SaaS Capital Provides $2.0 Million Credit Facility to CareAnyware
Cincinnati, OH (PRWEB) April 2, 2008 -- SaaS Capital Inc. (http://www.saas-capital.com), the first specialty finance company to focus exclusively on serving the Software-as-a-Service (SaaS) market, today announced that it has provided a $2.0 million credit facility to CareAnyware, Inc.
Based in Cary, NC, CareAnyware (http://careanyware.com) is a Software-as-a-Service provider that develops and manages mobile and web-based applications for home health and hospice providers. CareAnyware will use the cash infusion from SaaS Capital to drive development of innovative new products and to expand its support and professional service organizations. CareAnyware leveraged its recurring revenue stream and the value of future SaaS contracts to secure the facility.
"CareAnyware is exactly the kind of company that we built SaaS Capital to serve," said Todd Gardner, chief executive officer of SaaS Capital. "CareAnyware's product is recognized as industry leading, they have a record of solid financial performance, and there is a rapidly growing demand for their services. We are pleased to be in a position to enable their future growth."
CareAnyware chose SaaS Capital's specialty financing over traditional technology lenders because the availability of the facility automatically increases as CareAnyware continues to grow its customer base. SaaS Capital also provided CareAnyware a significantly larger credit facility without a requirement for an equity infusion, and the facility was non-dilutive.
"SaaS Capital's focused approach on helping SaaS companies enabled them to immediately understand the value of our business," comments Rich Guerin, chief executive officer of CareAnyware. "As a result, we were able to very quickly put together a credit facility that leverages our existing market success and strong customer relationships to help us optimize management of our business today. The fact that the facility can grow with us as we add new customers and contracts ensures that we will have that same flexibility for the long term."
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 CareAnyware, Inc.
CareAnyware is a Software-as-a-Service (SaaS) provider that develops and manages mobile and web-based applications for home health and hospice providers. Its comprehensive agency management and clinical solutions can help increase efficiency and improve outcomes in all aspects of home care operations by streamlining tasks related to data entry, scheduling, clinical management, billing and reporting, and information exchange. Unlike traditional home care software implementation models, CareAnyware's easy-to-learn, web-based product is offered as a monthly service. The solution has been proven to dramatically reduce the up-front costs, time and resources required for implementation. CareAnyware is a privately held company based in the Research Triangle Park region of North Carolina. For more information about the SaaS solution, visit http://www.careanyware.com.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.

Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
|
 |
 |
 |
MORE ARTICLES:
Americas Watchdog Calls U.S. Treasury Secretary Paulson a Self Serving Liar Regarding His Comments About the U.S. Credit Crunch Being Over
Americas Watchdog & its National Mortgage Complaint Center are terming Treasury Secretary Paulson's May 7, 2008 comments about the US credit crisis being over as "a bald faced lie." According to the group, "The credit crisis is about to get much worse". Paulson said, "I think we're closer to the end of this than the beginning." According to Americas Watchdog's National Mortgage Complaint Center, "Currently 1 in 7 US homeowners owes more on their home than it is worth. By June of 2009, we expect the number of US homeowners owing more on their home than it is worth will be 1 out of 4. We also have something called a $320 billion auction rate securities scandal, with no signs of the US government to help the defrauded investors. How is that th...
Useful Tips When Choosing Credit Cards
Chances are you have received your share of "pre-approved" credit card offers in the mail, some with low introductory rates and other perks. Many of these solicitations urge you to accept "before the offer expires.
Poor Credit Auto Loans Can Make Life Easier and Faster
Having a car is no more a thing of luxury. It is a basic need. So, if you have decided to buy a car but face financial crisis, then what are you going to do? Well, you can apply for car loan. Are you afraid that you have poor credit? Well, dont worry, poor credit auto loans is going to be the most convenient option for you.
Getting A Home Loan With Bad Credit or After Bankruptcy
Life can throw some hard curves at us, leaving us with no option but to file for bankruptcy. Let?s face it, filing for bankruptcy can be very detrimental to someone?s financial status. Sometimes having bad credit or no credit is better than having a bankruptcy show up on your credit report.
Bad Credit? - How A Secured Credit Card Could Help You
Bad credit certainly can change the way you look at things, and the pinch of not being able to get the credit needed can make you more than a little frustrated. There may be, however, some help for you - in the form of a secured credit card. Here are some reasons why you may want to your secured credit card quickly.
Meeting Requirements On Your Credit Card Application
Planning on getting a credit card? Are you hesitant because youre not sure whether youll be approved or not? Are there problems with your credit score? If your answer is yes, consider these credit card application tips and know how you can meet the requirements on your credit card application.
Swipe Smart ? Wise Business Credit Card Use
Credit cards are very common in the United States. Statistics show that nearly every American household has at least one credit card.
Getting Approved For A Lower Debt Consolidation Loan Rate: What To Do When You Have Bad Credit
If you have a less than stellar credit history and want to obtain a debt consolidation loan as part of your credit restoration process, you may realize that you are caught up in a Catch-22 situation. In this regard, you may understand that you can improve your credit through a debt consolidation loan. However, you also understand that you can get the best debt consolidation loan rate by improving your credit score and credit history. In this regard, you may be wondering what options are available to you when it comes to getting the best deal on a debt consolidation loan rate. Through this article, you will be provided with some basic information about obtaining a good deal on a debt consolidation loan rate by improving your credit score...
Small Business Tax Credit - Americans with Disabilities Act
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset the costs.
How Credit Report Inquires Affect Your Credit Rating
If you are like the vast majority of consumers, you understand how credit works, to a very limited extent. In other words, you have a line of credit somewhere, and as long as you do not exceed your credit limit and pay at least the minimum amount on time every month, everybody is happy. But there are some additional things about credit reports that you should know.
Poor Credit Home Improvement Loan
A poor credit home improvement loan is a great way to finance the alterations and decoration you need in your home. Maybe when you bought your house you were newly married. The place was cozy. However now with two growing children your house has turned from cozy to rather too snug for comfort. That?s when thoughts turn to extensions, loft conversions and the like. The trouble is, money has been tight, giving the kids all they needed and wanted, and of course you wanted vacations too. The car needed repairing.
Bad Credit Debt Consolidation Loan ? Get It Now
Bad credit debt consolidation is no matter of worry today, and all thanks for ha goes to debt consolation loan. Read on further for more information. In this age of plastic money there is little evidence of the expenditure till the credit card bill arrives. If one is reckless, then tracking money can bloom into a full fledged nightmare. Every second financial institution is offering credit cards so much so that people who opt for as many as 4 to 5 cards end up with a host of buys on credit.
Funding A Business With A Bad Credit History
Most businesses have a time in their life when they need funds in order to grow. What do you do, however, when you need the money to grow, but you also have bad credit? Many banks will not give a loan under such circumstances. It is considered a potentially bad risk. Today, there are actually a number of places where you can still get that loan you need. Here are a few things you can do to fund your business venture.
Blue Ridge Networks Announces Partnership Agreement with COCC to Enhance Data Communications for Community Banks and Credit Unions
In an announcement that promises significant cost reductions for community banks and credit unions in the Northeastern US, Blue Ridge Networks and COCC have teamed in offering an innovative new Secure Virtual Ethernet Services (SVES) to financial institutions. This WAN Solution Links Branches, Remote ATMs and Mobile Financial Centers to COCC's Data Processing Facilities With 80% Reduction in Costs.
There are Bad Credit Secured Loans Available
Today it is all too easy to get caught up in a cycle of increasing debt from which there sometimes seems to be no escape. Often this is caused by someone running up credit card debt that they think they can handle, but then having something unexpected happen like loss of a job, or an illness. The ideal solution is to borrow the money to consolidate and pay off the debts so that you only have to make one low monthly payment. However, if you?re one of the people in this type of situation you may think that finding a loan is impossible. In fact, there are many lenders ready to make bad credit secured loans. The easiest way to find these bad credit secured loans is right on the Internet. There you?ll find companies competing with each other to ...
|