FSLogix Raises $7.5 Million Series C to Advance Digital Workspace Solutions
ATLANTA, March 7, 2018 (Newswire.com) - FSLogix, a leading innovator in virtual desktop solutions, announced it has closed $7.5 million in a Series C funding, led by Atlanta based Noro-Moseley Partners and Washington, D.C.-based TDF Ventures, bringing FSLogix’s total funding to $12.5 million. The funds will be used to accelerate international growth, expand marketing and sales resources at the firm’s Atlanta headquarters, and expedite the product roadmap. Alan Taetle of Noro-Moseley Partners and Jim Pastoriza of TDF Ventures will be joining FSLogix’s Board of Directors.
FSLogix provides turnkey software solutions that improve end-user productivity and ROI in private and public cloud virtual desktop infrastructures. Global enterprises use these products to enable high-performance email, optimize business-critical applications, and deliver native workspace performance. FSLogix significantly reduces the number of enterprise gold images, manages the complete range of licensing models, and enables critical support for Microsoft Office 365 functionality like Outlook Cached Exchange Mode, OneDrive and Skype for Business. FSLogix works with all desktop virtualization providers, including Microsoft, Citrix, Amazon Web Services, and VMware.
Remote employees are the future workforce for the largest global industries and will provide an enormous corporate benefit in terms of business agility, reduced operational costs, and accessibility to top-talent.
Alan Taetle, Noro-Moseley Partners
“With this capital investment, FSLogix is positioned to accelerate virtual desktop adoption, and plans to reproduce our success in the enterprise by offering our solutions through the largest infrastructure providers in the public cloud,” said Kevin Goodman, CEO and co-founder of FSLogix. “We are proud to have earned the backing of such experienced firms, which have the breadth and depth to help us make these solutions ubiquitous in the global enterprise.”
Founded in 2013, FSLogix has maintained a rapid growth trajectory. Since 2015, the company has increased its customer base more than five-fold, including many Fortune 500, healthcare, and federal sector customers, and saw over a 300 percent increase in revenue in 2017.
“Remote employees are the future workforce for the largest global industries and will provide an enormous corporate benefit in terms of business agility, reduced operational costs, and accessibility to top-talent,” said Alan Taetle, Noro-Moseley Partners. “FSLogix accelerates this transition by eliminating the existing cost and productivity barriers of cloud desktop platforms that enable the virtual worker trend.”
For more information, visit www.fslogix.com.
About FSLogix
FSLogix is a leading innovator of solutions that reduce the amount of hardware, time and labor required to support desktop virtualization platforms. With implementations ranging from less than 1,000 to over 50,000 users, FSLogix Apps enhances the user experience while reducing support requirements for cloud implementations. FSLogix is a Microsoft partner, Citrix Ready partner and Best of Synergy award winner, Amazon AWS partner, and VMware Technical Alliance partner. The company is headquartered in Atlanta, Georgia, with offices in Salt Lake City, Colorado Springs, Boston, the Netherlands, and London, England.
About Noro-Moseley Partners
Noro-Moseley Partners, based in Atlanta, is a venture capital firm focused on early growth stage companies in the healthcare IT and services sectors and information technology sectors. Since 1983, NMP has been a leader in its market, investing more than $650 million in over 175 companies. The managers of NMP’s current fund, Noro-Moseley Partners VII, have more than 60 years collectively of direct venture investing experience and bring a diverse set of skills to assist entrepreneurs in growing their companies. For more information, visit www.noro-moseley.com.
About TDF Ventures
TDF Ventures invests in seed and Series A stage start-ups focused on infrastructure, software, and services (IaaS, SaaS, XaaS). Current areas of focus include cybersecurity, cloud services, edge computing, software-defined networks, financial technology, business automation, small cell solutions, satellite, mobility, and anything as a service. TDF has offices in Washington, D.C. and Silicon Valley. For more information, visit www.tdfventures.com.
Source: FSLogix