SecurEdge Networks Rebrands to TechGrid, Secures $9.2M Investment

SecurEdge Networks Rebrands to TechGrid, Secures $9.2M Investment

By Alex Passett

Let’s talk about some recent funding secured by the tech services platform formerly known as SecurEdge Networks.

Or now, given they’ve rebranded, TechGrid.

TechGrid connects businesses with an ecosystem of Tech Service Providers (TSPs) and industry partners to orchestrate the delivery of effective IT solutions. TechGrid planted its roots in an idea – address customers’ evolving business needs. These, as TechGrid began noticing, revolved around navigating all-digital experiences and acquiring flexible consumption models. But as the company noticed, business infrastructure proved, by and large, to be rather outdated. Disconnected systems led to manual and offline workflows, which didn’t serve the greater goal.

So, TechGrid developed its platform and showcased it for OEMs, distributors, financial service providers, and several large VARs and MSPs. After doing so, a discovery became clear: TSPs were using upwards of 30-45 tools, in total; for CRM, ITSM, project management, accounting, etc. Also, TechGrind’s OEM and distributor partners were relying on cumbersome spreadsheets for quoting and PDF order forms via email.

This, in TechGrind’s eyes, is why its platform became sorely needed. (That, and studies like one from Canalys that predict how business will consume a whopping $4.94 trillion in technology products and services in 2024, with a sizeable $3.6 trillion of that (73.2%) being sold and delivered via IT channels.

So, to digitize the ecosystem and connect companies and components until TSPs have all-digital processes for selling, fulfilling, managing and financing IT solutions, TechGrid got to work.

And now, in wake of their rebranding, TechGrid – i.e. “technology” and “grid” – facilitates the flow of technology solutions through a holistic business automation platform, just as power grids facilitate the distribution of energy to communities in need.

“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,” stated Philip Wegner, CEO of TechGrid. “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.”

And just last month, TechGrid also secured a $9.2 million Series A investment.

Arnie Bellini, Managing Partner at this investor, Bellini Capital, had this to say:

“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.”

Learn more here.




Edited by Greg Tavarez
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