CINCINNATI, NEW YORK, SEATTLE, PHILADELPHIA, September 22, 2015 – SaaS Capital, the largest provider of alternative financing for SaaS businesses, announced today that it has provided a $6 million line of credit to IntegriChain, the premier channel management cloud for healthcare suppliers.
“With a robust pipeline of new business and outstanding customer retention rates, IntegriChain continues to deliver increasing recurring revenue quarter over quarter,” said Kevin Leininger, CEO of IntegriChain. “This line of credit from SaaS Capital offers a flexible platform to accelerate our growth as needed to best serve our top-tier healthcare supplier customers.”
Leading healthcare suppliers use IntegriChain's data-driven channel management solution to bolster channel collaboration and improve the efficiency of how products reach customers. As a suite of informed applications and analytics built on top of aggregated channel big data, IntegriChain provides customer operations, national accounts, and finance teams with a collaborative, agile, and mobile alternative to ERP and homegrown systems.
“We could not be more pleased to help IntegriChain finance its growth," said Todd Gardner, Founder and Managing Director of SaaS Capital. "This is clearly a business with the growth and scale to be selective about its capital partners, and we are honored to have been chosen.”
IntegriChain is the leading channel management cloud used by healthcare suppliers, including nine of the top-10 pharmaceutical manufacturers. Pharmaceutical, biopharm/specialty pharma, generics, and consumer health suppliers use IntegriChain to manage their supply chain relationships, inventories, and orders across a vast network of retailers, ecommerce, and distributors. By embedding big-data customer insights into daily business processes, IntegriChain helps control the high cost of product distribution while improving product availability, ensuring a higher level of revenue predictability and maximizing distribution investment. More than $200 billion in annual US commerce and 2.0 billion transactions flowed through the IntegriChain Cloud in 2014. To learn more, visit www.integrichain.com and follow us on Twitter @IntegriChain.
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 looking for a modest amount of capital to invest in additional product development and acceleration of customer acquisition, and the SaaS Capital line-of-credit provides the right amount of capital in a non-dilutive form.
CEO, Certica Solutions