Josys, a SaaS Management platform that simplifies how IT works, announced it has successfully secured $100 million in venture debt. This latest funding – combined with the $125 million Josys has previously raised – gives the company the strongest financial backing of any SaaS Management company in the world.
Josys also announced plans to make large-scale investments in product development in its Silicon Valley and Bangalore office locations and expects to increase development speed tenfold over the next two years.
Since Josys’ Series B funding round in September 2023, the company has multiplied revenue by 3X, doubled its customer count in Japan, and successfully expanded globally by gaining customers in the United States, Australia, and Southeast Asia. And this new financing positions Josys for its next stage of growth as the leader in SaaS Management, where it aims to serve the needs of enterprises struggling with the security and cost challenges that sit at the core of SaaS operations.
Josys is also launching two new services this month to help customers dramatically improve the efficiency and effectiveness of their SaaS Management efforts.
To ensure the implementation and deployment of SaaS Management best practices, Josys is opening the world’s first SaaS Operations Excellence Center to help customers fully realize the value of critical SaaS Management tasks like shadow IT detection, security optimization, license rationalization, and employee lifecycle management.
Josys’ new 10,000 square foot Center is located in Kaihin-Makuhari, Chiba City (just outside of Tokyo) and currently staffed by 30 SaaS operations analysts and technicians. With the goal of further developing and scaling its expertise to help customers strengthen their SaaS security posture and reduce IT overhead, Josys plans to expand the team to 100 by the end of 2025.
Josys also announced the general availability of its Multi-Tenant Portal, a SaaS Management module that allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies. And this solution is especially useful for visualizing potentially weak security configurations of M&A targets and overseas subsidiaries, enabling real-time monitoring of shadow IT, privileged account status, and the detection of inactive employee accounts.
With the Josys Multi-Tenant Portal, companies are able to respond swiftly to cross-company SaaS security risks and build a defense system that proactively identifies issues before they become problems.
