Help/System LLC Receives Funding from Summit Partners

Help/System LLC, a company in the automation software business, recently received another round of funding from Summit Partners, a venture firm that invests in technology companies and has been a supporter of the firm in the past. This type of funding will be crucial to the company as it continues to grow and keeps improving its profitability. In specific terms, the new funds will help support ongoing organic growth, along with the acquisition of other, smaller companies, to help them keep the core business going.

Help/Systems was founded in 1982 and has received a few investments along its history. It deals with automation, security and business intelligence solutions. Their products are aimed at IBM (News - Alert), Unix, Linux and Windows operating systems, providing support for industry wide platforms and services. With over 5,100 customers around the world, the company has quickly evolved into more than just a software house, and now provides fully integrated solutions. The products and services help IT departments in growing trends including on the focus of automating IT management, virtualization and accessing data remotely. Security is a core value of the company and the increased need for security in various networks make their products useful for many businesses.

According to a statement by the CEO of the company, Summit Partners are already well versed in global software solutions, and this partnership will help expand its services and reach around the world. This is the second such investment from Summit, and the first one was in 2005, where they initially helped with the growth of the company, providing more funds to improve their software solutions, and offered the needed working capital for the company to keep growing. There's no saying yet what these new cash advances will be used for, other than generic growth, although with the booming market of technology and cloud solutions, it's quite possible that the type of products this company offers will be in high demand in the future.

Help/Systems is a well known U.S. company in the automation and security business, using solutions from all major providers including IBM, Unix, Linux and Windows to provide solutions to its clients. It also became ISO 9001 certified early on. In addition, Summit Partners is a growth equity firm and invests in fast growing technology companies. Summit has done over $14 billion in capital investments.