CINCINNATI, NEW YORK, SEATTLE, TAMPA, October 14, 2015 – SaaS Capital, the pioneer provider of debt-based growth capital for SaaS companies, today announced that it has provided a $2 million line of credit to DATIS HR Cloud, Inc., a leading Human Capital Management software solution. DATIS will use the infusion of new capital to continue enhancing product development and support while expanding market reach.
"The new capital will serve as a catalyst to help DATIS accelerate our innovation and growth,” said Erik Marsh, Chief Executive Officer at DATIS. “SaaS Capital truly understands the SaaS industry and their solution empowers us to continue to scale our operations at a consistent rate.”
DATIS delivers best-in-class Human Capital Management and Payroll software that enables health and human services organizations to better manage their workforce. Their solution is a complete, cloud-based workforce application built on a foundation of Position Control. The intuitive software suite includes Recruiting, Payroll, Time & Attendance, Talent Management, Benefits, Workforce Analytics, and more. Utilizing DATIS’ uniquely robust solution allows organizations to shift their focus from administrative tasks to strategies that promote innovation and growth.
“Erik and his colleagues are some of the most focused and driven professionals we have encountered in the SaaS space, and we are pleased to be part of their team,” said Todd Gardner, Founder and Managing Director of SaaS Capital. “Combining our capital, with their capabilities, will enhance development of an already robust product suite as well as deepen their pool of customer support experts.”
About DATIS HR Cloud
DATIS brings together the best in cloud technology, industry expertise, and superior customer service to deliver a holistic Human Capital Management and Payroll Software that manages the entire employee lifecycle in one cloud-based workforce application. Built on a foundation of Position Control, the DATIS software is a completely configurable solution designed to enable health and human services organizations to increase compliance and revenues while reducing expenses and risks. Visit www.datis.com to learn more.
About SaaS Capital
SaaS Capital is the premier provider of growth capital to emerging SaaS companies. SaaS Capital's innovative, MRR-based lines of credit, and years of experience focused exclusively on the SaaS business model, enables portfolio companies to fund substantial growth without selling a significant portion of their business. Through a partnership with DH Capital, SaaS Capital can also assist with a variety of M&A and capital raising advisory services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
We were fortunate to have a number of financing alternatives, but in the end, the availability of the SaaS Capital line, coupled with the ability to draw down cash only when we need it, made SaaS Capital the obvious choice.