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IGEL | IGEL to Receive Growth Investment from TA Associates

Computing {industry} visionary Bill Veghte named IGEL Executive Chairman to guide IGEL’s continued international enlargement and capitalize on the exploding want for safe end-user computing

SAN FRANCISCO, February 15, 2021 – IGEL, supplier of the next-gen edge OS for cloud workspaces, at the moment introduced that TA Associates (“TA”), a number one international progress non-public fairness agency, has signed a definitive settlement to make a majority funding within the firm.

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TA joins current IGEL investor C. Melchers GmbH & Co. KG (“Melchers”), which has been IGEL’s major investor since its founding in 2001 and can keep a big fairness curiosity within the firm. After handing over the place of IGEL CEO to Jed Ayres final 12 months, founder and former CEO of IGEL Heiko Gloge additionally stays as a minority stake holder and board member. Financial phrases of the transaction weren’t disclosed.

IGEL additionally introduced that Bill Veghte will be part of the IGEL Board as Executive Chairman. Veghte has a long time of expertise creating working techniques and bringing industry-leading applied sciences to market as a senior chief at Microsoft and HP, as a board member for all kinds of firms together with Xero, and because the founding father of Athene Partners.

“With his network and his extensive knowledge of the industry, Bill will contribute to expanding and deepening the strong relationships that IGEL has built with technology partners,” stated Gloge.

“IGEL is the market-leading edge operating system, delivering simplicity with manageability, security, and the flexibility that delivers a richness of experience at a time when customers need these capabilities more than ever before,” stated Veghte. “I am pleased to be joining the IGEL Board at such a transformational time for the company and the industry, and to be supporting Jed and the team in accelerating IGEL’s growth.”

In addition to the naming of Veghte as IGEL Executive Chairman, Jonathan Meeks, Managing Director, TA Associates, and Stefan Dandl, Principal, TA Associates, shall be added to the IGEL board. They will be part of current IGEL board members Heiko Gloge, Managing Partner, and Nicolas Helms, Melchers Managing Partner. Together with Ayres and the management staff, they plan to speed up the corporate’s progress globally via elevated operational and improvement bandwidth and important go-to-market investments, together with the additional activation of channel companions, to make sure the wide-spread adoption of IGEL OS throughout more and more distant and distributed end-user machine estates.

IGEL has been on an expansive trajectory with triple-digit progress over the previous 5 years in billings, margin and items. For the 12 months ended December 31, 2020, IGEL elevated revenues from recurring software program services and products by over 150% year-over-year worldwide, supported by IGEL’s rising channel associate ecosystem. Today, IGEL OS is working on greater than four million edge units and counting.

“The world’s digital workers have gone remote and we believe this new paradigm is here to stay. IGEL is at the center of this EUC revolution with solutions that meet the need for secure, simple to manage and cost-effective cloud workspaces,” stated Ayres. “With new backing by TA and the experience of Bill to guide us, we believe that we have the resource depth needed to not only capitalize on this exploding global market need but also innovate quickly to remain strategically positioned for the future of edge computing.”

With the widespread shift to distant work and hybrid work situations, the EUC market is in transition, with rising investments in digital desktop infrastructure (VDI) and cloud workspaces. IGEL is a key enabler of this motion, offering the next-gen OS for cloud workspaces that reduces {hardware} prices and working bills with a safer endpoint administration and management platform for practically any x86 machine.

“We believe IGEL is setting the benchmark for the new era of computing on the endpoint, and is primed to drive rapid and sustainable organic growth,” stated Meeks. “With strong market leadership and a solid history of innovation and execution, IGEL is uniquely positioned to fulfill the ubiquitous need for secure, manageable cloud workspaces to support remote workers from anywhere. TA is pleased to be partnering with IGEL on this journey.”

“IGEL was founded based on a vision to help customers realize the benefits of a more secure, manageable and productive edge device infrastructure,” stated Gloge. “Today, we are delivering on this vision with both passion and prowess.”

“After supporting IGEL since its founding in 2001 as principal investor, we are excited by the opportunities presented with TA´s investment in IGEL,” Helms said. “We expect that the partnership with TA will provide IGEL with the experience, market access and resources to help propel IGEL through the next phase of growth.”

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About IGEL
IGEL supplies the next-gen edge OS for cloud workspaces. The firm’s world-leading software program merchandise embody IGEL OS™, IGEL UD Pocket™ (UDP) and IGEL Universal Management Suite™ (UMS). These options comprise a safer, manageable and cost-effective endpoint administration and management platform throughout practically any x86 machine. Easily acquired through simply two feature-rich software program choices — Workspace Edition and Enterprise Management Pack — IGEL software program presents excellent worth per funding. Additionally, IGEL’s German engineered endpoint options ship the {industry}’s greatest {hardware} guarantee (5 years), software program upkeep (three years after finish of life) and administration performance. IGEL permits enterprises to save lots of huge quantities of cash by extending the helpful lifetime of their current endpoint units whereas exactly controlling all units working IGEL OS from a single dashboard interface. IGEL has places of work worldwide and is represented by companions in over 50 international locations. For extra info on IGEL, go to www.igel.com.

About TA Associates
TA Associates is a number one international progress non-public fairness agency. Focused on focused sectors inside 5 industries – know-how, healthcare, monetary providers, client and enterprise providers – TA invests in worthwhile, rising firms with alternatives for sustained progress, and has invested in additional than 500 firms around the globe. Investing as both a majority or minority investor, TA employs a long-term method, using its strategic assets to assist administration groups construct lasting worth in prime quality progress firms. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments on the tempo of over $three billion per 12 months. The agency’s greater than 100 funding professionals are primarily based in Boston, Menlo Park, London, Mumbai and Hong Kong. More details about TA Associates could be discovered at www.ta.com.

About C. Melchers GmbH & Co. KG
Headquartered in Bremen, C. Melchers & Co. has been a non-public, owner-managed partnership since 1806. Melchers is likely one of the main service suppliers for all these firms in search of to achieve a foothold on the markets of the long run. Their know-how and infrastructures have grown in the midst of two centuries and at the moment comprise a variety of providers and buying and selling know-how in various areas of enterprise. Their community of greater than 50 subsidiaries in Germany and overseas with a give attention to Asia makes Melchers a robust, reliable associate for market enlargement providers. More info on Melchers could be discovered at www.melchers.com

Media Contacts:
Erin Jones
Avista PR for IGEL
+1 704.664.2170
igel@avistapr.com

Marcia O’Carroll
TA Associates
+1 617.574.6796
mocarroll@ta.com

Philip Nunes
BackBay Communications for TA Associates
+1 617.391.0792
phil.nunes@backbaycommunications.com

Stephen Fishleigh
BackBay Communications for TA Associates
+44 203 475 7552
stephen.fishleigh@backbaycommunications.com

Dirk Sänger
For C. Melchers GmbH & Co. KG
Dirk.Saenger@melchers.de
+4942117691225

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