GlobalWare Solutions Receives Additional Funding
Mezzanine Management, LLC, Funds
Accelerated Business Transformation, Internal Operations, International Expansion
HAVERHILL, Mass.-September 26, 2005-GlobalWare Solutions, Inc., an industry leader providing supply chain outsourcing solutions, recently announced increased funding of $10 million from Mezzanine Management, LLC.
The infusion of capital will accelerate GlobalWare Solution’s business transformation; streamlining internal operations, completing a company-wide enterprise resource planning (ERP) implementation, expanding GlobalWare’s business-to-business electronic commerce capabilities, and accelerating the company’s expansion internationally, explained Michael Liess, GlobalWare Solutions’ president.
“We are fortunate to have investors who are committed to GlobalWare Solutions aggressive business transformation strategy,” Liess, said. “This funding enables us to develop innovative Supply Chain solutions, optimize cost efficiency and enhance service quality. It also enhances our ability to establish a strong and vital presence in Asia and Europe, markets where we know GlobalWare Solutions capabilities will add value to our current and future customers."
GlobalWare Solutions continues to add a number of world-class enterprise accounts, explained Bradley A. Jay, managing director of Mezzanine Management LLC, a leading supplier of growth capital. “Today, GlobalWare Solutions is positioned to provide its customers tailored supply chain solutions to improve customer satisfaction and increase
profitability.
About GlobalWare Solutions:
Headquartered in Haverhill, Massachusetts, GlobalWare Solutions operates facilities in North America (Haverhill, MA and Redwood City, CA), Europe (The Netherlands) and Asia (China, Malaysia and Singapore). Among the company's roster of clients are such leading corporations as Avid, Sun Microsystems, Veritas, Disney and Cox Communications.
GlobalWare Solutions serves the hardware and software OEMs and the broadband, medical and retail industries. The company manages inventories and logistics, provides on-demand CD's and printing, supports digital rights management and e-Licensing. Companies have relied on GlobalWare's expertise to provide high-quality products and services in short turn-times. The company's value-chain services include e-business services, supply chain management, software manufacturing, fulfillment and reverse logistics.
The privately-held ISO 9000 certified company, founded in 1978, employs 450 people and has 500,000 square feet of production space worldwide. For additional information, please visit http://www.globalwaresolutions.com
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