Revionics, an Austin, Texas-based profit optimization company, received a credit facility from Square 1 Bank, a division of Pacific Western Bank.
The amount of the deal was not disclosed.
Proceeds from the facility will provide working capital to expand Revionics’ strategic growth initiatives.
Led by Marc Hafner, CEO and Chairman, Revionics provides retailers with SaaS-based pricing, promotion, markdown and macro space solutions.
Used by some of the most profitable retail brands in ecommerce, grocery, hardlines and softlines, the company’s solutions optimize more than 62,000 retail sites across 18+ million products.
FinSMEs
26/08/2016