CINCINNATI, NEW YORK, SEATTLE, DENVER, September 27, 2017 – 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 PlayerLync.
“As companies modernize their learning solutions, PlayerLync is already experiencing successes in Restaurants, Retail and Sports, with growing interest from Health Care and Hospitality. But it’s the unsolicited interest to support diverse applications like field services, sales operations and digital workflows that influenced our decision to pursue broader market penetration tactics. SaaS Capital responded to our unique needs by providing the perfect approach that facilitates growth, agility and a more assertive market posture,” states Bob Paulsen, PlayerLync CEO.
PlayerLync is pioneering the next generation of learning and performance support solutions through modern learning software for mobile workers. Founded in 2011, the company's SaaS platform integrates mobility, digital forms, content distribution, messaging and daily performance management into a single solution that helps operational teams deliver exceptional customer experiences. It’s a modern learning and operational solution for deskless workers or the modern mobile workforce.
"We’re very excited PlayerLync has chosen us as their financing partner," said Rob Belcher, Managing Director of SaaS Capital. "PlayerLync offers an impressive product in an industry with great macro tailwinds. The service and ‘deskless workforce’ industries continue to expand, and there is significant opportunity to increase the efficiency, productivity, and growth of these teams. PlayerLync addresses those inefficiencies."
PlayerLync solves today’s learning and operational performance challenges for enterprises. Companies can easily deliver personalized, interactive content to employees because PlayerLync efficiently publishes rich content and videos to mobile devices without impacting network bandwidth. Automation, security configurations, reporting and management controls mean the solution can meet the unique needs of companies that are seeking highly adaptable learning and mobile enablement solutions for people that work on their feet. PlayerLync is modern learning software for daily operations and learning for leading enterprises such as Macaroni Grill, Blaze Pizza, Tilly’s, and Talbots, and the majority of professional sports teams. Visit www.playerlync.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 looked at different financing alternatives to fund our growth including venture capital, venture debt, and commercial banks. SaaS Capital's approach allows us access to the greatest amount of capital with a line-of-credit that provides us flexibility around when we borrow and repay.
Executive Chairman, iModules