Itopia Secures $3.5 Million Investment To Boost Channel Business

Partner-facing Workspace-as-a-Service vendor Itopia secured $3.5 Million in funding from investors, which the company plans to use to improve its channel programs and capitalize on the accelerated pace of cloud adoption.

’The time is now to capitalize on the market growth and the potential around WaaS by providing channel partners with the technology and tools they need to lead and thrive in this new reality,’ Itopia’s co-founder and CEO Jonathan Lieberman said in a statement Monday.

The Miami-based company said it will use the newly-received funds to expand its channel development teams, increase partner support programs, boost educational resources and training, and expand its engineering efforts to improve its cloud offering and grow its channel operations.

[Related: Itopia's Channel Strategy Is Bringing Managed Cloud Workspaces To Small Businesses]

The company currently conducts 100 percent of its business through the channel and does not compete with its managed service provider and VAR partners.

’We’re redoubling our efforts to help channel partners and vendors seize the massive opportunity around virtual workspaces and profit from the pent-up demand for agile, cloud-based technology that aligns with companies’ business objectives and helps drive bottom-line success,’ Ubaldo Don, Itopia co-founder and CTO, said in a statement.

Itopia, founded in 2011, offers an end-to-end, cloud workspace management platform called Cielo that's designed to help IT service providers simplify the migration to -- and management of -- cloud services for clients from a single dashboard. Celio, launched about a year ago, automates the labor-intensive processes of desktop provisioning, legacy IT migrations and ongoing management of a cloud environment.

Recently the company reported hitting record revenues and growing success within the managed service provider community, a group that it hopes to continue to expand into as it invests its recently-gained capital.

Itopia believes that now is an opportune time for such an investment, as the move to cloud continues to accelerate.

The $3.5 million was provided to the company from private investors John McIntire and Eric Kamisher, as well as IT entrepreneur Sean Charnock.

According to a statement from the company, McIntire and Kamisher will soon join Itopia’s Board of Directors, a position that Charnock has held since 2014.