Managed Print: Photizo Receives $1.73 Million Investment
Most managed services providers (MSPs) are still trying to figure out the managed print services market. But there are signs more money is set to flow into the managed print market. One prime example: Photizo Group, which specializes in managed services research and consulting, has attracted $1.23 million in private equity funding and a $500,000 credit line from Meritus Ventures.
I’m not endorsing Photizo Group and I’ve yet to attend one of their Managed Print Services conferences. But I can’t think of a company or organization that bangs the drum louder and more consistently for the managed print services market.
Some MSPs are starting to follow the drumbeat, but most MSPs have yet to embrace managed print services. Fewer than 30 percent of MSPs offer managed print services to their end customers, according to our 2010 MSPmentor 100 survey results. That may be a mistake. As ConnectWise CEO Arnie Bellini recently pointed out: Managed print services will likely stick around for eternity.
That explains why Meritus is pumping money into Photizo Group.