Silicon Valley veteran Ridley Ruth invests millions in Norwegian software company ZaveIT
The Norwegian software company ZaveIT proudly announces a major milestone: securing a Silicon Valley investor. This significant financial and strategic step will fuel the company’s entry into new markets, marking the first move toward establishing a presence in the U.S. Ridley Ruth, a former executive at the renowned technology company Dropsuite, has made a substantial investment in ZaveIT. This funding round, which includes existing investors like TD Veen, will accelerate ZaveIT’s global growth and strengthen its market position.
Strategic partnership for global growth
ZaveIT offers an innovative SaaS platform tailored for IT businesses, providing solutions that automate, simplify, and optimize business processes for MSPs and IT resellers. Ruth’s investment is pivotal as ZaveIT prepares to expand into multiple international markets. His extensive experience at Dropsuite, where he drove growth and global expansion, makes him the ideal partner for ZaveIT’s next phase of growth.
Enhanced board leadership
As part of the investment agreement, Ruth will not only provide financial backing but will also take an active role on ZaveIT’s board . This position will be instrumental in leveraging his valuable expertise in the company’s strategic decision-making. Ruth’s deep knowledge of technology leadership and global marketing will help ZaveIT’s leadership and position the company for success in the international market.
Innovation meets experience
An investment from a Silicon Valley veteran like Ridley Ruth is a strong endorsement of ZaveIT’s vision to transform the IT industry with its innovative SaaS platform tailored specifically for the IT market. This milestone not only reinforces the company’s long-term goal of global expansion but also provides customers and the industry with faster, more efficient, and automated IT services.
Having Ridley believe in our vision and join us on this journey is monumental for us. His experience and support provide a solid boost as we strive to achieve our ambitious goals. We’re excited to work together and see what we can accomplish,”adds Habberstad.
Innovation Norway awards ZaveIT the Made in Norway label
ZaveIT has recently been awarded the prestigious Made in Norway label by Innovation Norway, becoming one of the first IT companies to receive this recognition. This will help build the company’s international brand, highlighting the quality and innovation of Norwegian technology and enhancing ZaveIT’s global competitiveness.
