacturers. MaintenanceNet's Service360 cloud-based platform and Campaign Management solution expedite and automate sales processes, and provide a channel-friendly approach to service quoting, ordering and renewing. For more information, visit www.maintenancenet.com or call 866-699-7212.
MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 20, 2017 10:15 AM EST Reads: 133
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
Feb. 20, 2017 10:15 AM EST Reads: 874
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Feb. 20, 2017 09:45 AM EST Reads: 283
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Feb. 20, 2017 09:30 AM EST Reads: 1,180
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Feb. 20, 2017 09:30 AM EST Reads: 156
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 20, 2017 09:15 AM EST Reads: 173
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Feb. 20, 2017 09:15 AM EST Reads: 339
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
Feb. 20, 2017 09:00 AM EST Reads: 1,194
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Feb. 20, 2017 09:00 AM EST Reads: 7,814
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Feb. 20, 2017 09:00 AM EST Reads: 4,195
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Feb. 20, 2017 08:45 AM EST Reads: 1,403
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Feb. 20, 2017 08:30 AM EST Reads: 5,109
Feb. 20, 2017 08:30 AM EST Reads: 968
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
Feb. 20, 2017 08:30 AM EST Reads: 2,207
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
Feb. 20, 2017 08:15 AM EST Reads: 1,139