Dizzion, Inc. announced an investment from private equity firm, LLR Partners.
The partnership will help enable the company's continued hyper growth,
expansion of its team, its End User Cloud (EUC) platform, alliance
partnerships, and the exploration of acquisition opportunities.
Throughout
its history, Dizzion has supported hundreds of customers and tens of
thousands of end users transitioning to secure and compliant work from
home/remote environments. This partnership with LLR provides the
resources Dizzion requires to expand its AnyCloud global delivery
initiative, offering Managed DaaS with customer choice of infrastructure
and availability in 26 countries on six continents.
"Dizzion's
decision to partner with LLR was based on more than just capital. LLR's
expertise, unique resources and 21-year history of supporting
high-growth technology leaders, like Dizzion, fits perfectly into our
long-term commitment to delivering premium cloud desktops to
high-performing remote workers across the globe," said Steve Prather,
CEO of Dizzion. "2021 presents unprecedented opportunity with enterprise
and mid-market organizations implementing long-term remote work
solutions that address security, compliance and performance
requirements. Partnering with LLR, we aim to capitalize on this
opportunity, taking Dizzion AnyCloud global delivery to the next level
and continuing our mission of redefining the way the world works."
"Long
before the pandemic changed the way we think about remote work, Dizzion
had fully virtualized the desktop experience to the cloud and layered
it with the security and compliance protection needed for companies to
operate from anywhere," said Michael Pantilione, Principal at LLR
Partners. "In the face of all the challenges presented in 2020, Steve
and his team did an incredible job quickly enabling thousands of
desktops for work-from-home when they were needed most. LLR believes the
demand for remote work capabilities is here to stay and we're excited
to partner with Dizzion to help deliver this core technology to
facilitate it."
The
Dizzion investment augments LLR Partners' extensive portfolio of
high-growth, differentiated technology companies. Pantilione joins the
Dizzion board of directors along with David Reuter, Partner at LLR.
Previous Dizzion investment partners include Grotech Partners, Access
Venture Partners, Point B Capital and Correlation Ventures. Needham and
Company served as advisor and KO as counsel to Dizzion on this
transaction; DLA Piper served as counsel to LLR Partners.