DALLAS--(BUSINESS WIRE)--Avalon Solutions Group, a technology company focused on the development of Software as a Service (SaaS) based solutions to support merchant payment processes for small businesses, announced today a $5 million capital raise that will further fuel the company’s success.
Avalon Solutions will use this investment to finance the company’s growth and achieve aggressive merchant acquisition goals. The primary focus will be 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.
The first $3 million was raised in August 2014 from a private investor. Avalon Solutions Group later received another $2 million from the same investor, making these two raises a significant achievement for the technology company.
Avalon Solutions Group’s core product is myOmny™, a SaaS enterprise business management solution for the small-to-medium business (SMB) market. This software combines mobile Point of Sale (mPOS), accounting/Quickbooks integration, customer engagement, financial reporting, scheduling and recurring billing through a mobile platform. This solution was created for SMBs to automate business processes and workflows.
“We have made great advancements in the technology and digital transaction market, and that is evident in our recent $5 million raise,” said David Sanders, chief executive officer of Avalon Solutions Group. “Receiving not one, but two large investments is a considerable feat for our company, and we anticipate great accomplishments over the next year as we continue to invest in our development, marketing and technologies.”
In support of the company’s growth, Avalon Solutions Group has expanded its office to Dallas at 17304 Preston Road and the company is looking to hire inside sales and customer support resources.
About Avalon Solutions Group
Avalon Solutions Group serves small businesses by providing efficient and cost-effective solutions for electronic payment processes. The company’s focus is on developing and delivering integrated SaaS based software applications that include mobile POS, analytics, accounting integration and customer engagement. For more information, visit www.avalonsolutionsgroup.com.