CellarStone, Inc., makers of QCommission, Easy-Commission, QXchange, WebKPI and CommTrak has announced an agreement with Lighter Capital, a Seattle-based financing company using a revenue-based finance model that exchanges growth capital for a fixed percentage of a company's revenues.
CellarStone will use this new financing to expand the sales and marketing of CellarStone solutions as they embark on their next stage of growth. Gopi Mattel, CEO of CellarStone said, “The funding made available by Lighter Capital gives us the boost to rapidly scale our business to meet the growing demands for cost-effective sales performance management applications.”
B J Lackland, CEO of Lighter Capital said, "We are thrilled by the addition of CellarStone to our investment portfolio. CellarStone's recent acquisitions of webKPI and CommTrack allow expansion into more business opportunities. We're excited to be their financing partner through the company's next phase of growth and hope to provide more funding as growth accelerates."
For more information, or the full press release, contact Gopi Mattel at www.CellarStone.com.