Netreo Announces Ground-Breaking Deal With Software Growth Partners
IRVINE, Calif., July 13, 2018 (Newswire.com) - Netreo announced today that it has received a majority investment from Software Growth Partners. This transaction will help Netreo drive further growth in the rapidly expanding Network and IT Management market by providing a robust combination of working capital, relevant industry experience, and proven growth-oriented best practices. With this investment, Netreo aims to further extend the innovation leadership of its OmniCenter platform.
“As IT environments rapidly evolve, we strive to maintain our position as an innovation leader and provide industry’s best solutions to our world-class customers,” says Kevin Kinsey, CEO. He further adds “Software Growth Partner’s investment represents growth capital that allows us to accelerate our development roadmap, broaden our base of support offerings, and expand our sales and marketing presence. Look for big things to come from us.”
The current management team will continue to lead the company in all aspects of operations, including supporting existing customers and partners. As part of the transaction, Sumit Garg, Managing Partner at Software Growth Partners has joined Netreo’s board as its chairman. "We are very impressed with how well Netreo’s technology solves mission-critical IT management needs at several Fortune 1000 companies. We are excited to be partnering with Netreo and helping it deliver even better Product and Customer excellence," says Sumit.
Software Growth Partner's investment represents growth capital that allows us to accelerate our development roadmap, broaden our base of support offerings, and expand our sales and marketing presence.
About Netreo: Netreo provides a Software-as-a-Service (SaaS) IT Management product called OmniCenter™ which automatically builds enterprise-wide dashboard views into the entire IT footprint for large companies. The platform is trusted by Fortune 1000 companies across industries including financial services, education, and healthcare, and has achieved "Product-of-the-Year" status with Network Computing UK for three consecutive years. Learn more at http://www.netreo.com.
About Software Growth Partners: Software Growth Partners is a technology industry focused investment firm with a unique approach to delivering exceptional investor returns by driving rapid revenue growth. It strives to help companies achieve their highest potential through the injection of capital, management expertise and industry best practices across all aspects of company operations. Learn more at http://www.softwaregrowthpartners.com.
Source: Netreo, Inc.
Categories: Mergers and Acquisitions