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What does SMS Assist do?
SMS Assist, is a web based solution for managing facility maintenance in a national scale. It’s remarkable technology is revolutionizing the facility services industry. Many big multi-location chains rely on local subcontractors to provide their facility maintenance services such as carpentry, electrical, plumbing and many other services. Management responsibility for these services are usually delegated to the operating units, and because of this many important opportunities to leverage scale and subject matter economies expertise, technology are lost. SMS Assist is a national integrator with more than 40K unique customer sites under contract. It helps customers reduce their expenditure on facilities services on an average of 20%, while improving the quality and providing transparency.
How much SMS Assist is funded?
SMS Assist raised $45M in Series C funding on May 5th, 2015 from the investor Insight Venture Partners based in New York.
Previous funding
$15M in Series A funding on June 22, 2011 from Pritzker Group Venture Capital.
$45M in Series B funding on October 22, 2013 from Jumpstart Ventures and Pritzker Group Venture Capital.
What is next for SMS Assist?
With the backing of Insight Venture Partners, a world class investment firm and Pritzker Group, SMS Assist can fuel its innovation and ensure that it leads the industry in quality and customer satisfaction. The investment will be used to accelerate its investment in technology and people and use the new opportunities to its benefit and continue its rapid growing business.
More about SMS Assist
SMS Assist was founded in 1995 by Stephen Watkins and has its headquarters in Chicago, IL. It is providing multisite property management to a many clients with more than 90K service locations. It is managing its network of more than 20,000 affiliate subcontractors using its proprietary software platform. It offers many property management benefits which include leveraged products and services pricing, real time services validation, $30K risk indemnification, data analysis, instant invoicing etc.
