Lansweeper, a provider of IT Asset Management (ITAM) 2.0 solutions, today announced it has closed a €130m minority investment by Insight Partners, a global venture capital and private equity firm.
Since 2004, Lansweeper has been building a unique product platform and team, and Insight Partners’ investment will enable the business to expand its market reach, strengthen its partnerships and alliances and accelerate its product innovation.
Insight Partners will join existing investor Dovesco, which acquired the business in 2018. Since then, Lansweeper’s headcount has grown more than fourfold, and the company now employs more than 150 people in offices across Europe and the United States – while remaining profitable.
With the backing of Insight Partners and Dovesco, Lansweeper is well positioned to execute its mission of redefining the ITAM market.
Wayne Williams, Chairman at Lansweeper commented: “With Insight Partners joining the Board, this is a recognition of our results and success, but also another major step towards the evolution of IT Asset Management – ITAM 2.0. Our mission is to empower IT Managers with reliable asset data and key insights so they can better manage, secure and continuously optimize their IT Estate, a fundamental element for the digital transformation facing us in the next decade and beyond.
Michael Triplett, Managing Director at Insight Partners commented: “We have been in touch with Lansweeper for several years, and we continue to be impressed by the caliber of the team, the strength of the underlying asset discovery technology, and the clarity of go-forward vision to redefine what it means to be an ITAM platform. Lansweeper has sustained impressive efficient growth, best in class unit economics and exceptional customer retention, speaking to the strength of Lansweeper’s product market fit.”