ServicePower Revolutionizes Field Service with Acquisition of Inveniam
Deal News | May 07, 2025 | PR Newswire Cision ServicePower
ServicePower, a leading software provider for field service management, has announced the acquisition of Inveniam, a French pioneer in AI-driven computer vision technologies aimed at automating quality control in field service. This strategic acquisition marks a significant advance in ServicePower's mission to drive innovation and automation within the global field service management sector. Inveniam's advanced visual intelligence solutions enable real-time quality and operational assessments in sectors such as telecommunications, utilities, and infrastructure, utilizing computer vision and AI techniques. With this acquisition, ServicePower aims to offer data-driven automated insights that reduce costs, enhance technician efficiency, and improve customer experience. Both ServicePower's CEO Frank Gelbart and Inveniam's founder Ahmed Ghorbal express enthusiasm about the integration's potential to transform field service technology and operations. The transaction was finalized on May 6, 2025, but financial details were not disclosed.
Sectors
- Field Service Management
- Artificial Intelligence
- Telecommunications and Utilities
Geography
- United States – ServicePower is headquartered in McLean, Virginia, and operates extensively within the USA.
- France – Inveniam, the acquired company, is based in France and brings its expertise in AI technologies to the acquisition.
Industry
- Field Service Management – Relates to the software and services involved in managing company resources employed in offsite operations and tasks.
- Artificial Intelligence – Inveniam specializes in AI-driven computer vision technology, which is central to the field service automation goals of ServicePower.
- Telecommunications and Utilities – These are key sectors that will benefit from the technologies provided by Inveniam integrated into ServicePower's platform.
Financials
- Not disclosed – Financial details of the acquisition between ServicePower and Inveniam have not been made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ServicePower | Acquiring Company | Company | A leader in providing field service management software, integrating AI technologies to enhance operational efficiency. |
| Inveniam | Target Company | Company | Pioneer in AI-driven computer vision solutions aimed at improving operational efficiency in field services sectors like telecom and utilities. |
| Frank Gelbart | CEO of ServicePower | Person | The executive leading ServicePower in its acquisition strategy to enhance its technology platform. |
| Ahmed Ghorbal | Founder and CEO of Inveniam | Person | Driving Inveniam’s mission to transform field service operations using AI. |