TechGrid, a business platform for technology service providers (TSPs), announced it has secured a $9.2 million Series A investment from Bellini Capital. Formerly called SecurEdge Networks, TechGrid works with TSPs, including Managed Service Providers (MSPs) and Value-Added Resellers (VARs), by streamlining workflows for selling, fulfilling, and managing IT solutions delivered to businesses. The new funding round will help evolve and scale the platform.
Through a central workflow platform, TechGrid links businesses with a network of accredited IT Service Providers and partners, orchestrating the delivery of IT solutions. TechGrid also offers technology service providers a business automation platform, simplifying their business and offering their customers with a modern experience.
TechGrid was built by industry executives who deeply understand the challenges of scaling a tech services business. And the goal of the platform is to make it much easier for business customers to consume technology and for tech service providers to scale businesses.
TechGrid’s business automation platform comprises three essential elements to assist TSPs in selling, fulfilling, managing, and financing technology solutions. These components include:
1.) Marketplace—Partners are directly integrated into the service provider’s process. Like the Shopify App store, resellers can customize their solutions, manage delivery, and launch new services and applications to sell.
2.) Workflow Software – TechGrid has a Configure, Price, Quote (CPQ) engine with embedded finance, making combining hardware and licensing, services, applications, and internet access into a subscription model easier.
3.) Commerce—The commerce platform centers around a digital catalog that stores products, services, apps, and internet access. The service provider can build solutions and sell through traditional channels (quotes) or online stores.
KEY QUOTES:
“The name TechGrid stemmed from the concept that technology is like power for businesses. Customers want simple solutions and consumption models that work more like a utility. The problem is the business infrastructure for the Tech Service Providers is fragmented. The typical MSP or VAR has more than 40 applications, many of which don’t connect, making it difficult to sell online or deliver solutions as a service. By connecting those systems with modern workflow software, we can provide business customers with the seamless experiences they enjoy from platforms like Amazon and Azure.”
– Philip Wegner, CEO and founder of TechGrid
“We’re excited to partner with and turbo charge the TechGrid team by providing funding and experience to expand their solutions. TechGrid will connect and stream the 40+ applications MSPs use to provide managed services and the 20+ applications used to deliver security services. This will give MSPs a path toward much greater efficiency and profitability.”
– Arnie Bellini, managing partner, Bellini Capital
