LLR Partners has completed a growth investment in Dizzion, a Managed Desktop as a Service (DaaS) provider that enables thousands of workers to operate in a secure and compliant work-from-home or remote environments. Dizzion’s ARR grew by over 130 percent in 2020, LLR told PE Hub. Previous Dizzion investors include Grotech Partners, Access Venture Partners, Point B Capital and Correlation Ventures.
DENVER, CO. January 5, 2021 – Dizzion, Inc., the industry leader in Managed Desktop as a Service (DaaS), today announced an investment from private equity firm, LLR Partners. The partnership will help enable the company’s continued hyper growth, expansion of its team, its End User Cloud (EUC) platform, alliance partnerships, and the exploration of acquisition opportunities.
Throughout its history, Dizzion has supported hundreds of customers and tens of thousands of end users transitioning to secure and compliant work from home/remote environments. This partnership with LLR provides the resources Dizzion requires to expand its AnyCloud global delivery initiative, offering Managed DaaS with customer choice of infrastructure and availability in 26 countries on six continents.
“Dizzion’s decision to partner with LLR was based on more than just capital. LLR’s expertise, unique resources and 21-year history of supporting high-growth technology leaders, like Dizzion, fits perfectly into our long-term commitment to delivering premium cloud desktops to high-performing remote workers across the globe,” said Steve Prather, CEO of Dizzion. “2021 presents unprecedented opportunity with enterprise and mid-market organizations implementing long-term remote work solutions that address security, compliance and performance requirements. Partnering with LLR, we aim to capitalize on this opportunity, taking Dizzion AnyCloud global delivery to the next level and continuing our mission of redefining the way the world works.”
“Long before the pandemic changed the way we think about remote work, Dizzion had fully virtualized the desktop experience to the cloud and layered it with the security and compliance protection needed for companies to operate from anywhere,” said Michael Pantilione, Principal at LLR Partners. “In the face of all the challenges presented in 2020, Steve and his team did an incredible job quickly enabling thousands of desktops for work-from-home when they were needed most. LLR believes the demand for remote work capabilities is here to stay and we’re excited to partner with Dizzion to help deliver this core technology to facilitate it.”
The Dizzion investment augments LLR Partners’ extensive portfolio of high-growth, differentiated technology companies. Pantilione joins the Dizzion board of directors along with David Reuter, Partner at LLR. Previous Dizzion investment partners include Grotech Partners, Access Venture Partners, Point B Capital and Correlation Ventures. Needham and Company served as advisor and KO as counsel to Dizzion on this transaction; DLA Piper served as counsel to LLR Partners.
Dizzion, Inc. is a leading provider of high-performance managed Desktop as a Service (DaaS) to the global remote workforce. Founded in 2011, Dizzion’s proven end-user cloud platform enables maximum work from home success while protecting business process outsourcers (BPO), enterprise contact centers, healthcare, financial services, and insurance companies with real HIPAA, PCI-DSS and SOC 2 Type II compliance. Customers further digital transformation with AnyCloud global delivery, seamless hybrid IT integration, zLink secure endpoints, and COSMOS orchestration and analytics. Visit dizzion.com for more information. Dizzion | Work from Home. Business as Usual.
About LLR Partners
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts.