What Company Is Offering:
Simparel delivers a complete solution in a fraction of the time and at a fraction of the cost of traditional ERP systems. This is particularly attractive to the apparel industry with its unique characteristics, such as rapid product cycles. Simparel's recent launch of SaaS enables Simparel to capture other markets and smaller companies that could not afford traditional ERP systems, but have many of the same needs as larger companies.
Simparel's initial market is fashion-related businesses, including apparel, footwear, accessories, costume jewelry, as well as home furnishings and toys. Simparel gives its customers a competitive advantage because the technology allows them to focus on their product and sales, improve deliveries and better manage costs and inventories.
How Much They Got From VCs:
Simparel, a New York-based developer of ERP solutions, has raised $4 million in Series A funding from L Capital Partners.L Capital Partners, L.P. has invested $4 million in the Series A round of financing of Simparel, a N.Y. technology company that has developed a new generation of ERP solutions with numerous advantages over traditional software systems. Simparel offers a unique combination: the simplest, quickest, most flexible and most affordable global supply chain business solution available today. Simparel is also rolling out Software as a Service (SaaS) to selected customers.
More at:www.simparel.com
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