Virtual workspace solutions company FSLogix has closed a $7.5 million Series C funding round led by Atlanta-based Noro-Moseley Partners and Washington, DC-based TDF Ventures.
FSLogix saw an over 300 percent increase in revenue in 2017 — their customer base has grown more than five-fold since 2015. The Series C funds will be used to expand the marketing and sales teams, as well as development.
This latest capital injection brings the company’s total outside funding to $12.5 million.
“Our development team in Utah is actively recruiting and growing the team both to support sales of our current products in large global enterprise, and bringing in new skill sets for some future roadmap products that I can’t wait to talk to you about later in the year,” says CEO Kevin Goodman. “FSLogix solutions are highly relevant in both private cloud and the emerging public cloud space.”
FSLogix allows enterprises to seamlessly move their data to provide a virtual workspace for remote employees, allowing them to securely access everything they would have on their office desktop. The cloud-based platform provides access to native user profiles and Office 365 and applications. FSLogix was recently approved to join Amazon Web Services Partner Network and will continue to integrate and work with Citrix and Microsoft around Office 365 and Azure.
“Today, these markets are serviced by unique reseller communities, so we’re doing a lot to expand our reach and awareness to these different spaces, and engaging where the largest growth is expected — in hosting providers and global MSPs [Managed Service Providers],” says Goodman.
Goodman also plans to leverage the funds to fuel an international expansion into Latin America and Asia. FSLogix has offices in Salt Lake City, Colorado Springs, Boston, the Netherlands, and London.
“Currently, 50 percent of our business is outside of the U.S. Yet, we have areas such as Latin America and the Pacific Rim that we have barely touched,” says Goodman. “We believe these will be excellent growth areas for us. FSLogix serves the enterprise and these days all of the big firms are multinational.”
The funding comes with new additions as well — Alan Taetle of Noro-Moseley Partners and Jim Pastoriza of TDF Ventures will be joining FSLogix’s Board of Directors.
“Remote employees are the future workforce for the largest global industries and will provide an enormous corporate benefit in terms of business agility, reduced operational costs, and accessibility to top-talent,” said Taetle in a statement.
“FSLogix accelerates this transition by eliminating the existing cost and productivity barriers of cloud desktop platforms that enable the virtual worker trend.”