ServicePower Acquires Inveniam and Elevates Field Service Management with AI Vision
Deal News | May 07, 2025 | PR Newswire Cision ServicePower
ServicePower, a leading provider of field service management software, announced the acquisition of Inveniam, a French pioneer in AI-driven computer vision technology. This strategic move aims to enhance automation and innovation in field service management globally. Inveniam's visual intelligence solutions offer real-time qualitative assessments for telecommunications, utilities, and infrastructure industries. By integrating Inveniam's technology, ServicePower plans to automate data-driven insights, increasing efficiency and customer experience. According to ServicePower CEO Frank Gelbart, the acquisition adds a new layer of field intelligence, promoting smarter decision-making and real-time visual diagnostics. Inveniam founder Ahmed Ghorbal emphasized the transformative impact of this integration in making field operations smarter and more autonomous. The acquisition, finalized on May 6, 2025, promises to offer targeted solutions for key verticals, leveraging AI for comprehensive visual data analysis.
Sectors
- Technology
- Field Service Management
- Telecommunications
Geography
- United States – ServicePower is headquartered in McLean, Virginia.
- France – Inveniam is a French company, playing a significant role in this acquisition.
- Europe, Middle East, and Africa (EMEA) – ServicePower operates extensively within the EMEA region, which is relevant for the expansion of its services.
Industry
- Technology – The acquisition involves the integration of advanced AI and computer vision technologies, impacting the tech industry significantly.
- Field Service Management – ServicePower operates in field service management, and the acquisition strengthens its offerings by integrating AI-driven solutions.
- Telecommunications – Inveniam's solutions are notably used in telecommunications to enhance operational assessments and quality assurance.
Financials
- Not Disclosed – The financial terms of the acquisition between ServicePower and Inveniam were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ServicePower | Acquirer | Company | ServicePower provides AI-powered field service management software, focusing on enhancing operational efficiency. |
| Inveniam | Target Company | Company | Inveniam specializes in AI-driven computer vision solutions, aiding real-time operational assessments in the field. |
| Frank Gelbart | CEO of ServicePower | Person | Leading ServicePower, driving the company's strategic acquisitions and technological advancements. |
| Ahmed Ghorbal | Founder and CEO of Inveniam | Person | Established Inveniam to revolutionize field operations with AI and computer vision technologies. |