Autotask Agreement Passes Ownership of VARStreet through Employee Buyout

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22 de diciembre de 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

Sobre Autotask Corporation
El software de gestión de servicios de TI hospedados líder a escala mundial de Autotask Corporation permite a los proveedores de soluciones tecnológicas optimizar y agilizar los procesos empresariales. El software cuenta con una amplia gama de sistemas empresariales básicos, como gestión de relaciones con los clientes (CRM), servicio de asistencia, programación técnica, gestión de proyectos, facturación o informes, y ofrece inteligencia de prestación de servicios en tiempo real para ayudar a los usuarios a detectar los factores que impulsan su empresa y su rentabilidad.

A Autotask se puede acceder desde prácticamente cualquier dispositivo informático o móvil conectado a Internet y presenta una API de primera categoría que se integra directamente con los otros sistemas y herramientas en los que los proveedores confían para gestionar sus empresas.

Para obtener más información sobre Autotask Corporation y sus productos, visite o llame al +44 0203 006 3147

Autotask® ies una marca comercial registrada de Autotask Corporation. Todas las demás marcas mencionadas en este informe pertenecen a sus respectivos propietarios.