We continue to see a high growth opportunity in the B2B pricing market, and Zilliant is poised to lead with a unique technology, a strong customer base, and a proven management team," said Chip Davis, managing partner at SMH Private Equity Group
Austin, TX (PRWEB) July 23, 2010
Zilliant, the leading provider of price optimization and margin management solutions for B2B manufacturers, distributors, and industrial service companies, today announced it has completed $13 million in financing from existing investors SMH Private Equity Group, ABS Ventures, Austin Ventures and Trellis Partners. Zilliant continues to gain global market momentum and industry recognition, and will use the new capital to increase its technology lead, and accelerate global expansion to meet customer demand.
"We continue to see a high growth opportunity in the B2B pricing market, and Zilliant is poised to lead with a unique technology, a strong customer base, and a proven management team," said Chip Davis, managing partner at SMH Private Equity Group. "Zilliant is a true pioneer who will continue to lead the market as B2B companies look toward recovery, and we are excited to be part of Zilliant's bright future."
Zilliant's industry-leading Margin Maximizer, Margin Insight, and Margin Manager solutions improve all facets of B2B pricing -- segmentation, analysis, setting and execution -- increasing margins and maximizing profits.
"Our customers are experiencing significant improvement in their financial performance using our price optimization solutions," said Greg Peters, CEO, Zilliant. "This financial commitment from our investors will help us capitalize on increased market demand, and accelerate our market lead."
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Zilliant is the leading provider of price optimization and margin management solutions for B2B manufacturing, distribution, high-tech, and industrial service companies. Zilliant uses existing transactional data to improve decisions across all facets of price analysis, price setting and execution. Zilliant helps companies achieve the best pricing possible on every deal, agreement, and price list, increasing profits by tens of millions of dollars. Headquartered in Austin, Texas, Zilliant is a privately held company. For more information, contact Zilliant at 877.893.1085 or visit http://www.zilliant.com.