CINCINNATI, NEW YORK, SEATTLE, WESTBOROUGH, June 07, 2016 – SaaS Capital, the pioneer provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2 million line of credit to RedTail Solutions, which delivers managed cloud service solutions for electronic data interchange (EDI).
"SaaS Capital understands the dynamics of the contemporary repetitive-revenue model, unlike traditional funding sources," said Bob Gleason, President and CEO of RedTail. "Because they grasp the nature of our business, SaaS Capital was able to work intelligently and intensely to structure a credit facility that meets our needs for investment in growth and product development," he added.
Founded in 2000, RedTail Solutions provides managed electronic data interchange (EDI) and global data synchronization (GDS) services to mid-sized suppliers. RedTail enables customers in the retail, grocery, automotive and medical products supply chains to enhance their trading partner relationships, optimizing logistics operations and trade compliance performance. RedTail’s network of over 1,300 trading partners collaborates seamlessly and securely over the Internet to deliver goods and services to businesses and consumers worldwide.
"EDI is very efficient, but building and maintaining all the connections is cumbersome for manufacturers and distributors. RedTail outsources that complexity in the cloud so their customers can focus on more productive things," said Todd Gardner, Founder and Managing Director of SaaS Capital. "We are pleased RedTail selected SaaS Capital, and are excited to see their next phase of growth."
About RedTail Solutions, Inc.
RedTail Solutions delivers managed cloud services for electronic data interchange and global data synchronization, enabling 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.
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.
The SaaS Capital structure provides us with the flexibility and efficiency we need to accelerate our growth and reduce unnecessary costs. We are excited to have SaaS Capital as a partner.