NinjaOne secured $500 million in funding to propel its endpoint management solutions, increasing its valuation to $5 billion. The investment, led by ICONIQ Growth and CapitalG, will support R&D in autonomous management and patching solutions, enhance IT use cases, and ensure strong customer support. Notably, it will partially fund the acquisition of Dropsuite, a $252 million deal aimed at strengthening NinjaOne's data protection capabilities. CEO and executives emphasized prioritizing customer value over profits as they address the evolving challenges facing organizations in a remote work environment.
"We solve a growing problem all organizations face as work continues to evolve beyond the office and the number of devices and applications surges - more risk, higher costs, and lower productivity," Andre Schindler, GM, EMEA, and SVP of Global Sales at NinjaOne, said.
"With this funding, we can continue to help UK organizations overcome these challenges by investing further in product innovations that drive real business outcomes for our UK and global customers," Schindler added.
CEO Sal Sferlazza echoed Schindler's comments, calling endpoints the "backbone" of organizations today.
"Many private equity funded companies focus on cutting services to increase profits. At NinjaOne, we believe in investing more to provide additional value to our customers," Matarese said.
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