CINCINNATI, NEW YORK, SEATTLE, April 04, 2017 – SaaS Capital, the leading provider of Credit Facilities to SaaS companies, congratulates portfolio company RedTail Solutions on its acquisition by HighJump.
The acquisition fuels HighJump’s TrueCommerce division in North America growth with expanded services and integrations, including such RedTail offerings as AccountMate, Infor VISUAL, Sage BusinessVision Accounting and GDSN services. Furthermore, the addition of RedTail Solutions extends TrueCommerce’s significant scale in the Sage and Microsoft Dynamics segments, complementing and strengthening the company’s strategy aimed at helping suppliers and retailers connect through a fully managed commerce network service.
“This announcement demonstrates HighJump’s continued investment in providing the next generation of trading partner connectivity and collaboration within our global commerce network powered by TrueCommerce,” said Michael Cornell, CEO of HighJump. “We’re excited that RedTail is joining us on this journey and will play a significant role in helping us shape the future of digital commerce.”
RedTail’s offerings are finely tuned for the needs of mid-market businesses which is also a primary market segment for TrueCommerce. The combined companies will continue to deliver the strong technical expertise and core infrastructure that allows SMBs to free up their resources to focus on growing their core business.
“We are thrilled to join HighJump, where we can take advantage of the vast knowledge and infrastructure built in TrueCommerce,” said Bob Gleason, President and CEO of RedTail Solutions. “The combination of TrueCommerce and RedTail will allow us to expand our offerings to help our customers meet today’s omni-channel fulfillment demands even better.”
About RedTail Solutions, Inc.
RedTail Solutions delivers Managed Cloud Services for Electronic Data Interchange (EDI) and Global Data Synchronization (GDSN), enabling our customers to optimize trade compliance performance. RedTail’s Managed Services seamlessly integrate with AccountMate, Infor, Microsoft, and Sage ERP systems to accelerate the order to cash cycle, reduce errors and chargebacks, and ensure product data synchronization. Visit www.redtailsolutions.com to learn more.
HighJump’s suite of warehouse management, business integration, transportation management and retail/DSD solutions form a complete, powerful and adaptable platform that allow you to drive growth, customer satisfaction and revenue. HighJump: supply chain accelerated. Visit www.highjump.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.
This line of credit from SaaS Capital offers a flexible platform to accelerate our growth as needed to best serve our top-tier healthcare supplier customers.