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Private Equity Firm Adams Street Partners Invests in You Send It, Inc.
December 2nd, 2010 1 comment
Adams Street Partners, based in Chicago, Illinois, is among the most prosperous and biggest private equity firm in United States. The company has managed its investments since 1972 and it is the leader on the investment industry. With over $20 billion of funds under management, it makes investments in various industries all over the world, having offices in America, Europe, Australia and Asia.
You Send It, Inc. is one of the thriving companies that has recently received $15 million from the notorious Adams Street Partners. It is only natural, due to the fact that the company has proven its success, having more than 5 million individuals using its technologies and services each day and over 13 million subscribers worldwide. But Adams Street Partners is not the only investing company. You Send It has had other investment firms as funding source for its projects, like Sigma Partners, Alloy Ventures and Emergence Capital.
The new funding in series D will enable the increase of You Sent It’s market shares and speed up its market growth.
The company, even though it has been on the market for 6 years, has encountered a tremendous expansion and the funding from Adams Street Partners will make this growth even bigger on the leadership on the market all over the world. You Send It’s leadership will expand even more. The management of the company expects that the funding received to lead to a more sophisticated technology and a better product for the customers. Renee Budig, the company’s CFO, thinks that this is important, even though You Send It is the leader on the market, due to the technological and higher and higher demands of the individual clients and organizations. It is always important to be one step in front of the times and trends.
You Send It is the leader in sending and receiving large files, secure file transfer, FTP replacement, email attachments and managed file transfer. The service helps people send with ease large files by uploading them from the desktop or Outlook, then it stores the file, after that the client can email the recipient a link to click and in the end the recepient is able to download the file. One of the products of You Send It’s is the Adobe Acrobat plugin which can be used in order to send files up to 2GB. A simple solution for a big problem that companies have faced due to time consuming and costly fees for the couriers or FTP fees.
The clients are a mixture of individuals and companies. Anyone who needs to share large documents or require superior security and productivity can use its services. The companies that have successfully used You Send It’s services include Kelly-Moore Paints, salesforce.com, Reuters, Fast Signs, Vmware and others.
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