Avalon Solutions Group Raises $5M in Funding

avalonAvalon Solutions Group, a Dallas, TX-based technology company focused on the development of Software as a Service (SaaS) based solutions to support merchant payment processes for small businesses, raised $5m in funding.

An unnamed private investor provided the funds in two tranches.

The company intends to use the funds to complete the development of the service and go to market with the sales and marketing support necessary to roll out a new service in the mobile payments market.

Led by David Sanders, chief executive officer, Avalon Solutions Group provides myOmny™, a SaaS enterprise business management solution for the small-to-medium business (SMB) market which combines mobile Point of Sale (mPOS), accounting/Quickbooks integration, customer engagement, financial reporting, scheduling and recurring billing through a mobile platform.



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