Accelerize New Media Inc. (OTCQB:ACLZ), a Newport Beach, CA-based provider of a a SaaS solution that tracks and analyzes spend for online marketing campaigns, received a $3m credit facility.
Square 1 Bank (Nasdaq:SQBK) provided the facility.
The company intends to use the funds for growth activities.
Led by Chairman and CEO Brian Ross, Accelerize New Media owns and operates CAKE, an advanced SaaS-based solution that offers tools for advertisers, agencies, networks and publishers to optimize the impact of digital marketing campaigns. The platform supports multiple languages and currencies for online marketers to track and better target their digital spend on a global scale.
The company has also now launched cupCAKE, a campaign management solution for small and medium sized affiliate marketers.