Syncron secures $67M in minority investment from Summit Partners.

Sweden United States 16 October 2018

Syncron, a Stockholm, Sweden-based company providing cloud-based after-sales service solutions, announced securing a $67 million minority investment from global growth equity firm Summit Partners.

The funding will support Syncron’s continued development of its category-leading enterprise SaaS solutions and further expansion of its global operations.

Syncron, founded in 1999 and led by CEO Anders Grudén, offers a fully integrated SaaS platform to optimize the performance of the after-sales service supply chain and enable global manufacturers to evolve to subscription-based uptime service models, which is critical on the journey to servitization.

Servitization – where organizations transition from selling one-off products to selling the output or value that products deliver – is leading manufacturers to evolve their after-sales service operations from reactive, break-fix models focused on repair execution, to a new paradigm focused on dynamic repair prevention and maximizing product uptime.

The company's global headquarters are located in Stockholm, Sweden, with major subsidiary office around the world located in the United States, Britain, Japan, France, Germany, Italy, India, and Poland

Total investments received (USD): 67M