Lakeside Software, an Ann Arbor, Mich.-based developer of Digital Experience Monitoring software for the enterprise, received a strategic growth equity investment from Insight Partners.
In conjunction with the funding, Michael Triplett, Managing Director at Insight Partners, and Henry Frankievich, Vice President at Insight Partners, joined Lakeside’s board. The amount of the deal was not disclosed.
The company intends to use the funds for product development roadmap and drive the expansion of its SysTrack Digital Experience Monitoring (DEM) suite.
Led by Michael Schumacher, Founder and CEO, Lakeside provides visibility and automation tools to reduce IT costs and support business productivity. The cloud-delivered platform allows IT to monitor over 10,000 data points across all endpoints through a single platform and predictively and proactively address issues, intelligently approach software and asset optimization, and power ongoing digital transformation of enterprise IT. The company powers IT visibility for industry leaders in every sector, including Air Canada, E*Trade, Ford, Geisinger Health, General Mills, Progressive Insurance, and Standard Chartered.