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Vcommerce Closes Funding Round

Sunday 4 July 2004 14:23 CET | News

Vcommerce Corporation has closed a $3.5 million round of funding and a $1.5 million line of credit. This infusion of capital will bolster Vcommerces sales and marketing efforts as it serves the growing need for outsourced multi-channel retail solutions.Peacock, Hislop, Staley & Given, Inc., a Phoenix-based investment banking firm, was placement agent for the private offering, which was sold to accredited investors. The line of credit was secured with Comerica Bank. The offering was very well received by investors and will provide Vcommerce with additional working capital to fuel its rapid growth. Vcommerce has gained tremendous traction with customers and prospects since its corporate re-launch earlier this year. Additionally, the round of funding progressed unusually quickly - rather than taking months, it went from start to finish in just four weeks. Vcommerce provides solutions to capture, source and manage orders in multi-channel retail environments. Vcommerces proven, end-to-end solutions make it easy for clients to conduct all aspects of direct-to-consumer transactions in multiple channels, such as e-commerce, phone order entry, kiosks or catalogs. Vcommerces flexible offerings enable clients to control the way they operate their multi-channel businesses. Clients can choose to outsource some or all of their commerce chain functions - all the way from order capture to fulfillment to reverse logistics - or use Vcommerces robust, Web-based tools to manage the process themselves. A single management console allows companies to control high-volume order traffic across complex supplier networks.

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Categories: Payments & Commerce | Payments General
Countries: World
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