Unitrends, a backup, disaster recovery and archival company, was growing fast but needed capital to reach its next level of growth. But the company was unable to go back to their original investors.
The company had gone through several rounds of funding with its original investors, who were early stage venture capitalists. However, the company’s rapid growth over the past several years took Unitrends well beyond the size company they typically invest in. Unitrends CEO began reaching out to venture capital firms. He interviewed several firms, but he believed that Insight Venture Partners’ knowledge of their business and expertise in their space put them on top.
According to Mike Coney: “Insight was able to provide the return they were looking for. Simultaneously, this acquisition enables Unitrends to continue developing its core business, while providing the additional resources needed to accelerate their business with new data protection offerings.”
Insight has raised more than $7.6 billion, invested in more than 190 growth-stage software, eCommerce, Internet and data-services companies, and managed 24 IPOs. Unitrends’ management team was looking for a partner with a clear vision for the future of our company, and Coney and the management team believed that Insight was the best possible choice.
REFERENCE RESOURCES:
Mike Coney : : Listed on CorporateB2Bprofile.com
Mike Coney : : Profile on corporatedatanews2.com
Mike Coney : : Article at CorporateReference.com
Mike Coney : : Registered with CorporateHandshakes.com
Mike Coney : : Profile at CorporateDataMinings.com