DENVER, CO, Cloud-delivered desktop provider, announced today a $3.9 million Series A funding.
Colorado-based Dizzion, Inc., cloud-delivered desktop provider, announced today a $3.9 million Series A funding round co-led by investors Grotech Ventures and Access Venture Partners with Point B Capital, Correlation Ventures and Service Provider Capital completing the investment round. With the funding, Dizzion will continue to expand its presence in the fast growing end user computing market, which includes Virtual Desktops and Desktop as a Service (DaaS).
'Today, companies require more flexible ways to manage and secure corporate and sensitive data such as personally identifiable information, credit card numbers and health records, while allowing users the ubiquitous access they require from the device of their choice,' said Steve Prather, CEO of Dizzion. 'Dizzion helps solve these problems by creating a highly secure, virtualized corporate work environment that meets compliance standards and takes companies into 21st century computing.'
Founded in 2011, Dizzion helps companies eliminate the expense and frustration of corporate desktops, which are difficult and expensive to manage and do not provide the security needed for an enterprise environment. The company provides industry-leading end user computing services to more than 40 companies globally, including major brands like TELUS International, Delta Dental and Red Robin Restaurants. Dizzion's high-performance virtualized desktop environments provide the fastest end user experience, while also being customizable for businesses with stringent security and compliance needs, such as financial services, healthcare and contact center companies. In addition to providing services directly to customers, Dizzion has nineteen reseller partners, including HOSTING, ViaWest and DTSi that bundle the technology with their core service capabilities providing customers with comprehensive outsourced IT solutions.
'Desktop virtualization is expected to grow to a $5.6 billion industry, and we believe this market has potential to expand further as corporate computing adapts to cloud-based technologies,' said Joe Zell, general partner at Grotech Ventures. 'Dizzion detected this market opportunity years ago and, staking a strong leadership position, is poised for expansion in both market size and technology innovation. The additional capital infusion will help the team take advantage of its substantial market presence and further advance cloud computing into the corporate workspace.'
Dizzion has realized double-digit revenue growth every year since it began, and with this new investment, it plans to more-than-double its team, allowing it to serve more customers across the globe. It will also increase its visible market presence, as well as form new partnerships with key technology leaders so it can continue to offer an innovative and comprehensive, all-inclusive service to customers.
Established in 2011, Dizzion [dizh-uhn] brings the power of cloud computing to the desktop by enabling employees to securely access their applications and data from any device, anytime, anywhere. Dizzion's proprietary managed desktop service is built on enterprise technology that includes infrastructure, software licensing, management, support and security for a monthly fee. Dizzion is a privately held company based in Denver, Colorado. For more information, visit www.dizzion.com
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about