SAManage, a Seattle-based provider of SaaS IT management solutions, has raised an undisclosed amount of first-round funding led by Xenia Venture Capital.
SAManage, a leading SaaS IT Management Provider, announced today that it secured its first round of venture-backed financing led by Xenia Venture Capital and with participation of existing backers. The funding will help SAManage support its rapid growth and accelerate the development of new value-added SaaS based services.
SAManage provides secure, on-demand IT Management services that help companies manage their PC and software assets. As IT departments at companies of all sizes are challenged to keep up with the growing risks brought about by a rapidly-expanding and increasingly diversified IT asset base, SAManage automates and simplifies the daily tasks associated with establishing IT governance, control, and compliance. By delivering IT Management as an affordable on-line service, SAManage empowers companies of all sizes with capabilities that were previously available only to large companies.
The funding for SAManage is provided by Xenia Venture Capital, specializing in early stage investments in technology-innovative companies. “There is a huge market opportunity for a company that can deliver easy-to-deploy, easy-to-use, and cost-effective IT management capabilities,” says Anat Segal, CEO of Xenia Venture Capital. “SAManage is well-positioned to provide the kind of service-enabled simplicity that IT departments at small and medium-sized organizations have been long clamoring for. In addition, the Service-as-a-Software model opens up opportunities for SAManage to provide new analytical and benchmarking services that can add significant value to the management of IT assets.”
“We are excited to partner with Xenia to support our new product development efforts,” says Doron Gordon, CEO of SAManage. “We are seeing a growing demand for our SaaS IT Management services, which empower companies to better manage their IT Assets and reduce their IT costs and risks. Our ability to provide a cost-effective way for companies to manage their IT assets is extremely attractive in the current economy. We look forward to introducing our upcoming value-added IT Management products that will further enhance the way companies manage their IT operations and make purchasing decisions.”
SAManage is an on-demand service that can be deployed within minutes across multiple locations, making it easy for companies of all sizes to establish IT governance, control, and compliance. SAManage offers a number of service plans that are available through the company’s website and selected partners worldwide. To find out more about the SAManage IT Management SaaS service and subscription options, please visit www.SAManage.com.