NTRglobal garners €22 million
NTRglobal, one of the Europe’s largest pure-play vendors of software-as-a-service (SaaS) solutions to enterprise, has received a €22 million investment led by Kennet Partners and joined by Atlas Venture plus existing investors Debaeque and Elaia Partners.
The new funding will be used by NTRglobal to fuel sales growth among global 2000 and small and midsized businesses (SME) in Europe, North America, the UK, Japan and China, as well as to accelerate the roll-out of a new generation of SaaS IT automation solutions to be launched later this year.
Its products are enterprise-grade, on-demand solutions for remote support, IT collaboration and IT administration. Enterprises of all sizes use NTRglobal to support employees, customers and partners over the Internet. This allows businesses to reduce IT maintenance costs significantly, and enables service providers to extend their reach and improve customer service.
According to market research firm IDC, clientless remote support software and remote access solutions are among the fastest-growing segments of the infrastructure software market, with CAGRs of 20 percent and 34 percent respectively.
Accelerating growth drivers in this market include the increased mobilisation of workforces, the growing popularity of outsourcing IT functions, the proliferation of devices that require remote support and security, and the desire by corporations to reduce their energy consumption and carbon footprint.
“This investment is important to NTRglobal, not only as a vote of confidence in the way we do business, but because the additional capital solidifies our ability to serve corporate and institutional clients around the world,” said Luis Font, CEO and co-founder of NTRglobal.
“We are very excited about the prospects of NTRglobal. The company has established an exceptional market position, and has assembled one of the strongest management teams we have seen,” said Maximilian Bleyleben, managing director of Kennet Partners.
“NTRglobal is a classic growth equity investment for Kennet – an established business, fast-growing and capital-efficient, with a global market opportunity. As such it is a prime example of the new breed of top-quality, home-grown technology companies to emerge from Europe.”
As part of the investment, Maximilian Bleyleben from Kennet and Fred Destin from Atlas Venture will join the board of NTRglobal.
More than 12,000 companies in 60 countries rely on NTRglobal’s enterprise-grade software-as-a-service (SaaS) and self-hosted solutions for managing the mobile workforce and extended enterprise.
NTRglobal’s portfolio of enterprise-grade SaaS now includes: NTRadmin™ for secure remote systems management, NTRadmin BOTS™ for simplifying IT task automation and NTRsupport™ for on-demand help desk and instant remote technical support.
SaaS from NTRglobal integrates with salesforce.com and other major CRM systems, provides point-and-click administration and scalability, global capabilities, customisation and robust reporting for 360-degree visibility and compliance management.
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© Chilli Publishing Ltd 2008 |
19 JUN 2008 |
