Los Altos, California – March 15, 2011 – MMV Financial (MMV), a preeminent specialty finance firm serving venture-backed companies in North America, announced today that it led a long term debt refinancing in xMatters, Inc. xMatters is the market leading provider of on premise and on demand relevance engines. Those engines allow people to receive the information that matters to them, when it matters so they can take immediate actions. This new capability provides companies with more efficient and effective IT operations, a more resilient business continuity capability and helps companies connect with their customers which increases customer satisfaction and revenues.
Founded in 2000, originally as AlarmPoint Systems, xMatters is dedicated to managing the flow of information, inspiring innovation and saving lives. xMatters delivers products and services that allow individuals to cut through the clutter of mass notification and connects people with relevant information and the actions from mobile devices. This capability reduces IT outages and costs while also saving the lives of those affected by disasters. xMatters relevance engines can also breathe new life into a product or capture a customer’s attention at a critical moment. Today, over 900 global firms use xMatters to communicate with individuals connected to their businesses.
xMatters builds relevance engines that connect people with what they need to know at exactly the right moment — so they can take immediate action. Our relevance engines work with existing enterprise applications, technologies, and processes to help businesses run faster and smarter. More than 900 global firms use xMatters to make their products and services more valuable, both internally and to their customers and shareholders. Founded in 2000 as AlarmPoint Systems, xMatters is headquartered in Pleasanton, CA with European operations based in Woking, U.K. and Asia Pacific operations based in Sydney, Australia. More information is available at www.xmatters.comor 1-866-xMattrs or +44 (0) 1483 722 001 UK.
About MMV Financial
MMV Financial empowers growth for venture-backed technology and life sciences companies across North America through creative debt solutions. We provide quick and efficient access to additional capital with limited dilution. Our goal is to help companies achieve valuation inflection points, liquidity events and/or operational cash flow breakeven with flexible, cost-effective financing. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including Wells Fargo Company, HSBC Bank Canada, Caisse de dépôt et placement du Québec, CCP Equity Partners, Fonds de Solidarité des Travailleurs du Québec and ROI Capital. For more information, please visit www.mmvf.com.