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01/17/2007

Junction Solutions Secures $7.5 Million in New Venture Capital Funding

Junction Solutions, the leading provider of multi-channel retail and food and beverage enterprise software applications based on the Microsoft platform, recently announced that it has secured a $7.5 million investment from lead investor MK Capital, one of the largest software venture capital investors in the Midwest.  The funds will be used to expand Junction Solutions’ software portfolio and customer support resources for its state-of-the-art 360-degree multi-channel retail and food & beverage processing applications for medium and large enterprises. 

“MK Capital only invests in companies with outstanding customer satisfaction, proven industry expertise and a solid technological foundation,” says Mark Koulogeorge at MK Capital. “Our extensive diligence revealed that Junction Solutions achieves the highest marks with each of these categories. We look forward to Junction Solutions’ accelerated growth with its sound Microsoft Dynamics AX platform and stellar reputation within its chosen industries.”

Mark Koulogeorge, Managing General Partner of MK Capital and leader of its software investment practice, will join the Junction Solutions Board of Directors. Chris Sang, the CEO of ClairVista, formerly the CEO of iFulfillment, CFO of specialty retailer Ulta, and a member of the Board of Directors of Retek, also will join the Junction Solutions Board.

In 2003, Junction Solutions began with a unique premise: leverage its capacity to deliver robust, industry specific software solutions—along with outstanding quality services—to transcend stand-alone solutions based on outdated legacy technology. Today, that premise is the company’s commitment.  Junction Solutions delivers industry-specific solutions built on the broad-spectrum technology offered by Microsoft.

“With MK Capital supporting our software and our commitment with its capital, Junction Solutions is able to continue to pursue the most innovative and widely adopted new technology for customers who want to stay competitive in a constantly changing environment,” says Brian Carpizo, CEO at Junction Solutions. “This capital infusion enables us to more rapidly deliver cutting edge enterprise solutions to retailers, food and beverage processors and manufacturers around the world.”

Junction Solutions delivers comprehensive enterprise applications that enable companies to achieve profitable growth by streamlining processes, improving operational efficiency and building tighter connections with their customers and suppliers. Our industry-specific features for multi-channel retailers and food & beverage companies, integrated with the Microsoft Dynamics AX flexible and proven ERP application, give customers proven return on investment and lower total cost of ownership. As a Gold Certified Microsoft Business Partner, we combine business process know-how with comprehensive services for a high-value, low-risk implementation.

For more information, please visit: www.junctionsolutions.com