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MaintenanceNet
Grow Recurring Revenue - Cisco Impact
About MaintenanceNet
MaintenanceNet, founded in 2001, established itself as a specialized provider of warranty and maintenance contract management services before being acquired by Cisco Systems on August 6, 2015, for $139 million. The company was co-founded by Scott Herron, who served as its CEO and pioneered the application of data intelligence and automation to enhance sales and recurring revenue for the channel. His focus on creating value across the customer lifecycle through technology was a driving force behind the company's success.
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The firm's core business revolves around a cloud-based software platform designed to automate and scale the management of recurring customer contracts. This platform primarily serves technology manufacturers, distributors, and resellers by helping them track, manage, and renew service agreements efficiently. Revenue was generated by providing these partners with the tools to identify and capture service revenue opportunities, particularly high-volume, low-dollar sales that are often overlooked.
The flagship product, a contract management platform known as ServiceExchange, aggregates and analyzes fragmented customer and contract data. This turns incomplete information into actionable business intelligence. Key features include identifying contracts nearing renewal, those that are overdue, and products that are not covered by a service plan. The platform then automates quoting, notifications, and, in some cases, online ordering, which simplifies the sales process. After the acquisition, the platform became known as Cisco Impact and was integrated into Cisco's Global Customer Success (GCS) organization to help digitize business processes and improve partner and customer engagement.
Latest news
Press, funding announcements and product moves mentioning MaintenanceNet.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2015 | $139M | $139M | Cisco | — |
| LATE VC✓Equity / VC | Feb 2014 | $12M | $48M | Undisclosed | — |
Growth signals
Latest recorded traffic for MaintenanceNet is 90 monthly website visits. MaintenanceNet's team declined 25% over the past year.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Other known investors1 additional known investor
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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