Midwest Venture Summit - Illinois Venture Capital Association
Return to IVCA
 
March 17 & 18, 2008Midwest Venture Summit 
On line registration is now closed.  On site registration will be available on Monday, March 17 at The University of Chicago Gleacher Center and on Tuesday, March 18 at the Sheraton Chicago Hotel & Towers.  The cost to register is $599.00
 

Return to list of companies

FastRoot

Internet:

www.fastroot.com

Address:
200 S. Wacker
15th Floor
Chicago, IL 60606

Contact:

Terry Howerton, CEO

Phone:

312/435-1000

Fax:

312/896-5115

e-Mail:

thowerton@fastroot.com

 
As the software industry transitions to an on-demand delivery
model, more than 10,000 existing ISVs face steep curves to
become “software as a service” (SaaS) providers. Thousands
more BPOs and green field startups are converging into the
space, and the very definition of a software business is
expanding. All lack the platform and systems to automate the
routine business and IT operations required to run a SaaS
business. FastRoot’s technology federates the common
functionality required to provision, deliver, manage and monetize
SaaS, and we become an integrated part of our customer’s service
offering.
 
· Bootstrapped and organically funded to growth stage;
65 “sweet spot” customers; FastRoot technology and
services matured ahead of the market. We reinvested
effectively into a proprietary platform, solid manage-
ment team, our own infra-structure and scalable
business operations.
· We are now positioned as one of the most visible
national providers in a young, fragmented market to the
software industryin transition. FastRoot enjoys solid
growth as a recognized enabler for the SaaS market
that Gartner predicts will reach $19.37 billion
in three years.
 
The enterprise is shifting the complexity of running software back
to the software vendor, and auditable standards and best practices
will become a requirement many SaaS vendors can’t match.
FastRoot OMS™ is an automation platform that is right-sized and
suitable for multi-tenant software vendors, filling a void where
companies like Opsware (now acquired by HP) have served only
large enterpriseoperations.
 
Additionally, certain routine IT and business operations common
to all SaaS vendors (i.e. SLA monitoring, billing, analytics,
customer support, etc) need not be redeveloped into every SaaS
application, when FastRoot can provide SOA-based services as
part of the “platformas a service”. As such, modules are under
continuous development that plug into our service bus to integrate
within customer applications.

Key elements of our growth strategy include:

compounded growth), a strong management team,
and seasoned director-level staff are in place, and
we enjoy visibility/momentum within the
national market.
· Infrastructure and managed services income helps
fuel the business, though over time becomes less
relevant a part of the solution we provide.
· We’re tracking acquisition opportunities to increase
earnings, expand our technology, and establish
presence in Silicon Valley, Boston and additional
key markets to reach software companies.
 
Deep domain expertise allowed FastRoot to prepare for this
market for the past three years, and there are meaningful
barriers to competitors.
 

 

 

 


 

Platinum Sponsors
Gold Sponsors
VC Sponsor
Focused Sponsorships
©2010 Illinois Venture Capital Association. All rights reserved. | Sitemap | FAQs : Venture Capital and Private Equity | Contact IVCA | Privacy Policy | Legal