Madison Street Capital Arranges Growth Capital for CoreCommerce
Leading SaaS Business Software Provider Partners with International Investment Banking Firm to Meet Capital Requirements
Chicago/Franklin, TN -- August 2014 --Madison Street Capital is pleased to announce the successful arrangement of a new debt facility for CoreCommerce, a leading provider of SaaS business solutions for domestic and international businesses. The announcement was made by Charles Botchway, CEO of Madison Street Capital and the transaction was led by Reginald McGaugh, Senior Managing Director at Madison Street Capital. Terms of the deal were not disclosed.
“We are extremely pleased with the experience we’ve had with Madison Street Capital,” said Matt DeLong, CEO of CoreCommerce. “Reginald worked to address our immediate needs and has worked directly with us to set a road map for our additional capital requirements. We look forward to our continued relationship with Madison Street Capital and the continued process for our equity capital raise.”
Developed completely in-house, CoreCommerce’s proprietary eCommerce platform enables business owners to easily design an online store to showcase their products. Complete with hosting, the platform also offers inventory management, order processing, flexible shipping options and digital marketing tools.
“We are very impressed with the technology platform and the language conversion modules that has led CoreCommerce to compete in the international market,” said Reginald McGaugh. “We look forward to a long term partnership with CoreCommerce.”
Providing easy to use and feature rich solutions since 2001, CoreCommerces knowledgeable and friendly team are devoted to assisting clients in the creation of dynamic online stores. With over 100 partners, CoreCommerce is able to offer a variety eTools, including: payment gateways, shipping and fulfillment, eMail marketing, and social media services.
CoreCommerce is an ecommerce shopping cart platform for online businesses based in Franklin, Tennessee. The company currently serves over 13,000 online businesses in 70 countries, including Anna Sui, American Hiking Society, fashion designer Kelly Nishimoto and Zumba Canada. For more information, please visit www.corecommerce.com.
About Lighter Capital:
Lighter Capital is 100% focused on providing early stage SaaS, software and technology services companies with the long-term capital needed to get businesses to the next level. Through their RevenueLoans,™ they can provide capital to growing, revenue generating companies. At Lighter Capital they believe entrepreneurs should spend their time growing their businesses – not raising funds. So they’ve made the fundraising process simple and fast. For more information, please visit www.lightercapital.com.
About Madison Street Capital, LLC:
Madison Street Capital is an international investment banking firm that provides mergers and acquisition advisory, financing services, valuation and financial opinion services, and restructuring services to public and private businesses as including asset managers. MSC has focused expertise in partnering with middle-market firms to successfully navigate complex transactions and successfully assist clients in optimizing their potential. MSC’s experienced professionals serve clients across the globe from offices in North America, Asia, and Africa. For more information call us 312 529 7000 or visit our website at: www.madisonstreetcapital.com.