Feb 29
2016
VIIAD Systems Raises $2 Million in Growth Funding from SaaS Capital
LVIIAD Systems, LLC a provider of web-based healthcare information solutions, announced that it has received a $2 million growth funding commitment from SaaS Capital.
“As VIIAD enters 2016 with 40% YoY revenue growth and significant bookings, we found the SaaS Capital solution to be the optimal vehicle to accelerate our expansion while keeping our focus on consistent execution,” said Donna Usiskin, VIIAD Chief Strategy Officer.
VIIAD (Virtual Interactive Identification And Direction) reduces costs, improves efficiency and increases satisfaction across the healthcare spectrum. From ensuring that patients connect to preferred providers at every step on the path of care, to providing instant verification of benefits and helping administrators streamline their workflows, VIIAD is making healthcare run more smoothly. VIIAD was built to service users from anywhere delivering accurate, relevant information about their specific plan and providers in real-time. Executing against their integrated cohesive engine, Compass, creates opportunities to leverage increased engagement and penetration, in turn, optimizing results.
“As we all know, healthcare is a bit of a tangled web for patients and providers, so any company that can simplify and streamline the process is one we are happy to support,” said Todd Gardner, Founder and Managing Director of SaaS Capital. “What they do is not easy, but they have figured it out, and we are excited to help them grow even further.”
About SaaS Capital
SaaS Capital is the premier provider of Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital’s Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
About VIIAD Systems
Founded in 2006, VIIAD Systems is the leading healthcare technology company reinventing how healthcare information flows. The company’s patent pending enterprise healthcare information management cloud dynamically streamlines complex network, plan and member information with accurate real-time data updates and transparency. By facilitating access to data for payers, providers and members, VIIAD’s customized solutions make data actionable driving better care management, resource allocation, and cost containment in the healthcare and workers’ compensation markets. VIIAD makes healthcare data transparent and actionable – anywhere, anytime. For more information visit www.VIIAD.com and connect on Facebook, LinkedIn and Twitter.
As a SaaS company that needs capital to expand, we know that most options for obtaining debt capital are not favorable to your business model. Bank loans and venture capital are viable options, but these financing models have significant drawbacks.