MSI Data Receives Growth Investment from Luminate Capital Partners

MSI Data, a Milwaukee, WI-based provider of field service management software, received a strategic growth investment from Luminate Capital Partners, a San Francisco-based private equity firm.

In conjunction with the investment, Hollie Haynes, Mark Pierce, and Sanjay Palakshappa from Luminate will join the MSI Board of Directors.
The amount of the deal was not disclosed.

The company intends to use the funds for continued growth and product development.

Led by Harvey Shovers, CEO, MSI serves mid-market and enterprise commercial, industrial, and residential field service organizations, primarily in the equipment distribution and service contractor industries. The company’s SaaS platform enables customers to schedule and dispatch technicians, manage maintenance contracts, track warranty information, manage inventory, and complete work orders in the field.
The solution allows customers to run operations efficiently, which leads to high field productivity, reduced revenue leakage, accelerated cash collection, improved expense recovery rates, and increased customer satisfaction.
MSI’s product integrates with several leading mid-market ERP systems, enabling bi-directional communication between field service and back-office employees.

FinSMEs

11/09/2019

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