SINGAPORE and TOKYO, September 6, 2023 /PRNewswire/ — Josysa leading SaaS (Software-as-a-Service) and device management platform that helps enterprises reduce IT operating costs and improve security systems, announced today that it has raised $93 million in Series B financing. Global brain And Global Capital Partners led the latest capital injection, bringing its total funding to $125 million.
In the context of shifting to remote working, adopting SaaS brings cybersecurity risks, shadow IT issues, and device management challenges for businesses. Josys was founded in 2021, at the height of the Covid-19 pandemic, to respond to these issues. The solution it offers helps businesses automate and optimize the management of their software applications and devices. In September 2022the company raised $32 million in its Series A round. Since then, Josys has experienced explosive growth, winning over 300 customers and increasing its turnover tenfold.
“In the wake of the pandemic, we are seeing increased complexity in IT operations around the world as businesses struggle to modernize their operations and catch up with the technological and human changes that have transformed how and where work is done. work and adopted many SaaS solutions, the challenge of maintaining the It issingle source of truth‘ for IT operations has become intimidating,” said Yasukane Matsumoto, CEO, Josys.
With this new round of financing, Josys plans to expand its product and engineering team and expand its operations by United States, and the APAC region. Josys also plans to expand its go-to-market strategy, with a focus on growing its network of managed service providers for increased territorial coverage and accelerated service delivery.
“We have succeeded in forging strategic partnerships with key regional players and local entities and integrating a wave of new customers in the APAC region. With customer onboarding momentum propelling us forward, this will further strengthen our position as an industry leader. announcements in the fourth quarter of 2023″, added Mr. Matsumoto.
This expansion will allow Josys to also provide IT outsourcing services for device lifecycle management, covering the purchase, configuration, shipping, repair and storage of laptops and mobiles, which will be particularly valuable for multinational organizations employing international employees. By offering local sourcing and support for devices, Josys can dramatically reduce IT onboarding time for overseas employees, from weeks to just days.
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