We are pleased to announce our eighth financing with a Salesforce AppExchange ISV. Envisiontel, a leader in training automation is our fourth in the last five months.
“Envisiontel is a front-runner in the emerging training automation market,” said BJ Lackland, CEO of Lighter Capital. “With three apps on the Salesforce AppExchange, they exemplify the kind of subscription-based software company we love to partner with.”
Envisiontel develops cloud-based subscription software that lets customers automate the tedious tasks associated with managing student access to online training materials. Their growing list of customers include Compuware, Everbridge, Emerson Process, Lakewood College and Thunderbird University.
Lighter Capital’s $150,000 revenue-based financing was a good fit for Envisiontel. Matt Lee, Envisiontel Founder and CEO, said, “As a software vendor, Envisiontel was in a unique financial position. We didn’t have capital assets like buildings or heavy machinery to leverage with traditional banks in order to acquire working capital and we weren’t quite ready to raise venture capital. We needed to add some headcount in order to grow but wanted to maintain control in order to fine-tune our business model. Lighter Capital offered a solution that was perfect for us. By paying back our loan as a percentage of monthly revenue, their model gave us the capital we needed with the control and flexibility we desired.”
Through its custom workflows, rule-based automation, e-commerce and integration with company CRM systems, Envisiontel is saving their customers countless hours and helping them achieve measurable training ROI. If you’re looking to align your marketing, training and customer retention programs through a single workflow that saves time and improves productivity, get in touch with Envisiontel. You can find them at envisiontel.com and follow them on twitter @envisiontel.