Autotask Corporation Secures Credit Facility from Comerica Bank

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Additional Funding Capacity Secured to Accelerate Future Growth Opportunities

Autotask Corporate Logo

Autotask is the world's leading cloud-based business management software for the channel.

It is a natural progression for a company on our growth curve to establish a banking relationship of this type to facilitate future growth.

Autotask Corporation, the world’s leading provider of cloud-based IT business management software, today announced it has secured a credit facility from Comerica Bank, one of the nation’s leading business banks. The additional funding capacity was secured as part of the company’s overall business strategy and to increase flexibility when pursuing future product and market growth opportunities.

“Since our founding in 2001 Autotask has seen significant and steady growth quarter-after-quarter, year-after-year,” said Autotask president and CEO Mark Cattini. “Our company, our products, our customer base and market-demand continue to accelerate, and access to supplemental resources ensures that we can take quick advantage of new opportunities where and when they present themselves.”

Autotask Corporation’s software-as-a-service (SaaS) IT business management platform is used by tens of thousands of independent IT service providers, value-added resellers (VARs) and managed services providers (MSPs) who support more than one million SMB and enterprise businesses in more than 50 countries around the globe. The company’s product line includes the Autotask and VARStreet families of cloud-based software. All products work together seamlessly, and are available on-demand to help IT solution providers sell, implement, deliver and bill their technology products & services more efficiently and more profitably.

“It is a natural progression for a company on our growth curve to establish a banking relationship of this type to facilitate future growth,” said Vince Zumbo, Autotask CFO, “and we’re very pleased to be working with a partner that has the reach, reputation and expertise of Comerica Bank.”

About Comerica Bank
Comerica Bank is a subsidiary of Comerica Incorporated, a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful.

About Autotask Corporation
Autotask Corporation provides the world's leading hosted IT Business Management software built specifically for VARs, MSPs, and other technology solution providers to help them run their businesses better. The software is available on demand to help IT solution providers to sell, implement, deliver and bill their technology products & services. Visit us at http://www.Autotask.com.

Autotask® and VARStreet® are registered trademarks of Autotask Corporation. All other trademarks mentioned in this document are the property of their respective owners.

Autotask Media Contact:

Bob Vogel
In US: +1.518.720.3500 ext. 2201

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Bob Vogel
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