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, which led the previous investment operation in 2006, also participated in this new strategic 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, NTRadmin BOTS™ 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.”
“NTRglobal is proving that new global leaders can emerge in the software industry in Europe,” said Xavier Lazarus, partner at Elaia Partners. “The unique combination of best of breed technology, seasoned international management team and explosive SaaS business model offers to NTRGlobal Shareholders the opportunity to participate to one of the most exciting Software Ventures in Europe.”
With this significant additional funding with leading international investors such as Kennet Partners and Atlas Venture joining the current investors syndicate, NTRglobal is poised for significant further growth and leadership in its markets.
Originally published at www.elaia.com on June 19, 2008.
