CINCINNATI, NEW YORK, SEATTLE, CORONA, June 19, 2018 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2 million line of credit to MasterStream ERP.
“MasterStream is recognized time and again as the industry’s preeminent leader in Quote-to-Order automation and we are continually investing in new technologies to support the growth of our customers,” said Matt Clark, President of MasterStream. “SaaS Capital is the right partner that understands both software and our business, and our new partnership gives MasterStream the growth capital we need to meet and serve the telecom automation needs of tomorrow.”
MasterStream ERP is a telecom-centric Enterprise Resource Planning (ERP) provider that serves businesses with intelligent software and process solutions, streamlining the business functions within the telecom sales process. Customers can manage their sales process at multiple levels with a customized solution designed to fit their specific business size and needs.
"We’re excited to welcome MasterStream to the SaaS Capital portfolio," said Rob Belcher, Managing Director of SaaS Capital. "The team has built an incredible product that solves a very complex challenge automatically and instantly. We’re very pleased to partner with them and see where they take it next."
About MasterStream ERP
MasterStream ERP is committed to becoming the leading provider of quote-to-cash software solutions for the telecom industry and to eliminate the time-consuming processes, complexity, and errors associated with the telecom supply chain between providers, agents, sub-agents, and customers. This commitment continues to be the driving force behind all new development of our MasterStream automation system and continues to sustain our position as the leading provider of automation solutions within the telecom industry. Visit www.masterstreamerp.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of long-term 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 of dollars 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.
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