PLEASANTON, Calif. (PRWEB) March 02, 2018
As the only vendor dedicated to innovation in online events, 6Connex today announced 2017 growth of 70% YoY, capped by the largest quarter in the company's history, Q4:17, at 114% YoY.
On the heels of these unprecedented numbers, the company completed a $1.1M growth debt financing with Montage Capital.
"We are pleased to have the support of Montage as we continue to innovate and drive the online events market," said Michael Nelson, CEO. "We look forward to continuing our momentum through 2018 and beyond."
The success of the company lies in the industry-first HTML5 platform for online events, built to be the most configurable, secure and reliable on the market. Customers use the platform to host virtual summits, sales kickoffs, online benefits fairs, partner enablement programs and many other use cases.
The new funding will be used to accelerate the implementation of the company's growth initiatives, including sales and marketing, as well as improved software features and customer service.
6Connex is a global software and services provider for enterprise online events. Our cloud-based product portfolio includes virtual environments, learning management and webinars Designed for marketing, sales, recruitment training and HR communications, we transform big ideas into real-world results.
6Connex has helped many leading brands increase the effectiveness of their online programs by driving revenue growth, saving money and increased employee productivity. Our customers include Salesforce, BlackRock, GE, CDC, Ericsson, CA Technologies and Intuit.
About Montage Capital
Since 2005, Montage Capital has provided minimally dilutive growth debt to capital efficient companies. The firm's tailored debt solutions allow companies to make the investments needed for growth while preserving ownership and control for early stakeholders. A unique component of Montage's approach is it does not require prior or current equity support as a prerequisite for funding.