Asignet Announces Significant Investment from Abry Partners

 February 21, 2020, Partnership will accelerate innovation and adoption for the First-of-a-Kind RPA driven Technology and IT Lifecycle Expense Management Platform and service

Parsippany, New Jersey — Asignet, the technology and automation leader of global Telecom, Mobile, Cloud & IT Asset Management Lifecycle Expense Management, announced today that it had completed significant investment with Abry Partners (“Abry”), a leading Boston-based private equity firm. The investment will allow the company to significantly accelerate its growth strategy, including the upcoming launch of a new platform, “Robot4IT.”

 “This exciting news means Asignet can execute on our vision to deliver on its patented RPA Robot process automation lifecycle expense management platform and managed service offering that will change the way telecom, mobile, cloud, and IT services are managed and consumed,” said Claudio Lopez Silva, CEO of Asignet.

Asignet will continue to provide best-in-class technology and innovation, as well as outstanding growth opportunities for its highly talented employees. We will leverage our additional resources to accelerate significant investments in product development and customer service innovation, including exciting growth areas such as ITAM, SaaS, Cloud, and ITSM solutions.

About Asignet

Asignet is the technology and automation leader of Telcom & IT Lifecycle Expenses Management utilizing its patented RPA Robot process automation platform. The Asignet platform builds and monitors telecom, SaaS, Cloud, IT billing, inventory, and usage, helping global enterprises to optimize, secure and manage all IT assets and its expenses. For more information about Asignet, visit the firm’s website at  www.asignet.com

About Abry Partners

Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across its active funds. For more information about Abry, visit the firm’s website at www.abry.com.