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GlobalWare Gets $11 Million in New Debt

Wednesday, February 14, 2007 6:00:00 AM PDT | VentureDeal Staff

HAVERHILL, MA – GlobalWare Solutions announced that it has received $11 million in additional funding, composed of $1 million senior credit facility from FGI Financial of Singapore and $10 million in additional credit support from Mezzanine Management, LLC of the United States.

GlobalWare is a full service provider of supply-chain management solutions throughout the US, Europe and Asia.  Their applications allow companies to optimize their information visibility about their logistical operations.

The company says the new funding will enable it expand its service platform in Asia, to provide enhanced customer support and expand their service portfolio worldwide.

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