Montreal, QC – Marketingisland.com Inc., a provider of Marketing Operations Management software solutions and services, today announced the completion of US$2 million venture loan financing from MMV Financial.
Marketingisland will use the proceeds from the financing to expand its sales and marketing efforts to promote the solution so it can help its current and future clients increase revenue, reduce costs, preserve brand integrity, ensure timely and consistent marketing program execution, and benefit from a rationalized marketing supply chain.
"Marketingisland developed a comprehensive Marketing Operations Management suite of software and services to provide its clients increased efficiency in the execution of their day to day marketing functions; companies are always in search of ways to increase productivity, and Marketingisland allows marketing operations’ execution by getting the right materials to the right people, at the right time in a cost effective manner” said Jacques Perreault, Senior Vice President, MMV Financial Inc. “We at MMV are excited about working with the company to grow Marketingisland as a major player in the software as a service market."
“This is an extremely fast growing market. The financing will provide Marketingisland more resources to expand our sales and marketing operations and seize the market opportunity that is presented to us” said Bryan Bogensberger, co-founder, Chief Executive Officer, and President of Marketingisland. “Support from prominent investors such as MMV is a great validation of our offering and business model, and we are extremely pleased to have added MMV to our high caliber group of investors.”
Marketingisland is a leading Marketing Solutions Center provider dedicated to helping its clients optimize and simplify their marketing operations. Increased marketing efficiency is achieved through marketing process improvement, innovative Web-delivered Marketing Operations Management (MOM) software and comprehensive marketing services. Founded in 1999 and headquartered in Montreal, Canada, Marketingisland's Marketing Solutions Center currently supports over 8500 users and manages over 1600 suppliers with a dedicated team of marketing, technology and supply chain management professionals. For more information, please visit www.Marketingisland.com.
About MMV Financial
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial Inc., and Wells Fargo Company. For more information please visit www.mmvf.com.
MMV Financial Inc.
Senior Vice President
Tel: (514) 789-6425
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