SAN FRANCISCO, July 10, 2018 (GLOBE NEWSWIRE) — Business Capital has delivered a working capital facility to the US operations of Kellton Tech Solutions, a worldwide IT solutions company based in India with US operations headquartered in Princeton, NJ. It is publicly traded on the Bombay and National Stock Exchanges of India (KELLTONTEC) and ranked in the upper half of the top 50 fastest growing technology companies in India by a 2016 Deloitte survey. Kellton powers one of the world’s largest eCommerce marketplaces and is a leader in digital transformation and commerce, SAP, product development and services with a focus on ISMAC, as well as other niche expertise and innovative tech solutions.
“Reed Upson and the entire team at BizCap were a pleasure to work with during our recent transition to a new banking relationship for our expanding US operations,” said Srinivas Potluri, CEO of Kellton Tech. “It was a true partnership that worked flawlessly through the entire process. The integrity, availability and guidance provided by the BizCap team was invaluable in closing the deal on time – they delivered on all of their promises.”
“We were proud to work with the team at Kellton to secure capital for their rapid international expansion. The leadership of CEO Srinivas Potluri and Chairman Niranjan Chintam was ultra-present throughout the process, their diligence and professionalism resonated with our team and capital partners,” said Business Capital’s Managing Director Chuck Doyle. “BizCap is proud to partner with like-minded clients who are committed to their customers and the evolution of their businesses.”
Business Capital is a leading commercial finance firm specializing in securing customized non-dilutive credit based solutions for rapidly growing as well as challenged middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fbedf913-5342-4854-8cd9-f42cf04326df