Cary’s Samanage raises $16 million, anticipates adding 50 workers in next 12 months

Cary business software company Samanage anticipates adding about 50 employees over the next 12 months, doubling its current workforce, after raising $16 million in its second round of funding.

A majority of the new hires are expected to be at the company’s Cary headquarters, said spokeswoman Kiersten Hoffman.

“We’re on an accelerated growth path,” Hoffman said. “We want the best and the brightest – and we’re finding them.”

Samanage touts that its cloud-based information technology management software is easy to use and cost-efficient. The privately held company doesn’t disclose revenue but says it has enjoyed triple-digit growth for three years running.

The company’s software, which is unified but is available separately, includes two components: IT asset management, which involves gathering and constantly updating key information about a company’s PCs and servers; and a “service desk” feature that automatically logs in service requests for computer problems and monitors the actions taken.

“The service desk component has really taken off over the last several years,” Hoffman said.

Samanage was founded in Israel in 2007 but its headquarters operation gradually migrated to Cary in recent years.

“Our CEO and his family moved here nine months ago,” Hoffman said, referring to founder Doron Gordon.

About 30 of Samanage’s 50 employees are based in Cary; the company’s research and development team is in Israel.

Samanage, which raised $5 million in funding in 2013, also plans to use its latest funding to open offices in the Asia Pacific and EMEA, or Europe, the Middle East and Africa. The funding was led by venture capital funds Marker LLC and Vintage Investment Partners and included prior investors in the business.

Samanage’s software is used primarily by small and mid-sized businesses and organizations and is used in 52 countries. Its customers include Amherst College, kitchen retailer Sur La Table and the Raleigh Police Department.

This story was originally published May 20, 2015 at 3:06 PM with the headline "Cary’s Samanage raises $16 million, anticipates adding 50 workers in next 12 months."