Peopleclick Inc. The total workforce acquisition provider for global companies, today announced it has entered into a $15 million debt financing agreement with RBC Centuraís Knowledge Based Industries (KBI) division.
ìThis agreement demonstrates RBC Centuraís confidence in Peopleclickís ability to execute on our strategy,î said Stephen A. Sasser, president and CEO of Peopleclick. ìThis new flexible financing gives us additional working capital when needed to accelerate our growth plans, including pursuing acquisition opportunities that will expand our product and service offerings.î
In 2004, Peopleclick signed more than 190 clients, hired more than 90 employees and enjoyed its seventh consecutive quarter of profitability in the December quarter. The company was also recently named to Forbesí Ten To Watch in 2005 list, which recognises privately funded technology companies with impressive sales growth and unique products and services.ì
ìRBC Centuraís KBI group focuses on helping technology companies at all stages of the life cycle and has worked with Peopleclick since 2002. In fact, RBC Financial Group is a client and a member of Peopleclickís Client Advisory Board,î said Brent Keating, Group Executive at RBC Centuraís KBI office in Raleigh, N.C. ìPeopleclick has a top-notch management team and client base, and we are proud to support the companyís continued success and growth through new financing.î
Peopleclick secures $15 million line of credit
Debt Financing from RBC Centura to Support Expansion Plans
