What is CTSS?
Established in 1990, CTSS specializes in proactive, managed IT services and support tailored for small businesses. The company offers comprehensive solutions including networking, helpdesk support, cloud and hosted solutions, email and spam filtering, and hardware installations and maintenance. CTSS aims to empower small business owners by managing their IT infrastructure, allowing them to focus on business expansion. Their service portfolio includes 24/7 remote monitoring, data backups, wireless network design, and cybersecurity measures, providing affordable and scalable IT solutions.
How much funding has CTSS raised?
CTSS has raised a total of $379K across 2 funding rounds:
Debt
$150K
Debt
$229K
Debt (2020): $150K with participation from PPP
Debt (2021): $229K led by PPP
What's next for CTSS?
The recent large-scale, late-stage funding indicates CTSS is poised for significant expansion and further development of its service offerings. This strategic capital infusion will likely be directed towards enhancing its technological capabilities, expanding its market reach beyond the Washington DC metro area, and potentially acquiring complementary businesses. The company's focus on managed IT services for small businesses positions it well to capitalize on the increasing demand for reliable and cost-effective IT support in the SMB sector.
See full CTSS company page
