Astea International Inc.
↗Horsham, Pennsylvania, USA
Astea International Inc. is a global field service management (FSM) software provider founded in 1979. The company develops, markets, and supports service management software solutions that automate enterprise business processes including call centers, depots, field activity, sales, and office personnel functions. Astea's solutions are used across multiple industries including IT, medical devices, telecommunications, retail systems, office automation, imaging systems, facilities management, and industrial controls. The company was acquired by IFS (Integrated Financial Systems) in December 2019 for $44.3 million and now operates as part of IFS's broader service management offerings, specifically rebranded as IFS Field Service.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:-
Industry:Enterprise Software
Sub-Industry:Field Service Management (FSM), Service Management Software
SIZE & FINANCIALS
Employees:51-200
Revenue:$1.7B (as of 2025, likely as part of IFS)
Founded:1979
Ownership:subsidiary
Status:acquired
FUNDING
Stage:Post-IPO (prior to acquisition)
Investors:ANKA Limited Partnership, Zack Bergreen (CEO, ~54% ownership), Fredric Etskovitz (CFO)
STOCK
Exchange:OTC Markets (historical)
Ticker:ATEA
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CORPORATE STRUCTURE
Parent Company:IFS (Integrated Financial Systems)
Acquired By:IFS (Integrated Financial Systems) (2019-12-11)
Key Partnerships:IFS World Operations - Strategic integration post-acquisition
COMPETITION
Position:Established Player (now part of IFS)
Competitors:ServiceMax, ClickSoftware, ServicePower, FieldAware, Coresystems, simPRO, Microsoft Dynamics 365 Field Service, ServiceNow FSM +3 more
LEADERSHIP
Key Executives:
Zack Bergreen - Founder, President, CEO, and Chairman
Fredric Etskovitz - Chief Financial Officer (CFO)
Board Members:Zack Bergreen (Founder, CEO), Board member with background in strategy consulting and investment banking (founded Siegel Management Company in 1983), Board member with experience as EVP and CFO of eResearch Technology Inc. (2008-2012), Board member with background as General Counsel and Managing Director of Actua Corporation (public software company)
LINKS
Website:astx.com
Crunchbase:Crunchbase Profile
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