[Netherlands] RES Software, which offers workspace management software and services, has secured a €4.7 million investment from the publicly traded European private equity and VC firm Gimv.
Having recently appointed a new CEO and seen ‘significant customer wins’ in the Netherlands, UK and France, RES Software says it will use the new finance to further its international expansion, although North America is cited as a priority.
The company, which was founded in Den Bosch in the Netherlands in 1999 and currently employs 100 people in 6 offices, says that in the past twelve months it has seen significant growth in demand for its user workspace management solutions “driven in large part by the increasing challenges facing the corporate desktop infrastructure, including the migration to Windows 7”, as well as the trend towards virtual desktops and new cloud computing services.
RES Software claims that its user workspace management technology addresses these kinds of challenges and enable companies to “more cost effectively manage and maintain desktop environments during these changes, without sacrificing user productivity.”
On the investment, Elderd Land, a partner in Gimv’s venture capital practice, says: “Desktop management is an investment area that Gimv has been tracking carefully given the size of the opportunity and the pace of change. We believe RES Software has something unique with a clear ROI and many happy customers. That combination made it a very compelling investment opportunity for us.”