2008-11-18 15:38:00 -
cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .., a leading venture capital firm that invests in high-growth technology companies, today announced that it led a $6 million Series B round of funding for RollStream, a premier provider of enterprise community software solutions. This latest round of funding will bolster RollStream"s portfolio of software solutions to centralize trading partner contact, manage partner registration, and streamline compliance initiatives for
businesses.
Fairfax, Va.-based RollStream optimizes the enterprise community through custom solutions for extended supply chain management and streamlined communication processes among major corporations and their suppliers. By speeding collaboration and communication amongst manufacturers, suppliers, distributors and customers, the company"s hosted software solution enables businesses to reduce the cost to manage large partner communities. RollStream customers use the solution to centralize trading partner contact and credential information; to manage partner registration, on-boarding and maintenance; and to streamline one-to-many and one-to-one performance or compliance initiatives.
"With the global supply chains facing mounting financial, regulatory, and competitive pressures, there is an increasing demand for solutions that effectively manage enterprise communication between customers, manufacturers, suppliers, and distributors," said Will Dunbar, managing director of Core Capital Partners, who will also serve on RollStream"s board of directors. "As the early leader in the growing enterprise community management market, RollStream"s innovative software solutions are meeting this demand by providing cost-effective technologies that manage enterprise correspondence, are sensitive to organizational structure and increase the profitability of their business relationships."
"Our partnership with Core Capital Partners will extend RollStream"s competitive edge in the supply chain management software space," added Kristin Muhlner, CEO of RollStream. "The supply chain solution market offers few communication software products that strengthen business relationships through accelerating person-to-person interaction across the extended supply chain. We see our extended relationship with Core Capital Partners as a joint commitment to enriching the enterprise management software industry."
RollStream already has over 19,000 registered trading partners and 50,000 human contacts distributed across multiple vertical industries. The funding will be used to accelerate the development of innovative solutions and to power RollStream"s continued growth throughout North America.
About Core Capital
Core Capital is a venture capital firm headquartered in Washington, DC. The firm currently manages $350 million and provides capital to high-growth technology companies. Core Capital focuses on the kinds of disruptive, "core" technologies that enable or enhance data and communication, financing emerging opportunities in wireless, security, video, internet media, and software. To date, the firm has backed over 40 companies, with successful investments in a wide range of information technologies and business services. To learn more, please visit our website,
cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...
About RollStream", Inc.
RollStream is the leader in enterprise community management. RollStream delivers an online solution for accelerating communications and collaboration across the global supply chain. Industry leaders like McKesson Medical-Surgical, Owens & Minor and Tesco use RollStream to significantly reduce the cost and time required to onboard partners, communicate operational changes, and rollout sales and marketing initiatives. To learn more, visit
cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...
For Core Capital Partners
Karyn Barr, 202-223-9260
mailto:Karyn@allisonpr.com
