Ilobby Insight Partners Aisawersventurebeat
Insight Partners makes a strategic investment of more than USD100 million in iLobby to scale its go-to-market strategy and expand product capabilities.
Businesses in highly regulated sectors may use ilobby insight partners aisawersventurebeat to track, control, and monitor who is in their facilities.
Turnkey solutions that provide enterprises more control over their facilities, workers, and visitors were unveiled today by global venture capital and private equity company Insight Partners. The money will help the firm develop while also protecting facilities in regulated, compliance, and security-focused industries.
Ilobby insight partners aisawersventurebeat will utilise the financing to extend its go-to-market and enhance its product capability to satisfy increased demand for corporate visitor management in the 45 countries it now serves and beyond. Customers range from large corporations like Pepsi, Nikon, and Hershey’s to small and medium-sized companies, with solutions tailored to their specific requirements.
“This investment will significantly accelerate the speed at which we create and implement the iLobby product suite to power the future of workplace safety and visitor management,” said Ariel Mashiyev, CEO of iLobby. “We’re ecstatic to be working with Insight Partners, who will be critical in assisting us in building up our operations and capitalising on the tremendous potential in guest management.”
Visitor management software is a major industry ($8.7 billion in the US) with substantial greenfield possibility – many businesses still monitor who comes and goes via their doors using paper logs and spreadsheets. The adaptable and configurable platform of iLobby enables highly regulated institutions such as airports, government buildings, financial services organisations, and multinational corporations to swiftly digitise the front desk, introducing a new level of automation, security, and control to visitor management. iLobby intends to expand their sales and customer success teams with the assistance of Insight Onsite’s 70+ team of operators in order to reach new clients both in the United States and overseas. As the product suite expands, iLobby hopes to become a trusted partner in controlling not just guests but everything that flows through its clients’ properties.
“Ariel and his team have established a solid platform that fulfils difficult demands in compliance-focused businesses while being incredibly capital efficient and expanding almost 100% YoY over many years,” stated Ryan Hinkle, Managing Director at Insight Partners. “We’re really eager to help iLobby expand more aggressively by using our strategic operations knowledge via Onsite, our ScaleUp engine.” Hinkle will join the board of directors of ilobby insight partners aisawersventurebeat with Insight Partners Managing Director Anika Agarwal and Principal AJ Malhotra. Mashiyev will continue to serve as CEO and Chairman of the Board.
The COVID-19 epidemic has also increased demand for visitor management at ilobby insight partners aisawersventurebeat in recent months. COVID-19 has changed the way we think about and occupy our workplaces, making it more important than ever to know who is at a facility at any one moment. To meet these new consumer demands, ilobby insight partners aisawersventurebeat launched a COVID-specific pre-screening questionnaire for visitors, as well as a touchless sign-in solution and fever testing. Even beyond COVID, these modules will be crucial in assisting clients in securely and effectively identifying visitors and staff.
“As companies begin to reopen, there is a growing need to not only know who is visiting your premises, but also to determine if they are a possible danger to your staff,” Mashiyev said. “Because our corporate customers get thousands of visits each week, we collaborated closely with them to design this solution as a first line of defence to decrease threats to their business operations. This concern for our consumers has helped drive retention into the upper 90s, as seen by great satisfaction metrics and client growth.”
Whether or whether COVID-19 is used, it is apparent that corporate visitor management is critical for enterprises worldwide. ilobby insight partners aisawersventurebeat intends to expand on its current structure with the assistance of Insight Partners, a renowned pioneer in working with high-growth ScaleUp software firms, to best position the company for long-term success.
RBC Capital Markets served as iLobby’s sole financial adviser on the transaction, while Wildeboer Dellelce served as its legal counsel. District Capital Partners served as Insight Partners‘ buyside adviser, while Willkie Farr & Gallagher LLP and Stikeman Elliott LLP served as legal counsel.
Ilobby Insight Partners Aisawersventurebeat Information
iLobby® is the global leader in corporate visitor management, with thousands of organisations worldwide relying on it to track, manage, and monitor who is in their premises. The iLobby® Visitor Management System has become an essential element of the day-to-day operations of large banks, international airports, government agencies, and Fortune 500 corporations. Visit ilobby.com to discover more about ilobby insight partners aisawersventurebeat®.