ConnectWise Capital Creates the Perfect End-to-End Suite for IT Solution Providers With Investment in Quosal

TAMPA, Fla., May 4, 2011 -- ConnectWise Capital, formed to incubate emerging IT channel technologies and solutions for IT Solution providers, announced today that it has added Quosal Inc., the developer of the all-in-one-software platform for quote and proposal preparation, delivery and management, to its portfolio of funded companies.

The third investment from an initial $20 million fund, Quosal automates the quote and proposal process to improve productivity, accuracy and speed in winning new business for solution providers. Integration with ConnectWise software ensures that the Quosal quote seamlessly flows into ConnectWise to drastically improve sales performance completely automate the sale-to-service-delivery process chain. The investment closely matches ConnectWise Capital's goal of targeting emerging products and services that create market advantages and new opportunities for the IT Nation, all IT solution providers, while strengthening the suite of solutions ConnectWise is building for its partners.

"IT solution providers and MSP's around the world, understand the tremendous value improved operational efficiency brings to their organizations," said Kent McNall, CEO and founder of Quosal, Inc. "ConnectWise has set the bar for realizing this value, and when combined with Quosal's world class quote and proposal automation, we have boosted sales and bottom lines for hundreds of our mutual partners. Working with ConnectWise Capital is a natural extension of this partnership. Together we are creating a powerful suite of highly integrated solutions for the IT professionals, much like Microsoft Office is a highly integrated solution for office workers. Quosal, ConnectWise and LabTech are quickly becoming a tightly integrated suite of solutions focused on the IT Nation."

"ConnectWise continues to make significant investments in its product development and integration capabilities to ensure its partners have the widest array of complementary solutions from which to choose," said Arnie Bellini, ConnectWise co-founder and chief executive officer. "Everything in a solution provider's business starts with a quote and now with Quosal that quote will seamlessly flow into ConnectWise. Adding quote and proposal software with investments we've previously made in Remote Monitoring Management (RMM) and Hardware as a Service (HaaS), allows us to offer a highly integrated, end-to-end suite to the IT Nation. Our partners can now take full control of all aspects of their IT business."

Previous investments by ConnectWise Capital include 2010's best-selling RMM solution, LabTech, and innovative HaaS provider CharTec. Both companies have seen sales growth of 2,300 percent since being funded by ConnectWise Capital.

ConnectWise Capital is looking for channel-only companies that offer IT solution providers opportunities to manage resources their clients rely on in a Modern Office™ such as VoIP, cloud computing, security, email management, network storage, and mobile workforce support.

About Quosal, Inc.

Quosal, Inc. is the developer of the all-in-one sales quote and proposal preparation, delivery and management solution with market-leading features and technology. Quosal allows sales professionals to create timely, accurate and attractive quotes and proposals, with up-to-the-minute pricing, product specifications, product media and more. With Quosal Order Porter, quotes and proposals are delivered as personalized Web pages, allowing customers to select from a range of product options; modify quotes in real time; and even digitally sign contracts. With Quosal, MSP's can use the industry's first comprehensive "off-the-shelf" Managed Service Proposal. Quosal provides sales managers with full, transparent visibility into the entire quoting process, eliminating backlog and reducing the time of the sales cycle. Quosal is based in Bothell, WA. For more information please visit www.quosal.com.

About ConnectWise

Designed exclusively for the IT Channel, ConnectWise is the leading business management solution for service providers, MSPs, technology consultants, integrators, and developers. Today more than 50,000 IT professionals rely on ConnectWise to achieve greater accountability, operational efficiency and profitability. ConnectWise fully integrates CRM, sales, help desk ticket and tracking, project tracking, IT service management, SLAs, dispatch scheduling, mobile IT services, time and expenses into a singular IT management software to dramatically streamline IT companies. Over the last 28 years, ConnectWise has become the premier business operating system for IT solution providers. ConnectWise APIs are accessed by over 300 organizations, including ConnectWise partners and industry leaders of the IT Nation.