Samanage Secures $5M in New Funding to Accelerate Growth
New Funding to Support Expansion as Company Closes Sixth Quarter of 30% Growth
Cary, N.C. — October 15, 2013 — Samanage, an emerging leader in cloud-based IT service desk and asset management software, has secured $5 million in funding from shareholders Carmel Ventures and Gemini Israeli Ventures. This comes as Samanage closes this quarter with 30% business growth – the sixth consecutive quarter in which it has achieved such enormous expansion. The company will use the new funding to accelerate investments in product development and customer acquisition.
Samanage has been singled out for continued funding for its proven ability to challenge companies like ServiceNow and BMC in the mid-market. The company’s focus on delivering a great user experience, quick deployment, and consistently high ROI and low TCO, has led to a vast customer base that spans 45 countries.
“We’ve seen incredible growth in the past few quarters and this has really been pushing us to expand,” says Doron Gordon, Samanage CEO. “Our customers deserve an easy-to-use enterprise software application that they actually love to use and that’s what we plan to continue rolling out in an aggressive manner to organizations looking to enhance their service, while reducing workload.”
“Samanage has been growing quickly and addresses a real need in the market. We clearly want to keep fostering this,” says Ronen Nir, Partner at Carmel Ventures. “We’re delighted to continue supporting the experienced founding team of Samanage and help them build a great company.”
“We see standout potential in Samanage,” says Yossi Sela, Managing Partner, Gemini Israeli Ventures. “The experienced Samanage team has created a unique product with awesome user experience that is already making waves in the conservative world of IT management software. Samanage is ready to capture an even larger share of this huge market, and these funds will be directed to boost its rapid growth.”
Samanage has recently announced that it has been nominated for two awards in North Carolina: the company is a finalist in the NCTA 2013 Awards, in the category of Fastest Growing Small Company; Samanage was also recognized by the Triangle Business Journal as one of the Best Places to Work in 2013. In addition, THINKStrategies awarded Samanage a Best of SaaS Showplace honor for the measurable business value delivered to its customers.
Samanage, the service success company, is the most reviewed and highest rated IT service desk solution. We are redefining employee service experiences by empowering organizations to maximize the potential from their most important asset – their people. Samanage’s cloud-based employee service management platform is smart, easy to use, and inspires companies ranging from startups to global market leaders to simplify complex tasks and automate services across their entire organization. With more than 2,000 customers around the world in a variety of vertical markets, our software can be tailored to meet specific service needs.