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$2.4 Million Series A Funding for Adar IT

Chicago-based cloud computing company for SMBs

ADAR IT (ADAR LLC), a Chicago-based cloud computing company has secured $2.4 million in Series A funding from MK Capital and engaged BOSI Global as an operating partner to build on 84% compounded annual growth and 97% customer retention.

ADAR IT is a cloud IT services company bringing enterprise cloud solutions to SMBs. Each customer is set up with their own ADAR private cloud – so their entire IT infrastructure gets virtualized. Power outages and disasters affecting an office infrastructure no longer affect productivity or data security. Individuals can access their  virtual desktop from anywhere with a high-speed connection – using even a tablet or smartphone.

Customers pay a flat monthly fee to access this end-to-end technology on demand-from desktops, servers, and storage-to unlimited technical support and IT consulting.

We are a next-generation MSP that cares deeply about the customer experience,” says CEO and co-founder Vadim Vladimirskiy. “We bundle all of the IT services a business owner needs into a secure, sophisticated and reliable solution. One fixed monthly price covers all things IT.”

ADAR’s delivery of IT services and customer service has led to growth, customer churn of under 3%, and evangelist-like customers in the US, Europe and Asia.

When I first met Vadim I was quite impressed with how he had built ADAR IT, with essentially no paid in capital, into a managed services provider with over 100 customers around the globe,” says Bret Maxwell, general partner, MK Capital, “and his vision for providing a  cloud-based offering serving the small and medium-sized marketplace that was both cost effective and of high quality. As we learned more and conducted due diligence, we were even more impressed at the level of customer satisfaction – with many customers being almost evangelical in their praise for the solution. ADAR is offering a solution today for small and medium size enterprises that historically was only available to much larger entities at a higher price point.”

Vadim is a smart, driven entrepreneur,” says Charlie McClary, CEO, BOSI Global. “In a world where entrepreneurs chase Series A funding with marginal revenues and no profits, it is refreshing to see someone like him build a thriving high-growth company with substantial profits first. We’re energized to partner with him to take ADAR IT to the forefront of the managed services space.

ADAR IT provides cloud-based IT solutions for SMBs. IT services include server hosting, desktop hosting, network design and implementation, software licensing, network security services, local and off-site backup, ongoing network maintenance and support, DR systems, and consulting services. In addition, it provides customers with a managed network migration service from traditional in-house IT systems to the cloud-based platform, giving SMBs the same IT advantages enjoyed by Fortune 500 enterprises.

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