IT and Business Insights for SMB Solution Providers

Nerdio Raises Venture Capital to Ride Microsoft Azure Adoption Wave: Page 2 of 2

The $8 million Series A funding round will help the IT-as-a-service vendor accelerate its product roadmap, expand into overseas markets, and sign more partnerships with third-party providers of Azure software and services. By Rich Freeman

“We’ve really made it a lot easier for MSPs to deploy, price, manage, and optimize the Azure environment,” Landes says, pointing to Nerdio’s Azure cost estimator as an example. Microsoft’s own Azure price calculator, he notes, is notoriously complicated. “You kind of need a PhD to operate it,” he says. The Nerdio tool, which interfaces with its Microsoft counterpart behind the scenes via APIs, is designed to be comparatively simple and far more automated.

“Not only do we tell the MSP the price of purchasing Azure from their cloud distributor, but we also show them which VMs, how many cores, and how much memory they need to do that,” Landes says. Nerdio’s heavily automated deployment system, he adds, allows MSPs to stand up a complete Azure environment, including domain controller, Azure Active Directory implementation, virtual desktops, and Office 365 accounts, in a few hours.

“MSPs really love that because it’s much faster than doing it themselves and it’s a lot more accurate,” Landes states. Nerdio’s management console, he continues, then lets MSPs perform administrative tasks like adding a virtual machine, deploying a new user, or changing a password in a few clicks, or scale an Azure environment up or down automatically in response to changing capacity requirements.

With adoption of Azure skyrocketing—Microsoft’s Azure revenue climbed 62% year over year in its most recent fiscal quarter—the need for services like that among MSPs is poised for equally swift growth, Landes argues.

“We felt like it was a good time to raise the money to really fuel our efforts and take the company to the next level,” he says.

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