Xtium

Xtium is a managed IT services provider that offers solutions aimed at modernizing and securing operations for mid-sized to enterprise clients, enhancing their operational efficiency and cybersecurity measures. Founded in 2004 and headquartered in Wilmington, US, Xtium specializes in managed IT services. In October 2016, Xtium was acquired by Evolve IP. The company has successfully completed four deals, raising a total of USD 2.

00 mn through its latest funding round. Xtium specializes in providing comprehensive managed IT solutions designed to modernize, secure, and streamline operations for mid-size and enterprise clients. Their core offerings include Desktop as a Service (DaaS), Managed Security Services, Managed Network Services, and Professional IT Services, tailored to address the challenges of rising cyber threats and increasing operational complexities. These solutions enable fast, secure access to company applications and data across various endpoint devices, while leveraging AI-driven detection and a 24/7 Security Operations Center (SOC) for monitoring and threat mitigation.

Xtium serves a diverse range of industries, including healthcare, finance, retail, legal, and higher education, and has established a solid customer base of over 1,700 companies across multiple geographical markets such as North America, Europe, and Asia-Pacific. Xtium generates revenue primarily through a subscription-based model, allowing clients to access its suite of managed IT solutions. The company engages in B2B transactions, providing services that require ongoing support and monitoring, such as managed security and network management. Clients may opt for tailored pricing plans that encompass various tiers of service, ensuring they receive the necessary support based on their specific operational needs.

Xtium's flagship offerings, such as its Managed Network Services and Desktop as a Service, form the backbone of its revenue structure by providing essential IT resources and support to clients, resulting in a sustainable income stream derived from long-term partnerships and consistent service engagement. Xtium's strategy for future growth involves the development and launch of new products, although specific products and release dates have not been disclosed. The company is also looking to expand into additional geographical markets, with plans targeting regions such as Europe and the Asia-Pacific by the end of 2023. The funding raised in October 2016 will support these initiatives, allowing Xtium to enhance its service offerings and improve operational capabilities as it aims for further market penetration.