Overview

ConnectWise provides a software platform designed for Technology Solutions Providers (TSPs) to manage their business operations effectively. The platform includes tools for business management, remote monitoring and management, remote access, and automation of quotes and proposals, as well as conducting cybersecurity risk assessments. It integrates with numerous vendors, creating a comprehensive ecosystem that supports various IT service models. Unlike many competitors, ConnectWise emphasizes community engagement through its network, The IT Nation, which promotes collaboration and knowledge sharing among users. The goal of ConnectWise is to empower TSPs to streamline their operations and enhance their service offerings while fostering an inclusive culture that values diverse contributions.

Simplify's Take

What believers are saying

• ConnectWise's Asio platform enhancements focus on security, automation, and operational efficiency.
• Strategic leadership appointments aim to drive innovation and expand market reach.
• Consolidation of IT Nation and councils enhances partner experiences and operational efficiency.

What critics are saying

• Emerging SaaS platforms offer similar services at lower costs, threatening market share.
• Rapid technological advancements may outpace ConnectWise's feature integration capabilities.
• Economic uncertainties may lead to reduced spending on software subscriptions, impacting revenue.

What makes ConnectWise unique

• ConnectWise offers a comprehensive platform tailored for Technology Solutions Providers (TSPs).
• The company integrates hundreds of key vendors, creating a robust ecosystem for users.
• ConnectWise fosters a highly engaged community, known as The IT Nation, for collaboration.

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Funding

Total Funding

$580k

Below

Industry Average

Funded Over

1 Rounds

$580,000

Seed

Jul 2019

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$500k

$580k

$1.5M

$2M

$2.3M

$3M