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Golub Capital Provides Vector Capital Growth Financing to Support CloudSense Expansion

June 11, 2019, 09:05 AM
Filed Under: Industry News
Related: Golub Capital

Golub Capital announced that it recently provided growth financing to CloudSense, a leading provider of sales and delivery software solutions, in support of Vector Capital.

Golub Capital served as Administrative Agent and Lead Arranger. This credit facility will provide CloudSense with a flexible financing solution designed to accelerate its rapid global growth and product innovation.

CloudSense’s rise is rooted in helping leading brands transform for digital.

CloudSense’s end-to-end sales and delivery platform, comprising Configure Price Quote (CPQ), Order Management and Digital Commerce, is trusted across multiple industries to supercharge the world’s leading CRM, Salesforce. CloudSense empowers enterprises to unlock higher revenues through unprecedented commercial innovation, increased efficiency and ongoing customer success. The London-headquartered company was founded in 2009 and has since grown to more than 300 people in 11 offices around the world.

“CloudSense is a recognized leader in its space, and we are enthusiastic about the opportunity to partner with both CloudSense and Vector Capital,” said Troy Oder, Managing Director on Golub Capital’s Middle Market Lending team. “By working closely with Vector and the CloudSense team, we were able to create a flexible recurring revenue loan designed to support the continued expansion of the platform. We were also able to meet CloudSense’s currency requirements by providing financing in its local currency.”

“Golub Capital provided a compelling, scalable local-currency solution tailored to provide CloudSense with the flexibility to make significant investments in growth,” said Tom Smith, Vice President at Vector Capital. “Golub’s skill and confidence in navigating international transactions is important to Vector as we seek to capitalize on opportunities outside of the U.S. market. We look forward to continuing our relationship with the Golub team.”

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