CINCINNATI, NEW YORK, SEATTLE, NEWPORT BEACH, May 09, 2016 – SaaS Capital, the pioneer provider of Committed Credit Facilities to SaaS companies, today announced that it has provided an $8 million line of credit to Accelerize Inc. (OTCQB: ACLZ) (OTCBB: ACLZ), a leader in marketing technology solutions.
“We are pleased to have secured this new facility with SaaS Capital, a partner who truly understands the SaaS business model. It provides us with significant, efficient capital to grow for the foreseeable future,” said Anthony Mazzarella, CFO at Accelerize. “This new facility is substantially larger than our previous line of credit and features a structure and covenants designed specifically for growing SaaS companies. With this new larger and more flexible facility we are focused on accelerating our revenue growth and increasing bottom-line profitability. We also look forward to exploring strategic opportunities to further enhance the value of our Company for the benefit of our stockholders.”
Accelerize Inc. offers technology solutions that drive how digital marketers leverage their data in new and innovative ways. Through its digital marketing software division, CAKE, Accelerize offers a multi-channel marketing hub that enables advertisers to accurately track, attribute and optimize digital spend across the entire customer journey.
“Marketing is more important than ever and the CAKE product is at the center of that industry – if you don’t understand the ROIs of your different marketing efforts, then you are being inefficient and ineffective. And it's not enough to just track one or two channels; CAKE optimizes marketing campaigns across all digital channels,” said Rob Belcher, Managing Director of SaaS Capital. “The product, team, and track record are all very impressive and we’re excited to partner with Accelerize for the next phase of the company’s story.”
About Accelerize Inc.
Accelerize Inc. (OTCQB: ACLZ) (OTCBB: ACLZ) offers marketing technology solutions that revolutionize the way advertisers leverage their digital advertising data. For more information, visit http://www.accelerize.com/.
About SaaS Capital
SaaS Capital is the premier provider of Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
Although we received several outside funding offers, we knew SaaS Capital was the best fit for us at this stage. Working with SaaS Capital we’re able to avoid both the strict requirements of traditional bank financing and the ownership dilution that comes with an equity investor.
Founder and CEO, Webgility