|By Marketwired .||
|February 7, 2014 01:07 PM EST||
DELRAY BEACH, FL--(Marketwired - February 07, 2014) - LB Merchant, an affiliate of Littlebanc Advisors, LLC, is pleased to announce the completion of a $2.6 million investment in HiConversion, Inc., Littlebanc's third investment in the company. HiConversion provides a patented e-commerce revenue optimization software platform that uses real-time optimization to provide sustainable revenue lift for clients. The $2.6 million financing will allow HiConversion to expand its sales and marketing operations to support the company's rapid growth.
"HiConversion has continued to gain traction as a category leader in the conversion rate optimization space. This investment will enable HiConversion to support its growth by expanding sales and marketing channels. We are pleased to announce that this is our eighteenth transaction, and Littlebanc remains committed to funding high-quality, high-growth companies." -- Michael Margolies, CEO, Littlebanc Advisors, LLC
About HiConversion, Inc.
HiConversion, Inc., founded in 2006, is an innovative technology company providing a disruptive Conversion Rate Optimization software solution ("CRO") that enables e-commerce providers to quickly and economically increase the conversion rate of existing web traffic into online sales. Using statistical analysis and mathematical modeling, HiConversion allows online retailers to quickly increase page conversion rates in real-time, and, as a result, increase revenues and decrease online marketing costs. HiConversion's patented virtual integration capabilities eliminate adoption complexities and make it possible for e-commerce companies to point-click-and-optimize without dependency on the availability of IT resources. The adaptive optimization engine eliminates risk of testing while delivering maximum ROI at all times.
The company is led by Dr. Zee Aganovic, a successful serial entrepreneur and expert in the field of optimization theory, whose previous ventures were acquired by Ricoh and Microsoft.
"We turned to Littlebanc for a third time because they understand the unique capital needs of smaller companies. Littlebanc's management team was again a dedicated advisor throughout the capital raising process, and their high level of professionalism ensured that we could quickly meet our funding needs. This round of financing will allow HiConversion to accelerate its sales and marketing efforts so we can expand our current software offerings." -- Dr. Zee Aganovic, CEO, HiConversion For more information, visit www.hiconversion.com.
About LB Merchant, LLC
LB Merchant, LLC, an affiliate of Littlebanc Advisors, LLC, is a merchant bank that invests in small, high-quality growth companies. LB Merchant invests the firm's own capital along with capital from select Limited Partners and takes an active approach with its portfolio companies to assist them in realizing their potential.
For more information, visit www.lbmerchant.com. If you're interested in working with Littlebanc Merchant as an accredited investor or entrepreneur, please contact us at 561-922-3700 to speak with one of our Managing Directors or email us at [email protected].
About Littlebanc Advisors, LLC
Littlebanc Advisors, LLC has perfected the art of raising small tranches of capital for growth companies. Littlebanc Advisors acts as agent and advisor in traditional investment banking transactions that it conducts on behalf of its clients. As potential banking clients and merchant investments, we target compelling companies with proven business models that are on the cusp of breakout revenue and profitably but require growth capital to get them there. These earlier stage companies are typically passed over by both traditional investment banking and private equity. By focusing on this underserved yet larger market, we unearth a greater number of less competitive opportunities with higher potential returns. For more information, visit www.littlebanc.com.
Littlebanc Advisors LLC, securities offered through Wilmington Capital Securities LLC, Member FINRA/MSRB/SIPC.
"Ulunsoft is a start-up that focuses on how enterprises build cloud-based IT infrastructure for business," explained Haibo Zhu, President of Ulunsoft Corp, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 06:15 AM EDT Reads: 2,412
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Jun. 3, 2015 06:15 AM EDT Reads: 4,321
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 06:00 AM EDT Reads: 6,417
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Jun. 3, 2015 05:30 AM EDT Reads: 4,456
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jun. 3, 2015 05:30 AM EDT Reads: 2,036
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 05:00 AM EDT Reads: 4,493
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Jun. 3, 2015 04:00 AM EDT Reads: 826
"We have developers who are really passionate about getting their code out to customers, no matter what, in the shortest possible time. Operations are very focused on procedures and policies," explained Stan Klimoff, CTO of Qubell, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 04:00 AM EDT Reads: 5,050
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
Jun. 3, 2015 04:00 AM EDT Reads: 2,739
SYS-CON Events announced today that SUSE, a pioneer in open source software, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SUSE provides reliable, interoperable Linux, cloud infrastructure and storage solutions that give enterprises greater control and flexibility. More than 20 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help ...
Jun. 3, 2015 04:00 AM EDT Reads: 1,271
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
Jun. 3, 2015 03:15 AM EDT Reads: 2,433
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 03:15 AM EDT Reads: 3,592
"SendGrid sends about 15 billion emails a month and process all the events associated with that, about a trillion events a year," explained Aaron Beach, Senior Data Scientist at SendGrid, in this SYS-CON.tv interview at Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 03:00 AM EDT Reads: 864
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
Jun. 3, 2015 02:30 AM EDT Reads: 2,981
“Connect2Me is basically a game changer in the IoT industry. We have created IoT connecter middleware that can enable a connection to any kind of device," explained Yasser Khan, CTO of Connect2Me, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 3, 2015 02:15 AM EDT Reads: 3,136