Three SaaS Capital Portfolio Companies Acquired

CINCINNATI, SEATTLE, October 17, 2024 – SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, congratulates portfolio companies TraceGains, SocialClimb, and Image Relay on their recent acquisitions.

Veralto Acquires TraceGains for $350 million

About TraceGains: For over 15 years, TraceGains’ solutions have empowered food and beverage stakeholders to build more transparent, efficient and interconnected supplier networks that deliver safer, more compliant products to customers in less time. Using the power of TraceGains’ differentiated network, global brands gain digital visibility to over 550,000 ingredients and items from more than 80,000 supply chain locations which provides greater speed and control over compliance, enhances new product development and increases go-to-market velocity.

RLDatix Acquires SocialClimb

About SocialClimb: SocialClimb helps healthcare providers target and attract patients by improving their reputations, dominating local search, and growing the value of their healthcare facility no matter how large or small. In addition to helping providers collect reviews and improve their rankings, its industry-leading platform uses deep analytics to deliver targeted reputation ads to attract the most profitable patients.

Canto Acquires Image Relay

About Image Relay: Image Relay is inspired by helping brands and organizations tell their stories. The Vermont-based software-as-a-service (SaaS) company offers a unified DAM and PIM solution called Marketing Delivery. Customers use Image Relay to efficiently store, access, and share their brand-approved, up-to-date product information and digital assets. The Marketing Delivery system is purpose-built to enable an omnichannel presence, reduce product-to-market time, and amplify revenue. Image Relay is SOC-2 compliant and used by over 400 companies with 100,000 users throughout the world.

SaaS Capital lends $2M to $15M to B2B SaaS companies with $3M in ARR and up, registered and banked in the US, Canada or UK. Companies do not need to be venture-backed, nor do they need to be profitable. Borrowing base formula is typically 5x to 8x monthly subscription revenue.

About SaaS Capital

SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has committed more than $375 million in growth debt facilities to deliver better outcomes for our 110+ clients, resulting in more than $2 billion in total enterprise value created. Visit www.saas-capital.com to learn more.