IGEL Reports Record Growth Driven by Increasing Global Adoption of Cloud-Delivered Digital Workspaces
SAN FRANCISCO, March 30, 2021 /PRNewswire/ -- IGEL, provider of the next-gen edge OS for cloud workspaces, today announced record results for the year ending December 31, 2020. These results are driven by record-breaking sales of IGEL OS, the software that powers cloud workspaces and virtual desktop infrastructure (VDI) to enable secure, productive work from anywhere. During 2020, IGEL increased recurring software products and services revenue by over 150%, year-over-year, worldwide. This is complemented by multiple business milestones achieved for customer adoption, deal size and software sales, globally.
"IGEL is a leading voice in today's end user computing (EUC) revolution where the modern worker needs to remain as productive at home or on the road as they are in the office," said Jed Ayres, CEO, IGEL. "This has given rise to an extraordinary opportunity for our next-gen edge software which is quickly becoming the de facto standard for connecting to the virtual and cloud-delivered digital workspaces that are transforming end-user computing experiences around the globe. As a result, we are experiencing an exponential growth trajectory for IGEL across all metric areas."
IGEL has seen a triple-digit growth rate over the past five years in billings, margin, and units. This progress is being further infused by a recent growth investment from TA Associates, which signed a definitive agreement to make a majority investment in the company last month that closed on March 23.
Achievements Across Key Business Metrics
IGEL's record growth during 2020 is being seen across all regions, business lines, and company guideposts. Significant global growth achievements include:
Growth Powered by Business Milestones
IGEL's revenue growth is fueled by recent major business developments and accomplishments. This business momentum includes:
IGEL on Social Media
View original content to download multimedia:http://www.prnewswire.com/news-releases/igel-reports-record-growth-driven-by-increasing-global-adoption-of-cloud-delivered-digital-workspaces-301258375.html
Networking LIVE! Reception - On the Amazing Spacious Seaside Patio of the Loews Miami Beach Resort
Grand Opening Reception in Exhibit Hall