ServiceMax to Go Public in $1.4 Billion SPAC Deal

ServiceMax to Go Public in $1.4 Billion SPAC Deal

ServiceMax has agreed to merge with a special-purpose acquisition company in a deal that will take the maker of software for field-service technicians public, officials from the companies said.

The software company—whose current owners include private-equity firm Silver Lake, General Electric Co. and the venture arm of business-software giant Salesforce.com —will merge with Pathfinder Acquisition Corp. in a deal that values ServiceMax at about $1.4 billion. The companies expect to unveil the transaction later Thursday.