Belgium-born Lansweeper, a software company that provides IT asset management (ITAM) software solutions for tracking IT assets, has raised €130M from Insight Partners, a global VC, and private equity firm. Insight Partners will join Lansweeper’s existing investor Dovesco, who invested back in 2018.
Michael Triplett, MD at Insight Partners says, “As a firm with deep expertise in best-of-breed enterprise software we are excited to bring the full force of Insight Partners’ ScaleUp specialists to help Lansweeper in this next stage of growth.”
Lansweeper believes the backing from Insight Partners and Dovesco will help them grow in the market as well as redefine the ITAM market. Since 2004, Lansweeper has been building a product platform and team and will use the capital to help expand its market reach, strengthen partnerships and alliances, and accelerate product innovation.
Since 2018, Lansweeper’s headcount has grown more than four fold, and the company now employs more than 150 people in offices across Europe and the US – while remaining profitable.
Speaking on the development, Wayne Williams, Chairman at Lansweeper says, “With Insight Partners joining the Board, this is a recognition of our results and success, but also another major step towards the evolution of IT Asset Management – ITAM 2.0. Our mission is to empower IT Managers with reliable asset data and key insights so they can better manage, secure, and continuously optimise their IT Estate, a fundamental element for the digital transformation facing us in the next decade and beyond.”
How does Lansweeper benefit your business?
Founded in 2004, Lansweeper is an IT asset management software provider that helps businesses understand, manage, and protect their IT devices and network. It helps its clients to minimise and optimise their IT assets by providing actionable insight into their IT infrastructure, offering insights about the state of users, devices, and software.
The company’s platform scans and inventorises all types of IT devices, installed software, and active users on a network – allowing companies to centrally manage their IT. Currently, the platform discovers and monitors around 100 million connected devices from more than 25,000 customers.
Lansweeper’s customers include Mercedes, FC Barcelona, Michelin, Sony, Carlsberg, Nestlé, IBM, Maersk, and Samsung to governments, banks, NGOs, and universities. The company has over 150 team members who operate from Belgium, Spain, Italy, Ireland, UK, and the USA.
Dave Goossens, CEO at Lansweeper says, “Insight Partners recognises the Asset Inventory challenge our customers and partners are facing every day, and they understand that this challenge is only growing bigger in this Hybrid IT world. We look forward to tapping into their expertise and business network to further accelerate our growth.”
A brief about the investors
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software scale-ups that are driving transformative change in their industries. The firm was founded in 1995 and has invested in more than 400 companies worldwide. It invests through raising Series of funds with more than $30B in capital commitments.
Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Some of its portfolio companies DeliveryHero, Shopify, Twitter, Tumblr., and PayCargo, among others.
As for Dovesco, it is a mid-market Belgian private equity investment firm. It is part of the Domo Investment Group, owned by the Jan De Clerck Family, and is active in (i) the chemicals industry through Domo Chemicals, (ii) private equity through Dovesco and, (iii) real estate through Alinso.
The firm’s investment strategy consists of partnering with ambitious business owners and management teams to accelerate the growth of their businesses, both organically and, where appropriate, through strategic acquisitions. It invests in profitable cash-generating companies with leading market positions led by strong management teams. Dovesco has made over 20 investments during its recent history, some of which include Afix, Vision Healthcare, Flying Alliance, and Axosoft, among others.