SaaS Capital is as different from a traditional lender as SaaS itself is from an on-premise solution
Cincinnati, OH (PRWEB) July 15, 2008
SaaS Capital Inc., the first specialty finance company to focus exclusively on serving the Software-as-a-Service (SaaS) market, today announced that it has provided a $3.5 million credit facility to Clickability, the global leader in on demand Web Content Management (WCM).
"SaaS Capital is as different from a traditional lender as SaaS itself is from an on-premise solution," said John Girard, chief executive officer of Clickability. "We have been amazed at the level of understanding the team at SaaS Capital has demonstrated regarding the unique characteristics and opportunities of the SaaS industry. They've even taught us a thing or two about our own business."
"We are very pleased to add Clickability to the portfolio of SaaS Capital clients," said Todd Gardner, chief executive officer of SaaS Capital. "Clickability represents the ideal client for our financing; they have a robust technology infrastructure, a diverse and satisfied customer base, and a strong SaaS product portfolio. It's exciting to facilitate the growth of such a dynamic company."
Clickability chose SaaS Capital's specialty financing over several traditional technology lenders. Sean Noonan, Clickability's vice president of finance, said, "SaaS Capital was able to offer us a revolving credit facility that no traditional bank could match. We look forward to having its availability grow in step with our revenue. By utilizing this facility from SaaS Capital, we expect to substantially increase our valuation."
About SaaS Capital:
By leveraging the predictable revenue streams and future contract values of the SaaS business model, SaaS Capital's credit facilities allow SaaS companies to accelerate future cash-flow streams to fund operations today. SaaS Capital's products are non-dilutive, provide more availability than traditional accounts receivable financing, and are structured with flexible terms to meet the unique needs of SaaS businesses. To learn more about SaaS Capital visit http://www.saas-capital.com.
About Clickability, Inc.:
Clickability™ is the global leader in on demand Web Content Management (WCM). Clickability enables customers to take content from any source and publish to any device or site, managing their entire content repository of digital assets more effectively in "the cloud." The Clickability platform is unique in leveraging four pillars to support the complete content lifecycle: Software as a Service (SaaS), Infrastructure as a Service, Innovation as a Service, and On-Boarding and Support as a Service. Enterprise customers such as Amcor, Cantor Fitzgerald, and NetApp, as well as media and entertainment leaders such as CNN, Smithsonian, Time, the Tribeca Film Festival, and the Wall Street Journal, rely on Clickability to reduce costs, increase revenues, build global brands, and foster stronger customer relationships. Clickability's hosted, multi-tenant delivery model in co-location centers maximizes energy efficiency, resulting in smaller carbon footprints for customers. Founded in 1999, privately held Clickability is headquartered in San Francisco, with offices in New York and London. The company garnered the Software and Information Industry Association's 2008 CODiE Award for best content management solution. More information is available by visiting http://www.clickability.com.