(MENAFNEditorial) Bhrigus, Inc Completes New Financing
Somerset, NJ (October 6, 2017) - Bhrigus, Inc., a Global Services, Solutions and Software Development Company specializing in Voice and Speech based technology offerings and Enterprise Solutions, today announced that it has entered into an asset based lending agreement with an arm of a middle market bank to provide up to $1,000,000 of financing to fuel the Company's growth.
Since March 2017, Bhrigus' revenues have grown over 150% with an attendant growth in its customer base and employees. The Company expects to continue to expand each of these areas during the next year fueled by a highly skilled and growing software development team.
The new financing was arranged by Carpe DM Consulting (www.carpedminc.com). Edward Fine, President of Carpe DM Consulting stated, 'We are pleased to have arranged this new financing for Bhrigus. Bhrigus quickly outgrew the credit line that we had arranged for them in April, 2017, necessitating a move to a larger financial institution with whom the Company can grow over the next several years.
The new financing will save Bhrigus over 60% on their financing costs from the original line. These very significant savings can be redeployed to add skilled software developers to further accelerate growth.
About Bhrigus -
Bhrigus has been in business for over twelve years and is a Global Services and Solutions provider of Voice and Speech based technology offerings and Enterprise Solutions. With offices in India, UK and USA, Bhrigus has been catering to the requirements of Global organizations in rolling out multi-location technology solutions. Bhrigus provides speech recognition, interactive voice response, cloud based business solutions, business intelligence and data analytics solutions. Bhrigus provides enterprise management solutions to help global corporations achieve sustainable and competitive growth. Bhrigus' consultants work with the clients to design, develop and manage their Enterprise applications, Data analytic solutions and solutions based on cloud platforms and software. Bhrigus' solutions team approaches every engagement under the supervision of domain experts who understand the industry, its many processes and the technology behind them.
Bhrigus isan SEI CMM Level 4 and ISO 9001:2000 certified company. Bhrigus solutions enable a rapid return on investment using the global delivery model. Our solutions enable our customers by improving their profitability, increasing their revenues, reducing operating costs and improving customer satisfaction.
About Carpe DM Consulting
Carpe DM Consulting (www.carpedminc.com) brings over 100 years of experience to start-ups, private and public companybusiness management, financing, negotiations, mergers and acquisitions,investor relations, public relations, guerilla marketing, strategic marketing, salesand business development. Our extensive network outreach can find the critical parts to build any business effectively and efficiently.
# # #
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.