OnForce Secures $15 Million in Series A Financing from General Catalyst Partners
January 12th, 2006 by danaWe’ve just announced the closing of $15 million in venture capital funding through General Catalyst Partners. Here’s the “press release”:1:
bq. New York, NY, January 12, 2006 ‐ OnForce, the first and most advanced on demand marketplace for on‐site technology services, today announced the closing of $15 million in Series A funding from General Catalyst Partners. D.F. Hadley & Co. served as financial advisor to OnForce. Formerly ComputerRepair.com, OnForce provides a web‐based platform to procure and manage on‐site technology services – including installation, repair, configuration, and training for a comprehensive range of IT equipment, With more than 12,000 highly qualified service professionals in the OnForce Network, the platform allows Value Added Resellers (VARs), technology retailers, technology service providers, OEMs, and large corporations to instantly deliver reliable on‐site services cost effectively and efficiently virtually anywhere in the U.S.
“We have had a phenomenal twelve months as we have laid the groundwork to completely reshape the way that businesses procure on‐site technology service,” said Jeffrey Leventhal, president and CEO of OnForce. “With the infusion of substantial capital into the business, we are looking forward to revolutionizing the services industry in 2006. Thousands of clients, both large and small, have already integrated OnForce into their businesses – the funding will enable us to grow that number into tens of thousands of satisfied clients.”
In an era where enterprises differentiate themselves or maintain their leadership position by offering unparalleled services, OnForce allows buyers and sellers of technology services to instantly connect through a real‐time, web‐based marketplace, accelerating the evolution of on‐site technology service delivery. The system has a unique process that ensures 100% satisfaction to clients, enabling any firm to confidently offer technology services to its customers. Both providers and enterprises are empowered with the OnForce system – enterprises determine the work they need done and the price they are willing to pay; providers accept only the requests that fit their individual skills, interests, and payment requirements. For the first time, both sides of the service equation can engage in work on their own terms.
“OnForce is positioned to do what no other company has succeeded in doing: facilitate the delivery of technology services in a scalable, profitable approach,” said David Fialkow, managing director, General Catalyst Partners. “In its first full year of activity, OnForce has already been rewarded with multiple marquee clients, talented management, and profitable revenues. Companies like that are few and far between and we are thrilled to have the opportunity to partner with OnForce to grow the business and deliver on the tremendous market potential.”
OnForce recently changed its name from ComputerRepair.com to better reflect the evolution of its business. With its initial focus on break/fix work, ComputerRepair.com adequately reflected the kinds of products and services a client could procure through the platform. Over the past 18 months, however, clients and service providers have leveraged the system to offer a broader range of technical services. Although there is still a segment of break/fix work, services have expanded into technology rollouts, equipment installations, office moves, even Micro Staffing assignments where clients need temporary technical assistance for several days or weeks. The services available are limited only by a client’s ability to find a qualified service professional in the OnForce Network – with over 12,000 from which to choose, the options are virtually limitless.
[1]http://www.onforce.com/news/onforce_funding_release.pdf









January 22nd, 2006 at 7:34 pm
Congratulations on the funding. Here’s to bringing in more clients and investing is some client training and provider screening.
March 16th, 2006 at 5:07 pm
The team at Personal Systems Solutions, LLC, sends their personal congratulations to all of you at OnForce.com for securing the new funding. We look forward to the continual growth of the platform and expansion in to new services.