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Autotask Agreement Passes Ownership of VARStreet through Employee Buyout

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22. Dezember 2011
EAST GREENBUSH, NY - Autotask Corporation, the world’s leading provider of hosted IT business management solutions, today announced  that it has signed an agreement to transfer ownership of its VARStreet quoting and e-commerce product line, including all ongoing development, sales, hosting, implementation, support and billing, through an employee buyout.  The new company, VARStreet, Inc., backed by private investors will be led by VARStreet veterans Shankar Gopalan and Shiv Agarwal who built VARStreet’s existing client base and customer relationships, and Vikas Bhir and his team, who have helped create, develop and support the VARStreet service since its inception.

The sale was structured to ensure that current users see no change in their VARStreet service, catalogs, add-ons or customizations, and user data will not be moved or at risk during the transition. Ongoing support, implementation and development activities will proceed without interruption as the VARStreet team remains fully in place.

Autotask software manages critical business operations and processes for technology services centric organizations, and its Software-as-a-Service (SaaS) platform is designed to be open:

  • Open on the front end; to allow users to access it through any browser or mobile device
  • Open in the middle; to support optimization and automation of clients’ existing workflows
  • Open on the backend; to integrate the other tools and systems clients use to service their clients
  • Open to IT and other technology solution providers around the world

“The decision to divest from VARStreet was not an easy one, but I am confident it was the right one for VARStreet users, for the VARStreet team and for Autotask Corporation,” said Mark Cattini, Autotask President and Chief Executive Officer.   “Autotask’s strategic goal is to remain open, especially to the tools our global clients use to service their customers, and the ongoing development and support of VARStreet is outside of our core focus.  Therefore, we believe our users will be better served with VARStreet as an independent company, focused exclusively on the VARStreet product suite.”

VARStreet is a powerful, SaaS-based suite of integrated e-commerce automation tools that combines real-time distributor pricing with advanced quoting and an optional electronic storefront.  The service is designed to provide a complete, stable and scalable way for technology solutions providers to simplify and streamline how they source, quote, procure, sell and deliver IT products and services.

Shiv Agarwal, Vice President of VARStreet said “we are committed to providing best service and support to our customers and will continue to invest and enhance the platform’s capability going forward to meet our customer requirements.”

About VARStreet Incorporated
VARStreet, Inc., is fueled by more than $20 million in capital investment, and the VARStreet platform is widely regarded as the most powerful and comprehensive suite of hosted e-commerce automation tools for VARs, MSPs and other IT solutions providers on the market. VARStreet is currently used by hundreds of the largest VARs in North America. The VARStreet advanced quoting and e-commerce platform includes a powerful cloud- based “Back Office” module, optional "e-Storefront", and can be integrated with numerous CRM, ERP, accounting and business systems.  For more information please visit www.varstreet.com.


Über Autotask
Autotask bietet die weltweit führende cloudbasierte Plattform für Business Management speziell für IT-Dienstleister. Der „Smart IT“-Ansatz von Autotask verhilft Unternehmen zu einem zielgerichteten Einsatz von IT-Technologie, um die besten Ergebnisse für ihre Kunden zu erzielen. Die Autotask Software ermöglicht die Steigerung betrieblicher Effizienz, die volle Kontrolle über abrechenbare Leistungen sowie den Zugang zu Unternehmenskennzahlen, um geschäftskritische Entscheidungen voranzutreiben. Mithilfe von integrierten Best Practices und automatisierten Workflows beschleunigt Autotask Umsatzpotenziale und verbessert kontinuierlich die geleisteten Services. Autotask ist in sieben Sprachen verfügbar und wird gegenwärtig in mehr als 90 Ländern eingesetzt. Mit Hauptsitz in New York betreibt Autotask weitere Niederlassungen in Chicago, Los Angeles, München, London, Amsterdam, Peking und Sydney.

Im Dezember 2017 haben Autotask und das auf Datensicherung, Datenwiederherstellung und Business Continuity spezialisierte Unternehmen Datto ihren Zusammenschluss bekannt gegeben, durch den die einzige vollständige Business- und Technologie-Software-Plattform für MSPs entsteht.

Weitere Informationen gibt es unter www.autotask.com/de, www.datto.com/de sowie telefonisch unter Tel.: +49 (0) 89 4111 23600.