GCommerce has closed a financing transaction with Decathlon Capital Partners that will fund the ongoing development of the company’s platform and support new client deployments.
GCommerce facilitates real-time information sharing between thousands of trading partners and processes tens of millions of transactions per year, helping to automate the buying and selling process and taking friction out of supply chains, according to the company.
“Our suite of software-as-a-service solutions eliminates the cost, time and infrastructure barriers that have typically impacted the competitiveness of manufacturers and suppliers,” said Steven Smith, CEO and president of GCommerce. “The agreement with Decathlon Capital Partners will allow us to pursue a range of accretive activities, including the addition of new services to our platform, growth of our trading partner network, exploration of potential bolt-on acquisitions and expansion into new verticals.
“In this age of always-on, agile and consumer-facing omnichannel solutions, GCommerce is levering up its capability to provide this functionality to its broad network of retailers, distributors and manufacturer-suppliers in the North American vehicle aftermarket,” Smith added.
“Cloud-based SaaS solutions are replacing legacy paper and EDI-based ones in this large market because they are more robust, scalable, accessible and easier to integrate,” added John Borchers, partner at Decathlon Capital. “GCommerce is a leader in this transformation, and we’re pleased to provide a non-dilutive financing solution to help the company achieve its goals. We’re looking forward to working with Steve and his team going forward.”