SaaS Alerts Funding Round Led by Several Industry Powerhouses

SaaS Alerts just closed a round of funding worth $1.2 million. The round was led by MSP industry veterans including Gary Pica, David Bellini, Adam Slutskin, Paul Cissel, Pete Peterson, Kevin Lancaster, Paul Brady, John Barrows and Michael France.

“The technology landscape has been evolving for a while, but the rate of change has been hastened by the pandemic. Now more than ever, MSPs need to realize the importance of protecting the SaaS applications which they and their customers use daily. Based on this transformation, I feel like SaaS Alerts is the right solution at the right time for the MSP community,” said David Bellini, co-founder of ConnectWise and CFO for ConnectOn.

SaaS Alerts’ Jim Lippie

“When we started our fundraising efforts, it was important for us to bring in investors who truly understand the MSP industry and how it’s changing. We now feel like we have a dream team of investors who have seen the industry evolve and know exactly where it’s headed. Receiving investment from such an impressive group of MSP veterans is a real endorsement of our vision and mission at SaaS Alerts,” said Jim Lippie, CEO of SaaS Alerts.

Mass Adoption a Must

Lippie says the technology landscape is evolving more rapidly than ever before. Part of that evolution is the mass adoption of SaaS applications. 

“Now more than ever, MSPs need to realize the importance of protecting the SaaS applications their customers are using every day,” said Lippie. “Our mission at SaaS Alerts is to provide MSPs the visibility they need to meet the needs of their customers, and continue to grow their business in the changing IT services environment.”

Cybersecurity Risk

Gary Pica, president of TruMethods, adds that cybersecurity risk is growing rapidly for MSPs and their SMB customer bases. 

“SaaS Alerts is a tool that MSPs can use to immediately mitigate risk. It can also add value to every customer relationship,” said Pica.

The funding will spur SaaS Alerts’ development activities, threading in many of the additional features that partners are requesting. It also aims to boost sales and marketing initiatives. The unified SaaS alerting and monitoring platform is processing more than 2 million events per day. It is growing quickly to support its expanding list of MSP partners.