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Plimus Secures $18M in Strategic Funding - Plimus, Inc., a leading independent provider of outsourced e-commerce services, announced today that the company has secured an $18 million financing round
Plimus Secures $18M in Strategic Funding

 

PRZOOM - /newswire/ - San Diego, CA, United States, 2008/07/07 - Plimus, Inc., a leading independent provider of outsourced e-commerce services, announced today that the company has secured an $18 million financing round.

   
 
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The capital will be used to support the growth of the company as it delivers the widest range of services to an ever-growing base of independent software and digital product vendors who use its services to market and sell their products online.

Susquehanna Growth Equity, LLC (SGE), a private equity firm investing in growth capital and late stage venture companies in the financial technology, information technology, and business services sectors was the sole institutional investor in the round. As part of the financing, Amir Goldman and Jonathan Klahr of SGE will join the board of directors.

"What we found to be unique at Plimus was the extent to which the company listens to its clients. This has allowed Plimus to build a diversified global client base," remarked Jonathan Klahr of SGE. "This funding will enable Plimus to accelerate the release of new services and invest in maintaining its high service levels, driving client satisfaction and meeting the burgeoning demand for outsourced e-commerce services."

Commenting on this round of investment, Hagai Tal, CEO of Plimus, said: "We are thrilled by the confidence SGE has shown in our business and delighted to be able to offer deeper and broader services and support to our clients. We look forward to continuing to deliver outstanding service."

 
 
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Agency / Source: Plimus Corporation, Inc.

 
 

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Plimus Secures $18M in Strategic Funding

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Plimus Corporation, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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