SaaS Capital Provides $3.0 Million in Growth Funding to Intellect
June 30, 2021
CINCINNATI, SEATTLE, LOS ANGELES, June 30, 2021 – Intellect, the leading provider of highly configurable Quality Management Software (QMS), today announced it has secured $3M in debt financing from SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies. This new financing will enable Intellect to continue its rapid growth in the QMS market and expansion into the Environmental Health and Safety (EHS) market.
“With Intellect’s user-friendly and highly adaptable software, today’s quality leaders and operations managers are empowered to grow and establish a culture of quality, compliance, and innovation,” said Romeo Elias, President & CEO of Intellect. “We have a tremendous growth opportunity ahead and we are pleased to partner with SaaS Capital to fund our growth initiatives. SaaS Capital is a great long-term partner with the ability to expand our line as we grow and continue our focus on customer success.”
Intellect provides a highly configurable enterprise Quality Management Software (eQMS) solution that allows companies to automate complex business processes easily with drag-and-drop app development capabilities. Intellect QMS is a suite of out-of-the-box QMS applications designed to help organizations meet FDA regulations and ISO standards. Intellect EHS is a new suite of out-of-the-box applications purpose-built to address environmental, health, and safety standards and regulations that are often complementary to quality processes. Both Intellect QMS and Intellect EHS are built on the Intellect Compliance Platform, a no-code platform that offers extreme configurability, allowing users to modify pre-built apps and to build entirely new business apps to meet an organization’s unique business needs.
“Romeo and his team have built a fantastic market leader in the manufacturing quality control and compliance space,” said Rob Belcher, Managing Director of SaaS Capital. “We’re thrilled Intellect has chosen to partner with us for their growth capital needs, and we look forward to working with them on this next phase of the company’s success.”
Intellect is a leader in extremely configurable QMS, EHS, and no-code platform software that enables organizations to accelerate compliance, adaptability, and productivity. Hundreds of customers trust Intellect in a wide variety of industries, including manufacturing, medical devices, services, labs, nutraceuticals, pharmaceuticals, cosmetics services, oil & gas, government, aerospace, cannabis, financial services, healthcare, and other industries. Visit www.intellect.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $234 million in growth debt to deliver better outcomes for 70+ clients, resulting in $983 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.
Who Is SaaS Capital?
SaaS Capital® is the leading provider of long-term Credit Facilities to SaaS companies.Read More