December the 13th, 2022 - The Croatian SysKit software company has managed to successfully attract an impressive nine million US dollars in investment, financed by the British.
As Poslovni Dnevnik writes, the Croatian SysKit, based here in the City of Zagreb, secured a nine million dollar investment that will be used for the internationalisation of its business operations and the further development of the company.
As part of this investment, which was financed by the British investment fund Cade Hill Investments, they opened an office in the affluent English city of Cambridge, which is where they moved their headquarters to.
"This investment will significantly facilitate our positioning on Western markets and open up stronger access to foreign knowledge and talent," said SysKit's CEO, Toni Frankola. Their British investors, with whom they first cooperated back in 2017, recognised that the company had successfully mastered a specific technological and market niche.
In addition to the financial growth achieved with the key product, SysKit Point, the company increased the number of employees to 75 in 2022, and additional growth is expected in 2023. The Croatian SysKit otherwise describes itself as a software development company primarily focused on creating high-quality enterprise governance and monitoring solutions for Microsoft 365, SharePoint, Windows Servers, Remote Desktop Services, and Citrix environments.
Their tools – SysKit Point, SPDocKit, SysKit Monitor, SysKit Insights, and SysKit Trace help administrators, IT professionals, managers, and business team leaders worldwide in achieving their goals. Our story began in 2009 in Zagreb, Croatia, with the idea to monitor servers. That’s how our first product, Terminal Services Log, was born. Today, more than 50 creative, diligent people work on this company's products which are used by more than 3000 companies worldwide.
Unless you've been living under a rock, you'll know that the IT sector across the Republic of Croatia has been blossoming (and rapidly) over the last several years, SysKit is just one of the many companies to have done exceptionally well in attracting foreign investment and penetrating Western European and American markets.
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