SaaS Software, Inc. Announces Agreement with Lighter Capital

Dallas-based IT Solutions Provider to Grow Business with Lighter’s Revenue-Based Financing

SSiDALLAS – September 4, 2013 – SaaS Software, Inc. (SSi), a leading developer of custom business IT solutions and mobile software applications for a range of industries, today announced an agreement with Seattle-based Lighter Capital to obtain Revenue-Based Financing resources to expand its business strategic goals.  The financing will be used to grow all aspects of the SSi business – from product design and engineering to sales and marketing.

“Our business is accelerating with the roll-out of several new software applications,” said George T. Gundling, CEO of SSi.  “Lighter Capital is the perfect fit for SSi as the firm’s Revenue-Based Financing will allow us to continue developing our applications with expanded resources.”

Revenue-Based Financing (RBF) from Lighter Capital fosters the rapid growth of businesses like SSi, in return for a small percentage of future years’ revenues.  This unique model provides small businesses a financing option that offers no dilution, no loss of control, and no fixed repayment schedule.

“With this type of financing, we’ve avoided the rigidity and confinement of traditional bank financing and the ownership dilution from an equity investor,” added Gundling.

“We are thrilled by the addition of SSi to our RBF investment portfolio,” said BJ Lackland, CEO of Lighter Capital.  “The company has a proven history of solid growth and its expansion into new verticals brings tremendous opportunity.  The future is extremely bright for SSi and we’re honored to be their financing partner through the company’s next phase of growth.”

About SaaS Software, Inc.

Founded in 1999, SaaS Software, Inc. is a privately held Texas Corporation headquartered in Dallas, TX.  SaaS Software, Inc., (SSi) consistently delivers proven profit-driving IT solutions “Powered by SSi™” enabling its clients to drive new revenue, gain competitive advantage and capitalize on business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO. SSi develops and supports custom business solutions and commercial web-based and mobile software applications for companies in the healthcare, telecommunications and mobile, transportation, financial services, and consumer products industries.

To learn more about SSi, visit their website: http://www.poweredbyssi.com/

About Lighter Capital

Lighter Capital breaks down the barriers to small business growth funding.  The firm’s revenue-based finance model exchanges growth capital for a fixed percentage of the company’s revenues.  This structure is more flexible, easier, and faster than traditional loans, making the firm “lighter” than the marble and mahogany of the antiquated banks.

Since 2010, Lighter Capital has funded dozens of fast-growing companies that had no interest in personal guarantees from a bank nor the dilution and control provisions from venture capitalists. Lighter Capital invests $50k to $1M into growing software and technology companies with revenues of $15k per month and up. For more information, or to apply, visit: http://www.lightercapital.com/

 

Media Contact:

Susan Morrow
Marketing Symphony/SSi
214.632.2711
smorrow@marketingsymphony.com

 

Media Contact:

Jeff Pecor
Tailwind Public Relations / Lighter Capital
802.497.1932
jeff@tailwindpr.com

SSi and Luminance Integrated Technologies Partner

Luminance Integrated TechnologiesPLANO, TX, February 27, 2012 (Business Wire) – SSi is pleased to announce Luminance Integrated Technologies™ as a new client.

Luminance Integrated Technologies™ recently entered an agreement to allow SSi provide the unique SSi Smart-Sourcing™ solution for their entire office computing environment, including servers, desktops, laptops as well as handling remote access, security and back-up systems.

About Luminance Integrated Technologies™

Luminance Integrated Technologies™  is a medical device development, manufacturing and sales company innovating surgical illumination products for the surgical market. Through the application of protected platform technology, LIT has launched its first innovation, the ONE HeadLIT™ system to improve the efficiency and outcome of surgical procedures.

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

 

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SSi and Southwest Risk Partner

Southwest RiskPLANO, TX, December 1, 2011 (Business Wire) – SaaS Software, Inc. is pleased to announce Southwest Risk as a new client. With offices in Dallas and Houston, Southwest Risk will partner with SSi to provide SSi Smart-Sourcing™ services. These will include support of the Southwest Risk computing environment.

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

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Dave Harness Named Director of Client Engagement

Dave HarnessPLANO, TX, October 31, 2011 (Business Wire) – SaaS Software, Inc. named Dave Harness, Director, Client Engagement.  “We are excited to have Dave’s unique background in technology, operations, sales and marketing at SSi. His diverse skills will prove valuable as we seek to sustain our remarkable growth”, states George Gundling, SSi CEO.  Dave brings over 30 years’ experience working with companies ranging from start-ups to Fortune 100, both domestically and internationally. He has held positions of increasing responsibility at Frito-Lay, GTE and Verizon. He earned Bachelor of Science degrees in Computer Science and Psychology from the University of Iowa.

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

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George Gundling Named President and CEO of SSi

George GundlingSaaS Software, Inc. Names George Gundling President of SaaS Software, Inc.

PLANO, TX, November 10, 2009 – SaaS Software, Inc. (SSi), the leading IT managed services development company, recently named George Gundling President and CEO, effective immediately. SSi has gained significant traction in both the remote managed services and custom solutions development arena delivering cost savings and efficiency.

George’s background from Enterprise Technology Director at PepsiCo and CIO of Frito-Lay International combined with his passion for helping companies to achieve growth and profitability objectives make him an excellent fit for building the SSi business.

Gundling announced that SSi will focus on the core that has made us successful including infrastructure managed services and custom solutions development and support. “We have a very strong team that is helping our customers improve IT efficiency both in managing the day to day operations and delivering business critical solutions. Our senior CIO consultants help in aligning business and IT to meet the market demands. We will continue to concentrate on small, mid-market and emerging companies where we have consistenty demonstrated value” stated Mr. Gundling.

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

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Tom Cavanaugh Named Vice President of Customer Operations

Tom CavanaughPLANO, TX, June 15, 2009 (Business Wire) – SaaS Software, Inc.(SSi), the leading IT managed services development company, named Tom Cavanaugh, Vice President of Customer Operations. George Gundling, SSi’s CEO, stated “Tom brings to the table strong leadership from his CIO roles at Liberty Mutual, Philips Electronics, Sunglass Hut International and IT leadership roles at Burger King Corp. and Frito-Lay.”

George stated “Tom’s broad and deep background partnering with business leaders and his passion for helping companies drive down their day to day operational costs along with his proven track record successfully delivering mission critical initiatives will make him a highly valued addition to our team.”

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

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Bill Cage Named Vice President of Sales

Bill CagePLANO, TX, January 15, 2009 (Business Wire) – SaaS Software, Inc. (SSi), the leading IT managed services development company, named Bill Cage, Vice President of Sales and Marketing. George Gundling, SSi’s CEO, stated “Bill brings to the table strong leadership from his Marketing Director roles at DSC Communications and Alcatel.”

George stated “Bill’s background partnering with SMB CIOs and his passion for helping companies improve their operational costs in data centers and network infrastructure will make him a highly valued addition to our team.”

ABOUT SSi (SaaS Software, Inc.)

Founded in 1999, SSi is a privately held Texas Corporation headquartered in Dallas, TX.  SSi consistently delivers proven profit driving IT solutions enabling its clients to drive new revenue, competitive and business opportunities. In 2008, George Gundling, former PepsiCo and Frito-Lay senior technology executive, assumed leadership as President and CEO.  SSi, working with the Studer Group, developed and supports SaaS solutions running in over 600 hospitals globally.  SSi has extensive experience developing IT strategies and SaaS and other software solutions from hospitals to smaller physician groups. Visit www.PoweredBySSi.com for more information.

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