ConnectWise Capital and CharTec Announce Joint Venture

TAMPA, Fla. and BAKERSFIELD, Calif., Feb. 1 /PRNewswire/ -- ConnectWise Capital, the funding arm of ConnectWise, today announced a joint venture with CharTec, a complete "Hardware as a Service" (HaaS) provider. The CharTec HaaS program enables IT Service companies to offer computer hardware and software to end users with no upfront capital investment.

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CharTec is the first recipient of funding from ConnectWise Capital which will incubate innovative solutions to be sold exclusively through the IT channel. ConnectWise is the lT Industry's leading professional service automation (PSA) application.

"Hardware is often the 'missing piece' of many Managed Service offerings," said Alex Rogers, CharTec CEO. "We make it possible for IT service companies to obtain custom equipment and licensing to sell to their clients. We also provide sales/ marketing training, warranty replacement and help desk services."

"CharTec delivers a vital service to the IT Nation," said David Bellini, the ConnectWise co-founder who leads ConnectWise Capital. "We are proud to add CharTec and their HaaS business model to the largest network of tools, knowledge, and support for the IT services community."

"ConnectWise is enabling the long term success of the IT Nation. Their investment in CharTec is a vote of confidence that ConnectWise sees the value of HaaS to IT solution providers," said Rogers.

Terms of the investment were not disclosed.

About ConnectWise

ConnectWise is the leading provider of professional service automation (PSA) applications designed exclusively for technology consultants, integrators and developers. More than 36,000 IT solution professionals rely on ConnectWise to more efficiently integrate key business operations across their enterprises, from business development and project management to client services and billing. ConnectWise technology enables IT companies to drive greater accountability, operational efficiency, profitability, and tighter systems integration. For more information please visit our website or call 800-671-6898.

About ConnectWise Capital

ConnectWise Capital incubates innovative solutions to be sold exclusively through the IT channel. Its $20M fund is targeting 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 this page or send an email to [email protected].

About CharTec

CharTec "Hardware as a Service" (HaaS) program helps technology companies transition to the next level of annuity-based profitability as Managed Service Providers. CharTec Partners can increase their customers' productivity and reduce overall costs using the program because hardware and service costs are no longer an obstacle-- workstations, servers, firewalls, 24x7 helpdesk, even VOIP, are easily acquired. CharTec even goes "beyond HaaS" by providing private labeled hardware, professional sales and technical training and pricing tool that allows Partners to price offerings in less than 5 minutes.  CharTec is the winner of three Channel Insider Bull's Eye Awards and Business Solutions Magazine Innovator of the Year Award for 2009.  CharTec is headquartered in Bakersfield, CA. For more information please visit http://www.chartec.net.

SOURCE ConnectWise