NinjaRMM raises new financing round led by Summit Partners to expand market leadership position
The new growth equity funding allows Ninja to double-down on product development to further enable customer success, with new offerings and enhancements designed to make IT professionals and managed service providers (MSPs) even more productive and profitable.
SAN FRANCISCO, March 12, 2020 /PRNewswire/ -- Today, NinjaRMM, the modern remote monitoring and endpoint management solution announced that it has closed a growth equity funding round led by Summit Partners. Summit holds a minority stake in NinjaRMM, ensuring the company remains independent and founder-led.
With the new capital, Ninja will continue its product-first blueprint that has catapulted it into frontrunner status as a top alternative to legacy RMMs. In 2019, the company grew its engineering department by 60% and will continue increasing its development capacity to rapidly release more features and platform improvements and further accelerate its pace of innovation.
"Summit's financing will enable us to move even faster, deliver more value to our customers and accelerate market leadership," said Salvatore Sferlazza, CEO of NinjaRMM. "We are excited to partner with Summit who has a wealth of experience advising highly successful companies, while giving us the flexibility to operate as an independent organization. We've always strived to deliver a product that continuously exceeds expectations, and as the largest independent RMM solution on the market, we're proud of what we've accomplished in such a short amount of time."
"NinjaRMM is focused on disrupting the status quo by bringing better products and better service to highly skilled IT professionals," said Andrew Collins, a Managing Director at Summit Partners and member of the NinjaRMM Board of Directors. "The company's powerful, intuitive platform is backed by incredible customer support and takes a fresh, innovative approach to remote monitoring and endpoint management. We believe that the MSP and IT software market has been underserved for years, and we are proud to support Ninja's continued expansion in the sector."
In addition to Sferlazza, who previously founded Anchor, PacketTrap, and Lasso Logic, Ninja's executive team of channel veterans and industry experts has guided the company through its early days as one of the first cloud-native MSP software solutions to its current position as an emerging market leader. Summit Partners has deep experience helping disruptive, fast-growing cloud and SaaS companies accelerate their growth. Other endpoint security and management companies backed by Summit include Jamf, Continuum, and Red Canary.
Ninja currently supports more than 4,000 customers, with some customers managing nearly 20,000 endpoints. Ninja's software solution is available on a monthly subscription with a flexible pricing structure, which means Ninja can support its customers as their needs scale. For more information on how Ninja can help IT teams deliver more efficient and effective solutions to businesses, visit us at www.ninjarmm.com.
About NinjaRMM
NinjaRMM provides powerful, cloud-based remote monitoring and management software to managed service providers, SMBs, and mid-market companies, which offers an exceptional user experience and all the support you need to deliver fast and effective IT management. NinjaRMM increases business efficiency by combining monitoring, alerting, patching, antivirus, backup, and IT automation all within a single pane of glass. NinjaRMM has been named a Leader by G2Crowd and rated the #1 RMM across 8 categories, including ease of use, product direction, quality of support and overall satisfaction. NinjaRMM has offices in San Francisco, Los Angeles, San Luis Obispo, Tampa, and Berlin, Germany. Learn more by visiting www.ninjarmm.com or signing up for a free trial.
About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $19 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare, consumer and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or follow on LinkedIn.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies. For a complete list of Summit Partners portfolio companies, please click here.
Media Contact
Kodie Dower, Media Relations Manager, NinjaRMM
[email protected]
Meg Devine, Chief Marketing Officer, Summit Partners
[email protected]
SOURCE NinjaRMM
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