LabTech Funding Expands MSP Automation Choices

TAMPA, Fla. and TOLEDO, Ohio, Feb. 19 /PRNewswire/ -- ConnectWise Capital, the funding arm of ConnectWise, today announced funding of LabTech Software, a unique  Managed Services software application for remote monitoring, management and automation.  

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100105/FL32155LOGO)

"LabTech is the only remote monitoring, management, and automation tool developed BY a managed service provider FOR managed service providers. Our affordable, agent-based solution quickly transforms solution providers into managed service providers with the flip of a switch.  Field Technicians become NOC technicians in 15 minutes because we are the only solution that emulates what technicians do in the field.  We understand our Partners because we are also an MSP.  We let our Partners purchase the number of agents they need to start, and add as they grow," said Matt Nachtrab, LabTech's CEO.

"LabTech currently integrates with ConnectWise and all leading PSA solutions, and will continue to support and improve these interfaces," affirmed Nachtrab.  

"LabTech Software is the second ConnectWise Partner to receive funding from ConnectWise Capital which was formed to incubate innovative solutions that come FROM the IT channel to be sold EXCLUSIVELY through the IT channel " said David Bellini, the ConnectWise co-founder who leads ConnectWise Capital.

"ConnectWise integrates seamlessly to most Managed Service applications.  LabTech is a great additional choice for the IT Channel.  It's about more choices, not less. It's about open and better APIs.  Our funding of LabTech will sharpen our ability to integrate with all Managed Service solutions.  Our APIs will continue to be open and available to all Managed Service tools and we will continue to work closely with all of our integration partners to increase choice.  We are starting to see MSP tools becoming targeted and vertical, so expanding choices for the IT channel is very important," continues Bellini.

About ConnectWise

ConnectWise provides the leading business operating system designed exclusively for IT service providers, MSPs, technology consultants, integrators and developers. Developed 28 years ago for their own use, ConnectWise founders realized their application would significantly help other IT companies run their business better by boosting their productivity and simplify their work flows.  Today more than 36,000 IT professionals rely on ConnectWise to achieve greater accountability, operational efficiency and profitability. ConnectWise fully integrates CRM, sales, help desk tickets, projects, managed services, SLAs, dispatching, time and expenses to streamline IT companies.  ConnectWise has become a standard in the IT industry with over 300 API integration partners. For more information please visit www.ConnectWise.com or call 800-671-6898.

About ConnectWise Capital

ConnectWise Capital incubates innovative solutions developed by its Partners in the IT channel exclusively FOR the IT channel. Its $20M fund targets emerging products and services that create market advantage and new opportunities for the IT Channel. ConnectWise will bring its 28 years of experience, channel focus, and market leadership to the companies funded by ConnectWise Capital. To reach ConnectWise Capital, please visit www.ConnectWise.com/capital or send an email to [email protected]

About LabTech Software

LabTech is the only Managed Service tool for remote monitoring, management, and automation developed by a managed service provider (MSP) for MSPs. Their affordable, agent-based solution so closely emulates what technicians do in the field that the techs can provide the same support remotely. Because LabTech understands how to manage a growing MSP business, they make it easier to procure their software and allow partners to add agents as they grow. For more information please visit www.LabTechSoft.com.

SOURCE ConnectWise Capital