Funding Reinforces the Value of RES Software’s Award-Winning Desktop Transformation Technology
Basingstoke, UK – 28th April 2010 — RES Software, the leader in user workspace management software, today announced the closing of a €4.7 million ($6.3 million) financing by Gimv, a leading, publicly traded European investment firm with a 30 year track record of success. Gimv’s investment builds on the recent momentum at RES Software, which includes the appointment of a new CEO, a major new product release, significant customer wins in the Netherlands, UK, and France and the expansion of its North American operations. The Gimv investment will drive several RES Software initiatives designed to support its rapid growth, including increasing its sales capacity in strategic regions, enhancing its global brand, and adding resources to further extend its product and technological leadership in user workspace management.
“Gimv complements RES Software with the resources, reputation and network of a savvy, world-class firm,” said Klaus Besier, chief executive officer of RES Software. “I look forward to working with them to build our customer base and channel relationships and further enhancing RES Software’s success.”
In the past twelve months, RES Software has seen significant growth in the demand for its user workspace management solutions driven in large part by the increasing challenges facing the corporate desktop infrastructure, including the migration to Windows 7, the introduction of virtual desktop initiatives, as well as new cloud computing services. RES Software’s user workspace management technology addresses these challenges by providing the essential features necessary for IT professionals to more cost effectively manage and maintain desktop environments during these changes, without sacrificing user productivity. As a result, IT is able to save vital resources and significantly reduce the TCO of their desktop populations.
“Desktop management is an investment area that Gimv has been tracking carefully given the size of the opportunity and the pace of change. We believe RES Software has something unique with a clear ROI and many happy customers,” said Elderd Land, a partner in Gimv’s venture capital practice. “That combination made it a very compelling investment opportunity for us and a company we are proud to have in our portfolio.”
Gimv is a European investment company with nearly 30 years of experience in private equity and venture capital. The company is listed on Euronext Brussels and currently manages around EUR 1.8 billion of assets (including third party funds). Gimv undertakes buyouts and provides growth capital to established companies. Local teams in Belgium, France, The Netherlands and Germany concentrate on these activities. Gimv-XL provides growth financing to larger growth companies in Flanders. Gimv makes venture capital investments in high tech sectors through its specialist teams in Life Sciences, Technology and Cleantech.Its DG Infra+ fund also focuses on infrastructure projects in the Benelux. Gimv is also active in Central and Eastern Europe through several funds and joint ventures. For more information about Gimv, please visit our website: www.gimv.com
About RES Software
RES Software, the proven leader in user workspace management, is driving a transformation in the way organisations manage and reduce the cost of their PC populations. The company empowers customers, from SMBs to global enterprises, to manage an increasingly complex desktop ecosystem and meet the essential needs of a dynamic workforce that requires on-demand access to their personalised workspaces. Designed for physical or virtual desktop platforms, RES Software’s award-winning, patented technology enables IT professionals to address this shift by managing, automating and delivering secure, personalised and more productive desktop experiences to any user. For more information, follow updates on Twitter @RESSoftware and visit www.ressoftware.com.
Mark Kember / Claire Chapman
Tel: +44 (0) 1491 873 323
Email: email@example.com / firstname.lastname@example.org
This press release was distributed by ResponseSource Press Release Wire on behalf of One Bite Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.