CRM Vendor ReachForce Secures Additional Debt Financing - Consumer Finance Hub

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Debt Research News

HOME :: RESEARCH :: DEBT :: NEWS:: JUN 2007
CRM Vendor ReachForce Secures Additional Debt Financing

ReachForce, Inc. a vendor of OnDemand Data Services, has announced that it has secured $1 million in debt financing from Silicon Valley Bank in addition to its $3.2 million in Series A funding from G-51 Capital and private individuals. The vendor, launched in October 2005, will use the additional capital to "fuel accelerated customer acquisition, new product development and technology initiatives," according to company officials. ReachForce sells OnDemand Data Services for CRM -- customers of companies such as salesforce.com, Siebel/Oracle (News - Alert) CRM, MicrosoftCRM, and others.

read entire article on tmc.net

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