Nerdio
announced completion of a Series B funding round investment of $117
million by Updata Partners, a leading growth equity company.
"Updata
has a significant track record investing in and growing B2B SaaS
companies over the past 20 years and we are thrilled to be the newest
addition to their portfolio," said Vadim Vladimirskiy, CEO and
co-founder, Nerdio. "Their unique expertise will meaningfully accelerate
our journey in becoming the leading cloud and DaaS management platform
for service providers and enterprises."
Nerdio adds value on
top of the powerful capabilities in Azure Virtual Desktop, Windows 365,
and Microsoft Intune by delivering hundreds of features to simplify
management, ensure efficient operations, and lower compute and storage
costs by up to 80% compared to unoptimized Azure environments.
It
is the only Azure management platform that allows admins to seamlessly
provision and manage deployments of both Azure Virtual Desktop and
Windows 365 side-by-side. This allows partners and organizations
unmatched flexibility for scaling and fine-tuning their DaaS approaches
and equipping employees with the right desktops and applications.
"We
are incredibly excited to join Nerdio on their journey helping
enterprise organizations and partners modernize their DaaS initiatives
and delivery methods," said Carter Griffin, General Partner, Updata.
"Their market traction to-date and the proven value they can provide
organizations of every size and vertical has us extremely excited to
join the board of directors and help Nerdio build upon their
market-leading position."
Nerdio plans to more than double its
headcount over the next year with a strong focus on expanding the
company's executive leadership. It will expand its sales staff and
presence in even more countries in addition to recent growth across UK,
EMEA, Australia, New Zealand, India, and Brazil.
Additionally, the company is gearing up for its annual partner conference, NerdioCon,
taking place February 27 - March 3, 2023, in Cancun, Mexico. Hundreds
of MSP and enterprise partners from around the world are expected to
attend the event where Nerdio will share their product vision, roadmap
and plans to significantly expand the opportunity for partners to build
successful cloud practices on top of Microsoft technologies.
As
part of the investment, Updata has been appointed to Nerdio's Board of
Directors and will join existing members Gavriella Schuster, Microsoft's
former Global Channel Chief; Andy Lees, another former top Microsoft
executive who served as President and Corporate Vice President during
his 23-year tenure; Bret Maxwell, Managing General Partner, MK Capital;
and Vadim Vladimirskiy, Nerdio CEO and co-founder. Nerdio previously
raised a $8 million Series A round in February 2020 led by Vladimirskiy,
MK Capital, and Joseph Landes, the company's Chief Revenue Officer and
co-founder.