SaaS Capital, a leading provider of committed credit dacilities to SaaS companies, today announced that it has provided a $2.5 million facility to H2O Overgroup, which delivers innovative billing, CRM and management solutions to the communications industry.

"With our rapid growth and expanding market reach, SaaS Capital was a natural fit for our company," says Brent Maropis, CEO of H2O Overgroup. "Their approach to financing and experience with other SaaS companies has set them apart as the premier partner for our business."

H2O Overgroup provides complete recurring revenue and customer management with its revolutionary H2O solution. Businesses use H2O to monetize their products and services while effectively engaging customers. With more than 100 integrations, H2O features a comprehensive set of billing, ordering, and customer management tools. The company's solution allows businesses to focus on execution rather than infrastructure.

"The H2O team is exceptionally talented," said Todd Gardner, Founder and Managing Director of SaaS Capital.  "They have a fantastic product with features and capabilities of a company ten times their size. Additional financing from SaaS Capital will help them further their advantage on the product front and also get their message out to a broader market."

H2O is a next-generation recurring revenue and customer management solution helping businesses grow by consolidating customer data across multiple systems, facilitating faster time-to-market, and improving operational accuracy and efficiencies. Features include ordering, provisioning, rating, usage tracking, real-time reports, automated processes, ticketing, customer relationship tools, and full-service billing. Founded in 2002, H2O Overgroup has grown to be the go-to solution for technology service providers across the United States.