PrimaryMarkets

TSM - Field Service Management Software - Capital Raising

Categories: Securities, Unissued Securities
Sale Type: Asking Price
Price Guide: AUD $3M capital Raising (pre-money EV - A$7M)
Status: Open

Summary:

The Field Service Management Software market is poised for significant growth over the next 5 years:

  • Field Service companies (e.g. HVAC, Electrical, Plumbing) have traditionally been tech averse with a low-level use of vertical specific job management software adoption (<25%)
  • Large Australian market with 80k companies worth over $50B annually
  • Increased competition, consolidation and cost pressure driving need to streamline and optimise businesses

There is a significant unmet need in the market for a solution which is flexible and has specific workflows and features for market verticals:

  • Alignment to business workflows most important factor on software selection from market research
  • Ability to implement business rules, validation, automation, report customisation and integration with other systems are critical to a company’s efficiency and effectiveness
  • Competitor’s products are inflexible and cannot cater for vertical nuances (e.g. HVAC services (installation vs maintenance) and customer base (residential vs commercial) vary dramatically).

With a team of 15 and an active customer base of ~400, the Company has proven, extensive experience in delivering leading-edge software solutions in field service. In August, the Company will launch ServiceVu, its next-generation pure cloud product infused with the DNA of our legacy product developed over 25 years.

 

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