|By PR Newswire||
|September 22, 2016 02:01 PM EDT|
SILICON SLOPES, Utah, Sept. 22, 2016 /PRNewswire/ -- Global pure-play Partner Relationship Management (PRM) leader Impartner today announced that it has received $8 million in growth capital financing from ORIX Growth Capital, a leading growth finance company, and Silicon Valley Bank, the bank of the world's most innovative companies and their investors. The financing from ORIX and Silicon Valley Bank will allow Impartner to further accelerate their already strong growth by increasing sales and marketing expenditure, continuing to capture momentum in the fast growing PRM market, which analysts estimate could be as large as $5 billion.
"Impartner is a clear innovator in the PRM space," said Jeff Bede, co-head and managing director at ORIX Growth Capital. "We recognize the growing PRM market opportunity and Impartner's differentiated product suite and strong customer traction. We believe Impartner has the right management team and product offering to maintain a leading market position in this sector."
"Since the acquisition of Impartner (formerly known as Treehouse Interactive) by Kennet Partners in the spring of 2015, Impartner has been on an absolutely explosive growth trajectory driven by companies' increasing focus on accelerating revenue by embracing indirect channels," said Bert Young, Impartner chief financial officer. "We couldn't be more pleased to have ORIX and SVB as our investment partners in fueling additional growth and we appreciate their understanding of the market opportunity and their willingness to grow with the company over time."
In the past eighteen months, Impartner has focused on taking PRM functionality to main street corporations; making powerful PRM functionality available in an out-of-the-box solution that delivers ROI in as few as 30 days. In the process, Impartner has won numerous national and international awards that have turned it into the most award-winning PRM vendor in the market.
About ORIX Growth Capital
ORIX Growth Capital specializes in designing highly customized financing solutions for high-growth companies with investments starting around $5 million and growing to $50 million. The team has committed over $1.4 billion to more than 125 companies. ORIX Growth Capital is a business unit of ORIX USA, a Dallas-based financial services firm known for providing innovative capital solutions that clients need to propel their business to the next level. With more than 600 employees spanning 20 offices across the U.S. and Brazil, ORIX USA and its family of companies hold $6 billion of assets and manage an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX Growth Capital, visit www.orix.com/growth-capital.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
With nearly two decades of experience in accelerating indirect sales, Impartner delivers the industry's most advanced SaaS-based Partner Relationship Management solution, helping companies worldwide manage their partner relationships and accelerate revenue and profitability through indirect sales channels. The largest pure-play PRM vendor in the world, Impartner provides the industry's only out-of-the-box solution that can deploy an enterprise-class Partner Portal in as few as 30 days, using the company's highly engineered, multi-award winning, three-step Velocity™ onboarding process. For more information on Impartner, which is based in Utah's tech hotbed, the Silicon Slopes, visit www.impartner.com, or in the United States call +1 801 501 7000, for EMEA general call +33 1 40 90 31 20, for London call +44 0 20 3283 4465, and for LATAM call +1 954 364 7883.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/impartner-receives-8-million-in-growth-capital-from-orix-growth-capital-and-silicon-valley-bank-300332731.html
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