LONDON, 17 March 2005 - Peopleclick Inc., the leading total workforce acquisition provider for global companies, today announced it has entered into a $15 million debt financing agreement with RBC Centuraâs Knowledge Based Industries (KBI) division.
"This agreement demonstrates RBC Centuraâs confidence in Peopleclickâs ability to execute on our strategy," said Stephen A. Sasser, president and CEO of Peopleclick. "This new flexible financing gives us additional working capital when needed to accelerate our growth plans, including pursuing acquisition opportunities that will expand our product and service offerings.â
In 2004, Peopleclick signed more than 190 clients, hired more than 90 employees and enjoyed its seventh consecutive quarter of profitability in the December quarter. The company was also recently named to Forbesâ Ten To Watch in 2005 list, which recognises privately funded technology companies with impressive sales growth and unique products and services."
"RBC Centuraâs KBI group focuses on helping technology companies at all stages of the life cycle and has worked with Peopleclick since 2002. In fact, RBC Financial Group is a client and a member of Peopleclickâs Client Advisory Board," said Brent Keating, Group Executive at RBC Centuraâs KBI office in Raleigh, N.C. "Peopleclick has a top-notch management team and client base, and we are proud to support the companyâs continued success and growth through new financing."