ORIX Ventures Provides Investment Capital to RES
ORIX Ventures announced today that it has provided investment capital to RES, the leader in enabling, automating and securing digital workspaces. RES announced its fast-growing momentum stemming from its most successful year yet, including record revenue growth, the addition of new CEO Al Monserrat, RES ONE product launch, key leadership appointments and secured investment capital to further drive innovation and expand its global footprint.
RES enables and secures digital workspaces for today’s workers through proactive and self-service access to the apps and services they need when they need them, in a context that empowers them to be more productive, while giving IT improved control over cost and security.
Under CEO Al Monserrat, RES has quickly delivered results from its expanded leadership team focused on driving innovation, accelerating R&D, and establishing strategic alliances in the technology ecosystem to extend the value of RES for customers building out their digital workspace stack. The company’s momentum and recognition in the industry helped secure $10 million in investment capital from ORIX Ventures to further support these RES initiatives and accelerate its penetration into emerging markets.
ORIX Ventures specializes in designing highly customized financing solutions for leading-edge, growth companies. The financing mix provides RES the flexibility needed to accelerate growth. “RES is another great fit for ORIX Ventures given its market leadership position, blue chip customer base and strong management team,” said Todd McDonald, Director of ORIX Ventures. “We immediately saw the value proposition and were able to move quickly to provide additional capital for the business, which will support RES’ continued high growth.”
A transformational year for RES:
- License bookings grew 35% driving top line growth of 30%
- Client renewal rates exceeded 90%
- Selected as a key component of a three quarters of a million seat implementation – one of the largest and most transformational architectures in our industry’s history
- Added 85 new RES Partners in EMEA and increased its RES Platinum Partner Network by 100% in the Americas.
- Cash flow from operations positive for fifth year in a row.
- Named Gartner 2015 Cool Vendor for RES ONE Service Store
- Won Best of VMworld 2015 Europe award
“I am extremely proud of what RES has accomplished in 2015. We know the key to success is simple: create secure and frictionless IT experiences the workforce will love while maintaining compliance and reducing costs for businesses,” said Al Monserrat, CEO, RES. “We will continue to focus on delivering innovative, flexible, scalable and cost-effective solutions for our customers.”
“Today, because of RES, busy clinicians can easily access, download, and install approved services and apps using a familiar and intuitive store-based concept where all access rights are managed automatically based on the user’s profile,” says Brett Taylor, Director of Infrastructure and Operations, St. Luke’s. “Increasing satisfaction for our clinicians while saving IT time and money means we can now focus IT resources on further innovation instead of just keeping the lights on.”
“It is an exciting time at RES,” adds Monserrat. “Our recent success is definitely creating a buzz in the industry, but I’m even more excited about what we are well positioned to achieve in 2016.”
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