CINCINNATI, NEW YORK, SEATTLE, LOS ANGELES, June 01, 2017 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a new expanded round of growth financing to Monet Software. SaaS Capital originally funded Monet Software in 2013.
“When we did our first financing deal with SaaS Capital, I was very impressed with the executive team,” said Chuck Ciarlo, CEO of Monet Software. “They are smart, clearly understand the SaaS space and have designed their structure specifically for situations like ours - to efficiently and flexibly finance our rapidly growing subscription revenue and expanding customer base. The new financing will also allow us to accelerate the delivery of new products and new features that are laser focused on addressing the needs of our customers.”
Founded in 2002, Monet Software is a global provider of cloud-based workforce optimization (WFO) solutions for small and medium-sized contact centers. Monet gives contact centers the solution to their biggest business issues: meeting service levels, delivering high-quality service and controlling payroll costs. Their solution allows businesses to leverage their workforce investments for efficient deployment of critical resources and effectively manage its people-processes – significantly impacting customer service levels and business profitability.
"We are very excited to be working with Monet again," said Rob Belcher, Managing Director of SaaS Capital. "They had several options for this round of financing, and we’re thrilled they’ve again chosen us for their growth capital provider. Monet pioneered cloud-based WFO, and we’re looking forward to supporting Chuck and the team expand their product, partnerships, and services over the coming quarters to extend their lead in innovation. It’s a great company with exciting opportunities ahead of it."
About Monet Software
Based in Los Angeles, Monet Software is a global provider of workforce optimization software solutions for call centers. Monet's cloud-based solution, Monet WFO Live, is an affordable and easy to use call center optimization software solution that includes workforce management, call recording, quality monitoring and performance management. Call centers will start improving service levels and reducing center costs without the upfront expenses and IT requirements of traditional workforce software. Visit www.monetsoftware.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 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.