ControlUp, a Global Leader in Digital Employee Experience Management, Raises $100 Million, Co-led by K1 and JVP

Controlup Gives Employees the Freedom and Flexibility to Access Any Line-Of-Business Application From Anywhere

ControlUp, the industry leader in Digital Employee Experience management, announced that it has completed a $100 million funding round, co-led by K1 Investment Management and JVP. This new investment will help drive innovation and partnerships, to give people the flexibility and freedom to work anywhere.

ControlUp helps deliver remote work environments that people can count on. Bringing together the largest and most diverse set of real-time metrics across mission critical SaaS applications, IT teams get a 360-degree view of their entire digital employee experience. Taking less than 10 minutes to deploy and see value, now IT teams are quickly empowered to proactively monitor and improve the health of their systems, gain architectural-level insights, and ensure employees have the freedom and flexibility to access any line-of-business application from anywhere.

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“This injection of capital will accelerate our ability to help more enterprises open the door to the limitless possibilities of a simpler, more reliable work-from-anywhere experience,” said Asaf Ganot, CEO and Co-Founder at ControlUp. “We give IT real-time visibility into system status, with the ability to resolve help desk calls faster, and even handle potential system issues before they happen. All this translates to fewer headaches, lower costs, higher productivity, and happier people.”

Around the world people are demanding remote work options because its better.  Both managers and team members see increased productivity, improved work satisfaction, and meaningful reductions in attrition rates when they have the freedom to work the way they want. Enterprise IT teams want to deliver a seamless remote work experience, but obsolete systems can’t meet these new requirements. Today, enterprises need a new generation of tools that track in real-time system performance, solve problems faster, and leverage advanced technology like AI and ML to handle potential issues before they happen.

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“In the post-COVID-19 era, IT managers of large organizations have the unique challenge of monitoring the performance of the network for each of their employees in the office, at home or in any other remote location,” said Erel Margalit, Founder and Chairman of JVP. “ControlUp provides a deep analysis of mission critical applications—for every employee—highlighting problems and finding remedies to solve them. The company’s dashboard enables IT managers to monitor, assess and improve the productivity for all the employees in the company.”

For over ten years, ControlUp has been working to make remote work simpler and more reliable. ControlUp is used by the largest enterprises to support their hybrid workforces including four of the top five US health insurance companies, five of the top eight US healthcare companies, and four of the top six global telco companies.  This past year, ControlUp has seen 50% revenue growth and 67% growth in enterprise accounts, and over 1 Million new seats deployed around the world.

“We continue to see a significant shift toward work-from-anywhere across all industries,” said Roy Liao, Senior Vice President at K1. “K1 is proud to partner with ControlUp as it continues to innovate and change the landscape of the digital employee experience market. By focusing on making the employee experience simpler, faster, and more cost-effective, ControlUp provides a unique value proposition that no other vendor fills.”

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