CINCINNATI, SEATTLE, READING, UK, January 10, 2019 – SaaS Capital, the leading provider of Committed Credit Facilities to software-as-a-service (SaaS) companies, today announced that it has provided a line of credit to Opsview.
"We have scaled Opsview so far using only angel funds, but with the massive growth opportunity available to us, we wanted a partner that could provide the investment required to support our next phase of growth," said Mike Walton, Chief Executive Officer. "With SaaS Capital, we get access to significant growth capital without the dilution that comes with other options, and we get a knowledgeable partner that really understands the structure and needs of a recurring revenue business."
Headquartered in Reading, England, Opsview is a modern, scalable monitoring platform that provides unified insight into dynamic IT operations on-premises, in the cloud or hybrid. With many blue-chip customers across the globe, Opsview is trusted to help them monitor and provide visibility into their IT ecosystems. Keeping the lights on in IT has never been so important as IT outages have the potential for reputational damage as well as financial losses.
"With IT environments becoming more complex, now more than ever, it's important that organizations have a unified monitoring platform across their entire IT estate,” said Todd Gardner, Managing Director of SaaS Capital. "The Opsview team knows this space extremely well, and we are excited to partner with a company that has such great momentum."
Opsview provides unified insight into dynamic IT operations on-premises, in the cloud or hybrid. Opsview is a modern, scalable monitoring platform that enables digital transformation. Opsview is trusted by hundreds of businesses, government organizations and service providers globally. Customers include Sky, Cisco, IBM, Comcast, Telefónica, PayPal, BT, Norfolk Southern, CIT, Fujitsu, HMRC, and AAA. Visit www.opsview.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. SaaS Capital has offices in Cincinnati 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