4me, a provider of SaaS-based IT Service Management (ITSM) and Enterprise Service Management (ESM) software, has revealed a significant investment for its strategic growth.
The investment is led by PSG, a prominent growth equity firm specializing in partnering with Software and technology-enabled services companies to accelerate their expansion.
In addition, 4me has appointed Kevin McGibben as the CEO and Chairman. The co-founders, Cor Winkler Prins, Laurens Pit, and Mathijs Sterk will continue to work with the company.
4me is a contemporary enterprise service management platform delivered as Software as a Service (SaaS). It seamlessly integrates IT Service Management (ITSM), Enterprise Service Management (ESM), and Service Integration & Management (SIAM) functionalities.
What sets 4me apart is its user-friendly approach to deployment and administration, offering a refreshing alternative to conventional vendors. 4me provides a comprehensive solution designed for mid-market companies, large enterprises, and external service providers. Its platform allows different internal departments, such as IT, HR, and Facilities, to collaborate effortlessly.
4me will use the fund to advance its product innovation efforts and expand its presence in the EMEA region. Additionally, it will enable them to enter the U.S. market.
John Marquis, the Managing Director at PSG, expressed his excitement about joining forces with Kevin and the 4me team. Their collaboration aims to enhance product investment and drive the rapid growth of 4me in the ITSM and Enterprise Service Management market.
Before 4m, McGibben was the CEO of LogicMonitor spanned 2011 to 2021. Under his guidance, the company’s annual recurring revenue skyrocketed from less than $1 million to an impressive figure of over $150 million.