NTRglobal in Rapid Software-as-a-Service Expansion Drive with €22M Capital Raise
Barcelona (Spain), June 19th, 2008. -
NTRglobal, an international leader in on-demand solutions for remote support, access, online collaboration and IT system administration, today announced a €22 million investment round led by Kennet Partners joined by Atlas Venture. Existing investors Debaeque and Elaia Partners also participated in the financing round.
The additional external financing was raised by NTRglobal to fuel increasing sales growth among the Global 2000 and small and midsized businesses (SME) in Europe, North America, the UK, Japan and China, while optimizing the international rollout of its new IT SaaS automation solutions to be announced this Fall.
Delivering the industry’s broadest multiplatform capabilities in its category, NTRglobal’s growing portfolio of enterprise-grade, cost-effective SaaS now includes: NTRadmin™ for secure remote systems management, NTRadminBots™ for simplifying IT task automation and NTRsupport™ for on-demand help desk and instant (clientless) remote technical support. More than 12,000 companies in 60 countries rely on NTRglobal SaaS and self-hosted solutions to make IT simpler, more secure and cost-effective to manage the mobile workforce and extended enterprise.
Accelerating growth drivers in this market include the increased mobilisation of workforces, the growing popularity of outsourcing IT functions, and the proliferation of devices that require remote support and security. Concerns about travel and the environment are also driving adoption.
Among the Fastest-Growing, According to Industry Analysts
Industry analysts forecast strong growth for on-demand solutions that help businesses of all sizes simplify IT complexity and securely manage the variety of mobile computing platforms in use by workers in today’s flattened global 24/7 economy. According to market research firm IDC, “clientless remote support software and remote access solutions are among the fastest-growing segments of the infrastructure software markets, with CAGRs of 20%1 and 34%2 respectively.” NTRglobal enjoys faster than industry-average growth in these categories.
"We have honed and proven the NTRglobal on-demand model and innovated with disruptive technology solutions over the last few years, serving both small enterprises and leading global corporations," said Luis Font, CEO and co-founder of NTRglobal. “These efforts are rewarded with strategic partnerships and significant further funding, which enables us to grab the global leadership opportunity that lies before us."
“We are very excited about the prospects of NTRglobal,” said Maximilian Bleyleben, managing director of Kennet Partners. “NTRglobal has established an exceptional market position, and has assembled one of the strongest management teams we have seen.”
With this additional funding from leading international investors such as Kennet Partners and Atlas Venture, NTRglobal is poised for significant further growth and leadership in its markets. After this investment, the Casanovas family, the original investors in NTRglobal, will continue to be the largest shareholders in the company and are very confident in its success.
More than 12,000 companies in 60 countries rely on NTRglobal’s enterprise-grade software-as-a-service (SaaS) and self-hosted solutions to make IT simpler™ and more cost-effective to manage the mobile workforce and extended enterprise.
NTRglobal’s growing 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 combines award-winning functionality, proven integration with Salesforce.com and other major CRM systems, point-and-click administration and scalability, global capabilities, customization and robust reporting for 360-degree visibility and compliance management. Offering a superior customer experience with dedicated regional and global support, NTRglobal applications are offered in 15 languages, including those with double-byte characters. All NTRglobal applications are hosted from 11 secure data centers around the world which operate with fail-over capabilities to ensure speed of service and reliability. More information can be found on the NTRglobal website: www.ntrglobal.com
About Kennet Partners:
Kennet Partners is a leading international private equity firm that invests in growth companies providing information technology products and business services that leverage technology. Kennet provides expansion capital to businesses that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor. With approximately $600 million in funds under management, and working from offices in London and Silicon Valley, the Kennet team actively supports its portfolio companies as they expand their operations internationally. Kennet Partners is authorised and regulated by the Financial Services Authority. For more information, visit www.kennet.com
About Atlas Venture:
Atlas Venture is a leading early-stage international venture capital firm that invests in technology and life sciences businesses in the U.S., Europe and Asia. Since inception in 1980, its partners have helped build over 300 companies in more than 16 different countries. In the past decade, 44 portfolio companies have been acquired and 47 are now public companies with an aggregate market capitalization of over $15 billion. Atlas Venture manages over $2.5 billion in capital through offices in Boston, London, Munich, and Paris. For more information, visit www.atlasventure.com
DEBAEQUE is an independent venture capital firm, based since 2001in Barcelona, dedicated to investments in Technology, Telecommunications, Media and Life Sciences. DEBAEQUE manages 92 M€ through different funds, backed by major financial institutions, corporate investors and family offices. DEBAEQUE seeks out the top entrepreneurial teams in each investment area and then brings to bear all of its core assets in helping the entrepreneurs to build their company. DEBAEQUE’s major investments include among others Strands (www.strands.com), Kimia (www.kimiasol.com), or Oasyssoft (www.oasyssoft.com).For additional information, see: www.debaeque.com
About ELAIA Partners:
ELAIA Partners is an independent venture capital firm focused on software-based technology. It has over € 50M under direct management and by delegation. The company works closely with the companies in its portfolio at all stages of development. It brings together a group of professionals from the high-tech and private equity industries, committed to taking an active role in its portfolio companies, and providing them access to the firm's extensive technology experience. For additional information, see: www.elaia.com