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.”
Unlike existing scenario-based ITAM solutions, Lansweeper leverages agentless discovery and agent-based scanning to rapidly assemble a complete and accurate IT asset inventory that provides users with end-to-end visibility of their IT asset ecosystem. Lansweeper is driving and supporting strategic decisions and the alignment of internal and external IT teams in a manner that future-proofs IT organisations for any new challenges that may arise.
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 calibre 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.
“As a firm with deep expertise in best-of-breed enterprise software we are excited to bring the full force of Insight Partners’ ScaleUp specialists to help Lansweeper in this next stage of growth, and we are very excited to be making this investment.”
Dave Goossens, CEO at Lansweeper concludes: “Insight Partners recognizes the Asset Inventory challenge our customers and partners are facing every day and they understand that this challenge is only growing bigger in this Hybrid IT world. We look forward to tapping into their expertise and business network to further accelerate our growth.”
Shea & Company as well as Allen & Overy served as advisors to the Company.