Archive for Growth

Planet DDS Secures Growth Capital

Irvine, CA (PRWEB) March 12, 2015

Irvine, California based dental practice management software company Planet DDS has received an infusion of capital from District Line Partners, a specialized investment firm out of Washington, D.C.

Planet DDS, which was founded in 2004, is the leading provider of cloud-based dental practice management software in the United States. Planet DDS also offers outsourced business services to dental practices across the country.

When asked to comment on the transaction, Richard Lee, founder of Planet DDS, said, “We are well positioned to accelerate our growth, and District Line brings more than just capital. Blake and Eric [Giesecke] fit in well with the team and share our vision for what this company can become.”

Blake Rice, Principal at District Line Partners, remarked, “Planet DDS has developed a very impressive cloud-based offering over the last decade. Denticon software is well ahead of the competition in helping practices achieve better results across a broad spectrum ranging from solo practitioners to large, multi-location groups. We’re very excited to be part of the next stage of the journey with Rich and his team.”

About Planet DDS

Planet DDS is the established leader in cloud-based dental software. The company’s Denticon practice management software is a powerful, flexible tool trusted by thousands of dental professionals across the country. More information on Planet DDS is available online at http://planetdds.com/.

About District Line Partners

District Line Partners is an acquisition firm dedicated to acquiring a single business. More information on DLP can be found at http://www.districtlinepartners.com/.







Steelwedge Announces $22.5M of New Growth Capital to Accelerate Supply Chain Planning Innovation and Enhance Customer Support


Pleasanton, CA (PRWEB) March 12, 2015

Steelwedge, the leader in cloud supply chain planning and sales and operations planning (S&OP) solutions, today announced that it has received $ 22.5M in new growth capital led by Camden Partners. Other investors include return backer Mainsail Partners and Shea Ventures. New CEO Pervinder Johar is also investing personally in this round.

“This is a tremendous opportunity to invest in cloud-based software that represents the next generation of supply chain planning solutions,” said Jason Tagler, managing member of Camden Partners, the lead investor. “I have tracked Steelwedge for several years and have been impressed with the results the team has delivered. I am particularly impressed by the number of blue chip customers the company has added during that timeframe.”

The investment will be used to accelerate product development, expand sales and marketing, and deliver the highest quality service to the company’s growing customer base. Integral to these efforts is a new office, which will open in Austin, Texas later this year. The Austin office will serve as a technology, sales, and services hub that will enable Steelwedge to better serve the increasing number of customers and prospects in the region. The office will house a large, state-of-the-art R&D Co-Innovation Lab where product managers and software engineers will work directly with customers to push the boundaries of supply chain management forward.

“This new capital positions us well to build on the company’s incredible growth over the past several years,” said Pervinder Johar, CEO of Steelwedge. “We are excited to have Jason Tagler join the board of directors and to leverage his experience investing in enterprise SaaS businesses. This will help us attack the large market opportunity in supply chain management.”

“We selected Camden as our partner based on Jason Tagler’s understanding of our business and our aligned perspectives on building the company in its next phase of growth,” added Jason Payne, Managing Partner of Mainsail Partners.

Steelwedge was ranked #200 on Deloitte’s Technology Fast 500™ in 2014 based on the company’s 500% revenue growth in the 2009-2013 period. Steelwedge was also positioned as a Visionary in the 2014 Gartner Magic Quadrant for Supply Chain Planning System of Record*. In the past two years the company has added some of the biggest names in manufacturing as customers, including GoPro, Hewlett Packard, and Nissan.

About Steelwedge

Steelwedge’s cloud supply chain planning and S&OP solutions enable leading manufacturers to profitably align demand, supply, strategy and financial goals. Connecting people, processes and technology, Steelwedge big data solutions transform supply chain ecosystems. Leading manufacturers like HP, Lenovo, Jaguar, Land Rover, Nissan, and Monsanto trust Steelwedge to help them mitigate risk and profitably navigate a rapidly changing business environment. Visit http://www.steelwedge.com.

About Camden Partners

Camden Partners, founded in 1995, operates private equity funds that provide growth capital to emerging companies in the Technology-Enabled Business Services, Healthcare and Education sectors. For more information, please go to http://www.camdenpartners.com.

About Mainsail Partners

Mainsail Partners is a leading growth equity firm that invests exclusively in growing bootstrapped businesses and builds them into industry leaders. The San Francisco-based firm has raised nearly $ 400 million in committed capital to back outstanding entrepreneurs. Mainsail has been leading investments in software and technology-enabled companies for more than a decade, including investments in eSecuritel, Netchemia, PayLease, Steelwedge Software, and Zen Planner. For further information, please visit http://www.mainsailpartners.com.

About the Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

*Gartner, Magic Quadrant for Supply Chain Planning System of Record, Tim Payne, 06 March 2014







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Peltz Shoes Announces Business Growth & Expansion of Online Shoe Store and Local Retail Locations


Clearwater, FL (PRWEB) December 16, 2014

Peltz Shoes announced today that the corporate headquarters and warehouse will soon be moving to a new, larger, facility in early 2015. Peltz has recently purchased the previous Staples building located at 10900 US Hwy 19 N, Clearwater, FL 33764. The decision to move the corporate headquarters is in an effort to support the rapid growth of Peltz Shoes stores, staff, and inventory to fulfill the growing number of loyal Peltz Shoes customers. Peltz will be expanding from a 14,224 sq. feet facility to a 61,156 sq. foot facility. The increase in size will assist in creating more office space for the growing staff and the consolidation of both warehouses to make it the singular fulfillment center for the stores and the online website where they sell shoes and accessories at http://www.PeltzShoes.com. Peltz Shoes feels this move is critical in order to honor the company’s core values: Caring for each other, Caring for our customers, Caring for our community, Caring for the Vendors, and Caring for the company.

With this project, Peltz Shoes is helping to keep and create jobs in Pinellas County. They have carefully chosen a trusted group of companies to make this move a successful and smooth transition. Crown will provide and install storage racks, shelving, wire decks, and entry rails. The flooring will be entrusted with Bolyu Commercial Carpet and Luxury Vinyl Tile. Bright House Networks will be responsible for the digital cable, communications, and fiber optics. In addition, all telecommunication needs will handled by Tampa Bay Telephone. For their alarm and monitoring system Peltz Shoes has partnered with EMG, another family owned and operated business. ConServ will be handling all of the lighting needs for the offices and warehouse. All of the air conditioning for the building will be provided by BCH mechanical. E. M. Phillips Construction Company, who specializes in commercial construction, will be doing the build-out. In efforts to provide continual efficiency and dependability, Peltz will be teaming up with Charlie Strange at The Solution Associates to create the new Warehouse Management System. Finally, Peltz Shoes will be working with Frye Engineering to integrate their layout with the new warehouse management system.

About Peltz Shoes

Peltz Shoes is a multichannel merchant of high quality, styled and comfort oriented footwear at a fair price. In 1957 Peltz Shoes first location opened in St. Petersburg, FL and has provided customers “A perfect fit” every time by providing sizes, service, savings and selection to their customers. Peltz Shoes carries products from more than 150 top brands including Clarks, Sperry, Merrell, New Balance, Asics, Rockport, Ecco, Dockers, Naot, La Plume, Josef Seibel, Kenneth Cole, BOC and more.

The modern 9,000 to 15,500 square foot retail stores house over 250,000 pairs of shoes. The quality of the products and the knowledge of the staff are the reason that Peltz Shoes is the #1 shoe store in Pinellas County since 1957. Peltz Shoes has retail locations in St. Petersburg, Clearwater, Brandon, Bradenton, Sarasota, Ft. Myers Florida, and online at http://www.PeltzShoes.com.







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Exinda Boasts 47 Percent Sales Growth in the MSP Market


Boston, MA (PRWEB) October 16, 2014

Exinda, a global supplier of Network Orchestration solutions, today announced significant achievements in the managed services provider (MSP) market. Driven by its unique MSP solution approach, the company has seen a 47 percent increase in sales to this market from the same period last year. Exinda’s success with its MSP partners has had global reach, with more than 200 percent growth in regions outside North America.

MSPs of all sizes have chosen to partner with Exinda to grow their businesses by improving application and internet experiences for customers. The company has seen a 70 percent increase in the number of MSP transactions which is a byproduct of the wider variety of businesses adopting managed service practices to differentiate their operations. Exinda’s recent addition of dedicated MSP sales, marketing and support teams has made the company even more attractive as a partner for all types of MSP operations, including global brands like Single Digits and Precor.

Single Digits, a leading global provider of guest High Speed Internet Access (HSIA) solutions, is one of many MSPs partnering with Exinda to differentiate their business and serve clients better. “Exinda has certainly helped us to be more competitive and improve customer satisfaction over the last year with their Network Orchestrator line of products,” CEO Bob Goldstein states. “Their products improve our customers’ network performance and visibility, have a fast and intuitive GUI, and reduce troubleshooting time if an issue does occur. Using Exinda products have given us a competitive edge in the MSP market, while surpassing customer expectations.”

Precor®, a globally recognized fitness brand, is an example of a growing sector of non-traditional MSPs partnering with Exinda. “Precor has supplied over 28,000 networked exercise machines with state-of-the-art Preva software to more than 1,700 gyms worldwide,” said Will Ostrander, Senior Product Manager – Networked Fitness at Precor. “We chose to partner with Exinda to offer our operators a solution that optimizes the exerciser experience and is easy for us to deploy and manage. Our partnership with Exinda has enabled us to transform the exerciser experience and give fitness center operators a competitive advantage.”

The managed services market overall has grown tremendously in recent years, and Research and Markets expects it to reach $ 250 billion by 2018, at a CAGR of more than 12 percent. Yet with that growth, significant challenges are emerging as more MSPs enter the marketplace: Price and margin erosion, customer churn and rising operational costs.

Exinda’s solution for MSPs was architected to help these businesses be more competitive, add new sources of revenue, reduce churn and expand customer lifetime value. The solution enables MSPs to:


Quickly add new, differentiated services: MSP partners can augment existing remote infrastructure services with visibility, control and acceleration of client applications at user, group and site level. By providing 24×7 application performance monitoring and alerting, MSPs can differentiate themselves from competitors who typically offer basic availability monitoring only.

Improve end customer experience and satisfaction: Exinda’s intuitive monitoring, analytics and reporting enable MSPs to improve end-to-end quality of experience for clients and deliver new levels of service transparency. MSPs can easily show clients how network resources are being used across all applications, users, devices and locations.

Easily acquire, deploy and scale: Exinda’s flexible financing options, single-platform solution, and intuitive NOC management console make it easy for MSP partners to develop and launch new services, accelerating time to profitability for the business practice.

“We have seen tremendous success by providing clear business value to our MSP partners,” said Kevin Kirksey, General Manager of the MSP Business Unit at Exinda. “As this market evolves and MSPs continue to grapple with the challenges and opportunities presented by increasing competition and rising complexity in end customer networks, Exinda can help them continuously evolve and differentiate their IT service offerings.”

In addition to helping MSPs be more profitable, the Exinda solution also enables MSPs to provide end value added services to end customers. Exinda’s monitoring and management capabilities bring new levels of application reliability and user experience quality for end customers including:

Better user experience: Enhancing quality of experience for business applications like voice, video and collaboration

WAN performance improvement: Eliminating the perception of performance problems by removing unwanted traffic and accelerating strategic business applications

WAN cost containment: Control end customer WAN costs by dynamically allocating bandwidth to avoid costly burst rates charged by ISPs

Faster application roll out: Helping end customers deploy new applications without adding unnecessary, costly infrastructure

ISP service transparency: Keeping ISPs accountable by ensuring they are delivering the bandwidth levels they commit to

Learn more about how Exinda is working with its MSP partners by visiting Exinda at MSPWorld Booth 31, October 15-17, 2014, at The Cosmopolitan, Las Vegas, or visiting http://www.exinda.com/msp.

About Exinda

Exinda is a leading global supplier of network solutions that deliver a predictable user experience for strategic business applications through policy-based network orchestration. Exinda solutions intelligently allocate network bandwidth and optimize traffic based on the priorities of the business. The company has helped more than 3,500 organizations in over 80 countries worldwide and managed service providers of all sizes assure application performance, improve the end-user experience, reduce network operating costs and meet client quality of experience SLAs.

About Precor

Precor designs and builds premium fitness equipment for effective workouts that feel smooth and natural. With a passionate focus on ergonomic motion, proven science and superior engineering, the company continually advances the home and commercial fitness industry with breakthrough new product categories, including, EFX® Elliptical, Adaptive Motion Trainer® “AMT®” and Preva® Networked Fitness. Precor is a subsidiary of Amer Sports Corporation, the world’s largest sports equipment company, with internationally recognized brands Wilson, Atomic, Suunto, Salomon, Arc’Teryx and Mavic.

About Single Digits

Single Digits is a leading global provider of High Speed Internet Access (HSIA) management and support solutions, guest management software and technical support services. We offer a complete guest HSIA solution, led by the pioneering Business Access Portal ©software and also includes components of IP network design, engineering, professional services, ongoing maintenance, networking monitoring, multi-lingual support, revenue reporting and authentication tracking. Our sound business fundamentals – on which the company was created – have led to exceptional growth, profitability and recognition by Inc. Magazine as one of the 500 fastest growing companies in the United States for multiple years.







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