BOSTON, MA, independenceIT (iIT) announced today that it had closed an equity funding round led by Jose A. Segrera, a leading cloud services entrepreneur with proven expertise in building highly successful businesses. The capital will be used to continue expansion of iIT's channel partner program and continued development of its award-winning Desktop-as-a-Service (DaaS) software suite - Cloud Workspace.

From 2000 to 2011 Segrera served as chief financial officer of Terremark Worldwide, Inc., which was acquired by Verizon in 2011 for $2 billion, and was previously chief financial officer of FirstCom Corporation, which was acquired by AT&T in 2000. Segrera recognized the strength of iIT's Cloud Workspace Suite and views it as a market disruptor clearly differentiated by its focus on worker productivity, ease of management and data security. iIT is uniquely positioned to enable its channel partners to capitalize on the small-to-medium business demand for DaaS.

'For small and medium business today, the challenge of empowering workers by facilitating a bring-your-own-device strategy while maintaining data security and managing compliance and disaster recovery risks is daunting. iIT's Cloud Workspace allows a business owner to check all these boxes with a market-proven solution, and realize the cost savings and greater agility of a cloud-enabled platform,' said Segrera.

He continued, 'The ability for iIT to solve these problems for the SMB owner in a cost-effective manner and the strength and experience of the leadership team is what attracted me to the company. I am truly energized and focused on continuing to drive growth and innovation for iIT and its partner community.'

'We are proud and excited to have Jose join us, given his exceptional executive experience in accelerating success for cloud businesses that deliver IT solutions to business customers,' said Charles Buck, founder and CTO of independenceIT. 'The team we've assembled continues to deliver impressive results, and we know the company will immediately benefit from Jose's deep understanding of our industry and his leadership will raise our growth trajectory to even higher levels.'

About independenceIT

independenceIT (iIT) provides an industry leading hypervisor agnostic virtualization platform for delivering desktops and applications as a cloud service, enabling the deployment of Windows desktops and applications from a private, public, or hybrid cloud to any end user device. iIT enables IT service providers to rapidly provision, manage, and support virtual resources, desktops, and applications while simplifying complex and time consuming active directory tasks associated with delivering a virtual desktop solution. Leading global companies rely on iIT to rise above the complexity. Please visit www.independenceit.com for additional information.