Huntington Capital recently announced the completion of a $3 million convertible senior mezzanine loan commitment to Parallel 6™. This partnership will continue to grow Parallel 6™’s mobile engagement management solutions Captive Reach, Clinical 6™ and GovReach.
Huntington Capital Management Partner Tim Bubnack said, “Parallel 6™ is providing its customers a compelling technology solution—providing increased customer engagement while lowering overall customer acquisition costs.” “We look forward to working with CEO, Allan Camaisa, as he leads the Company’s growth. Prior to this engagement, Huntington and Camaisa successfully exited Anakam, Inc., a portfolio company in our second fund.”
Based in San Diego, Calif., Huntington Capital is a leading mezzanine capital provider to underserved, lower middle market companies throughout California and the Western United States. They seek to invest in established lower middle market businesses generating between $10 million and $75 million in revenues across a broad range of industries. Parallel 6™ is excited to become one of the approximately 50 companies that the company has funded since its start in 2000.
To learn more about Huntington Capital’s growth financing of Parallel 6™, click here.