SharedLabs, Inc.'s Funding Provides Fuel to Grow an Innovative Technology Services Company.
JACKSONVILLE, Fla., Feb. 20, 2018 /PRNewswire/ -- SharedLabs, Inc., one of Florida's fastest growing companies specializing in enterprise technology services, today announced that it has closed on a $15 million-dollar asset-based financing line with a new senior secured creditor. The line of credit will enable SharedLabs to reduce its current cost of capital, have access to more capital to operate the business, and fuel the aggressive growth plans for FY 2018 as well as the expansion of its fast growing blockchain services business.
"As an industry, we're just scratching the surface of how powerful blockchain and automation technologies can be when combined with the benefits of cloud and big data technologies," said SharedLabs' Chief Executive Officer Jason Cory. "Having the financial resources now available to us as we expand, and domain expertise we have built in our large digital ecosystem, should help us execute our vision even more rapidly and broadly – as we continue to leverage the experience, perspectives, and relationships we have as a leading technology provider."
About SharedLabs:
SharedLabs is a fast-growing, global technology company, with a broad range of software, digital, cloud, blockchain, AI, and security services offered to both commercial and government clients across many industry verticals, including technology, digital media & entertainment, banking & insurance, payments, transportation, retail, and ecommerce sectors.
A respected partner to many of the largest technology companies in the world, SharedLabs creates, supports, secures, transforms, and manages the software, infrastructure, and systems which drive today's digital world.
With many brands in its portfolio, the SharedLabs brand was launched in 2016 to better convey the company's approach to joint success with its customers.
CONTACT: Lenny Abbott, [email protected]
SOURCE SharedLabs, Inc.
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