While most all of the kids (and maybe even some adults!) were out trick or treating yesterday, Unitrends was busy announcing the fact that they have received a major growth equity investment from Insight Venture Partners.With financial terms of the transaction not disclosed, some of you might remember seeing Insight Venture Partners’ name in industry news this past summer, when Kaseya made a similar announcement that the VC firm was set to acquire the RMM.
As a result of the additional investment, Unitrends will continue building on its momentum. 2012 closed as the most profitable year in the company’s history, and Q3 2013 marked the company’s 19th consecutive quarter of record growth. Earlier this year, Unitrends launched a major expansion into Europe, added to its customer support ranks at its Columbia, S.C., headquarters, and hired 125 new employees across all functional areas.
Unitrends’ current executive team will continue to lead the company; the company says that it will also continue to invest in technologies and services that deliver heterogeneous data protection at the lowest total cost of ownership (TCO) in the industry, as well as invest in new product development and innovation.