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Coresystems Raises 10 Million Swiss Francs

Coresystems Raises 10 Million Swiss Francs

Today, Coresystems, a provider of cloud-based mobile field and customer service apps and software, is announcing that in its second round of funding it has raised 10 million Swiss Francs of funding from Swiss venture capital firm Investnet AG.Coresystems will use the funding to strengthen its global market presence, in particular the United States and South America, where they have seen a strong demand for its cloud-based field service solutions and apps. Customers cite the ease of data integration, the speed of implementation, and the responsiveness of the company when choosing Coresystems’ solutions.

“In today’s hyper-competitive business environment, companies know that they need to deliver faultless field and customer service. The investment is a strong endorsement of the field and customer service software space and we are delighted to be putting more resources into our two fastest-growing regions,” said Philipp Emmenegger, Coresystems CEO.

Coresystems is also announcing that it has appointed software industry veteran Tony Solano as the new General Manager / Senior Vice President Americas Sales. Solano has over two decades experience in software sales, and is charged with expanding coresystems’ market share in the Americas. Solano said, “There has been an explosion in growth in the field services software industry, driven by the desire to be more efficient, productive, and to increase customer satisfaction. I am happy to be helping expand coresystems’ US growth and see many oppor- tunities ahead.” Former General Manager and Co-Founder of Coresystems USA, Arti Sahgal, will continue to focus her proven expertise on further driving business expansion and revenue in the Channel and Partner Business as Chief Revenue Officer (CRO) / Senior Vice President.

“Mobile apps and software is rapidly transforming the field service industry for the better and we see a real desire by companies to increase their efficiency to help satisfy their own customers and drive revenue. Coresystems is on the cusp of a revolution in field and customer service and its strong growth in the Americas is testament to this,” said Andreas Etter, Investnet AG.

On this occasion, three new independent members have joined Coresystems’ board of directors: Adrian Bult, Stan Novakovic and Andreas Etter.

Launched in 2006, Coresystems provides mobile cloud solutions for small, medium, and large enterprises to let them better serve their customers. Customers span a range of industries and sizes. They include global power generation equipment supplier Alstom, international automated storage supplier Kardex Remstar, construction crane specialists Wolffkran, and Johnson & Johnson’s healthcare solutions provider DePuy Synthes. Smaller com- panies include family-owned timber and joinery business Kalt AG, green mobility provider m-way, and medical products provider Fleming Medical.

About Coresuite Mobile Solution

Our cloud-based field service solution lets companies transform their aftermarket service process into a fully integrated digital workflow. Our tools give field service reps all the information they need on their smartphones, tablets, or laptops to deliver outstanding field service, whilst capturing all the data the back office needs to ensure efficient management, reporting, invoicing, and analysis.

About Investnet AG

Investnet is a Swiss investors’ community, consisting of an investor club of entrepreneurs (Investnet Verein) and an investment advisory company (Investnet AG) which provides business support to the investors group before and during the investment period. Investnet provides successful, solid, medium-sized enterprises (KMU) in the German speaking part of Europe with growth capital, succession solutions and entrepreneurial know-how. 


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