CINCINNATI, ATLANTA, NEW YORK, SEATTLE – January 06, 2016 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2.5 million facility to Overgroup, which delivers innovative billing, CRM and management solutions to the communications industry.
"With our rapid growth and expanding market reach, SaaS Capital was a natural fit for our company," says Brent Maropis, CEO of Overgroup. "Their approach to financing and experience with other SaaS companies has set them apart as the premier partner for our business."
Overgroup provides complete recurring revenue and customer management with its revolutionary H2O solution. Businesses use H2O to monetize their products and services while effectively engaging customers. With more than 100 integrations, H2O features a comprehensive set of billing, ordering, and customer management tools. The company's solution allows businesses to focus on execution rather than infrastructure.
“The Overgroup team is exceptionally talented,” said Todd Gardner, Founder and Managing Director of SaaS Capital. “They have a fantastic product with features and capabilities of a company ten times their size. Additional financing from SaaS Capital will help them further their advantage on the product front and also get their message out to a broader market.”
H2O is a next-generation recurring revenue and customer management solution helping businesses grow by consolidating customer data across multiple systems, facilitating faster time-to-market, and improving operational accuracy and efficiencies. Features include ordering, provisioning, rating, usage tracking, real-time reports, automated processes, ticketing, customer relationship tools, and full-service billing. Founded in 2002, H2O Overgroup has grown to be the go-to solution for technology service providers across the United States. For more information, visit www.overgroup.com or call 1-866-470-5502.
About SaaS Capital
SaaS Capital is the premier provider of 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.
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