ConnectWise Forms $20 Million Investment Fund for New IT Channel Vendors and Emerging Industry Leaders

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Jan 25, 2010, 08:30 ET

TAMPA, Fla., Jan. 25 /PRNewswire/ -- ConnectWise, the lT Industry's leading application for professional service automation (PSA), announced the formation of ConnectWise Capital. The new arm will incubate innovative solutions to be sold exclusively through the IT channel. ConnectWise Capital has a $20,000,000 fund and plans to begin investing in promising companies immediately.

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ConnectWise Capital is targeting emerging products and services that create market advantage and new opportunities for the IT Channel. ConnectWise will bring its 28 years of experience, channel focus, and market leadership to the companies funded by ConnectWise Capital.

ConnectWise co-founder, David Bellini, will manage ConnectWise Capital. "Making these investments is another way ConnectWise can nurture and empower innovative suppliers to the IT Nation," said Bellini. "We will be introducing our partners to new and unique companies that will help strengthen their businesses by creating new market opportunities for them.

"ConnectWise PSA is becoming the de facto Business Operating System for the IT Channel," Bellini continues. "Our commitment to simple and powerful integration has been embraced by over 300 companies who use our APIs to integrate into ConnectWise. This gives our partners massive choice and significant flexibility to select and deliver offerings for their clients. ConnectWise Capital will further expand these choices with companies that are pure channel plays."

About ConnectWise

ConnectWise is the leading provider of professional service automation (PSA) applications designed exclusively for technology consultants, integrators and developers. More than 35,000 IT solution professionals rely on ConnectWise to more efficiently integrate key business operations across their enterprises, from business development and project management to client services and billing. ConnectWise technology enables IT companies to drive greater accountability, operational efficiency, profitability, and tighter systems integration. Visit this website for more information or call 800-671-6898.

To reach ConnectWise Capital, please send an email to [email protected].

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