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Josys has secured $100 million in venture debt to accelerate its product development and expand globally, with plans to increase development speed tenfold over the next two years. The company is launching new services and a Multi-Tenant Portal to address inefficiencies in SaaS management for enterprises. Additionally, Josys is opening a SaaS Operations Excellence Center in Japan to further support its growth and enhance security for its clients.
The Power Move: Josys Secures $100 Million to Boost SaaS Capabilities
Josys has successfully raised $100 million in venture debt, reinforcing its standing in the SaaS management industry. This new financing, combined with previous investments totaling $125 million, gives Josys a significant financial foundation. With this backing, the company plans to accelerate development efforts and gain a competitive edge in the increasingly crowded SaaS management market. The funding will primarily fuel a 10-fold increase in product development speed, which is critical to meeting the growing demands of enterprises managing complex SaaS ecosystems.
This influx of capital arrives after a period of substantial growth, following Josys’ Series B funding in 2023. The company has since tripled its revenue and broadened its customer base, expanding into new markets in Japan, the United States, Australia, and Southeast Asia.
Scaling Up: How Josys Plans to Accelerate Product Development
Josys aims to accelerate product development through key investments in its teams based in Silicon Valley and Bangalore. By focusing on these two regions, Josys is setting ambitious targets to ramp up development processes, projecting a 10X increase in speed over the next two years. This acceleration is critical for meeting the fast-paced requirements of enterprise clients who face mounting security and operational challenges within their SaaS management processes.
The investment will allow Josys to focus on improving core areas such as security, IT operations automation, and SaaS license management. These improvements will make the platform more robust and capable of handling complex SaaS environments with ease, offering greater value to both existing and new customers.
From Local to Global: Josys’ Expanding Footprint in SaaS Management
Since its Series B round, Josys has experienced significant growth, particularly in its home market of Japan. The company has doubled its customer base domestically and has now extended its reach globally, gaining clients in the United States, Australia, and Southeast Asia. This global expansion is fueled by the rising demand for streamlined SaaS management solutions, as more enterprises struggle to maintain control over sprawling SaaS portfolios.
Josys’ global growth demonstrates its ability to meet the needs of diverse enterprises, regardless of geographic location. Its strong presence in Japan provides a solid foundation from which it can continue to expand internationally, leveraging both its market expertise and product innovation.
Tackling IT Pain Points: New Services to Improve SaaS Management
Recent data from a Josys survey reveals major inefficiencies in how enterprises manage their SaaS applications. Many organizations still rely on manual processes, with 63% using spreadsheets to track SaaS licenses. This outdated approach results in excessive time and labor costs. Furthermore, 79% of survey respondents admitted that their current SaaS management strategies are inadequate, which adds unnecessary strain on IT teams.
To address these challenges, Josys is launching two new services designed to enhance SaaS management efficiency. These services will help businesses streamline their SaaS management processes, reduce manual workloads, and improve overall governance. By offering solutions that address pain points like shadow IT detection and license rationalization, Josys helps its clients regain control of their software assets.
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Pioneering Excellence: The World’s First SaaS Operations Excellence Center
Josys is setting a new standard in the industry by launching the world’s first SaaS Operations Excellence Center. Located in Kaihin-Makuhari, Japan, this 10,000 square-foot facility will serve as a hub for SaaS operations experts dedicated to helping enterprises optimize their software environments. Initially staffed by 30 analysts and technicians, the center will expand to 100 personnel by the end of 2025.
The center’s primary focus is on strengthening SaaS security, improving operational efficiency, and supporting customers in implementing best practices. By providing this expertise, Josys aims to help enterprises improve their security postures while reducing overhead related to SaaS management. The facility will become a key resource for enterprises seeking to maximize the value of their software investments.
Centralized Control: Introducing the Multi-Tenant Portal for Global Enterprises
Josys is also unveiling its new Multi-Tenant Portal, a tool specifically designed for enterprises managing SaaS applications across multiple business units or regions. The portal allows centralized IT teams to monitor and manage the SaaS ecosystems of different subsidiaries or merger and acquisition targets. With the ability to visualize security configurations and detect potential vulnerabilities, the Multi-Tenant Portal offers real-time monitoring of shadow IT, privileged accounts, and inactive users.
Key benefits of the portal include:
- Cross-company visibility into SaaS security risks
- Centralized management of IT assets across global subsidiaries
- Early detection of potential issues in security configurations
- Simplified management of SaaS licenses and user accounts
This portal is designed to give enterprises a greater degree of control over their SaaS environments, particularly as organizations continue to grow and integrate new business units or regional offices.
A New Chapter for Josys: Driving Innovation and Global Leadership
With this new round of venture debt financing, Josys is entering a new phase of growth and innovation. By accelerating development, expanding its market reach, and offering advanced tools like the Multi-Tenant Portal, Josys is positioning itself as a global leader in SaaS management. This investment allows the company to meet the pressing needs of enterprises struggling with complex SaaS environments, while also pushing forward with new innovations in IT automation and security.
As Josys continues to expand globally, it remains focused on solving critical challenges in SaaS management, helping businesses operate more efficiently while maintaining high levels of security. This new funding marks a significant milestone in the company’s journey towards leadership in the SaaS management space.
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