k-eCommerce secures $2.3M growth capital funding led by BDC Capital

CPE Media News (1/22/2019) – k-eCommerce, a provider of cloud-based e-commerce solutions wholly integrated into certain ERP systems, has raised $2.3 million in growth capital funding from BDC Capital’s Growth and Transition Capital and Canada Economic Development for Quebec Regions (CED).

Led by CEO Laurent Allardin, Laval, Quebec and Northville, Michigan based k-eCommerce delivers a cloud-based e-commerce solution for B2B and B2C fully integrated with the Microsoft Dynamics™ suite and SAP Business One.

k-eCommerce intends to use new funding in research and product development, increased sales and marketing efforts, and the acquisition of new equipment and infrastructural improvements for both the Canadian and U.S. locations.

photo credit: k-eCommerce

News Release

k-eCommerce closes a $2.3 million funding round to accelerate growth and further market development

January 18, 2019, Laval, Quebec, Canada – k-eCommerce, provider of cloud-based e-commerce solutions wholly integrated into certain ERP systems, announced that the company has closed a financing round of 2.3 million dollars by BDC Capital and Canada Economic Development for Quebec Regions (CED).

k-eCommerce, which has locations in both Canada and the United States, plans to invest this funding in research and product development, increased sales and marketing efforts, and the acquisition of new equipment and infrastructural improvements for both the Canadian and U.S. locations.

“k-eCommerce has been helping companies make the transition to e-commerce for nearly 20 years,” said k-eCommerce CEO Laurent Allardin. “We offer a complete e-commerce platform supporting both business-to-business (B2B) and business-to-consumer (B2C) models which are fully integrated with Microsoft Dynamics and SAP Business One, along with all the training and support needed to launch and run a profitable online channel. This investment will help us accelerate the next generation of our products and services.”

In December, the company released k-eCommerce Payment Portal, a payment solution for businesses who want to give their customers a way to pay invoices online. Earlier this month, k-eCommerce for Microsoft Dynamics 365 for Finance and Operations became available on Microsoft AppSource.

“k-eCommerce has shown that they have the expertise, the vision, and the right executive team to lead their company into the future,” said Jean-Philippe Poissant, Director of Growth and Transition Capital. Managing Direct Benoit Mignacco added, “Our investment in this company offering cloud-based solutions will allow them to reach their objectives for launching new products more rapidly.”

About BDC Capital

BDC Capital is the investment arm of BDC—Canada’s only bank devoted exclusively to entrepreneurs. With $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.

Joanne Lajeunesse
Media Relations, BDC Capital
mediainfo@bdc.ca
1-844-625-8321

About k-eCommerce

Since 1999, k-eCommerce has been providing businesses around the world with innovative e-commerce solutions to accelerate online sales. Based in Montreal, Canada, and Northville (Michigan), USA, k-eCommerce delivers a cloud-based e-commerce solution for B2B and B2C fully integrated with the Microsoft Dynamics™ suite and SAP Business One.

Contact:
Céleste Poirier
Marketing Director, k-eCommerce
marketing@k-ecommerce.com
1-514-973-2510

For more information, visit www.k-ecommerce.com, LinkedIn: https://www.linkedin.com/company/k-ecommerce/; Twitter: https://twitter.com/keCommerce, and Facebook: https://www.facebook.com/kecommerce/

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