Lexington, Kentucky, October 6, 2023 – Triyam, a leading provider of healthcare data management and archival solutions, is pleased to announce a significant milestone in its journey. The company has received $10 million in funding from SaaS Capital, a prominent growth debt financer for SaaS firms.
Triyam’s unwavering commitment to innovation and excellence in healthcare data management has positioned it as a highly regarded partner in the United States, and the investment secured from SaaS Capital unequivocally underscores this distinction.
“We are excited about the possibilities that lie ahead with this strategic collaboration,” said Luka Salamunic, CEO of Triyam. “The substantial investment from SaaS Capital is in perfect alignment with Triyam’s overarching mission to empower healthcare providers by facilitating seamless access to critical patient data. This partnership reinforces our steadfast commitment to foster innovation in healthcare IT and enhance patient care.”
The $10 million investment from SaaS Capital will help Triyam bolster its financial foundation. Funding will be utilized to enhance and expand its electronic health records archival platform, ‘Fovea EHR Archive®, and improve data management solutions, ensuring healthcare providers seamless access to vital historical data. The investment comes in the form of a growth debt facility structured around Triyam’s monthly recurring revenue (MRR), allowing the company to leverage its consistent revenue performance for continued innovation and expansive growth.
“Triyam is a mission-critical electronic health records archival platform. As all of medical charting has moved to digital, it’s imperative that providers continue to have instant access to years’ old data – Triyam provides this service, which will only increase in scale and importance,” said Rob Belcher, SaaS Capital Managing Director. “We are honored they have chosen SaaS Capital to provide them with a $10.0 million MRR-based credit facility to support their growth.”
More information regarding the partnership can be found on SaaS Capital’s website.
Triyam is a leading provider of legacy data management solutions, specializing in healthcare data archiving and retention. Our data conversion and migration services enable healthcare and other organizations to freely transition between system vendors without losing historical patient data. This helps decommission legacy systems, reduce costs, and comply with state-mandated retention requirements.
About SaaS Capital
SaaS Capital® is a prominent provider of growth debt explicitly designed for B2B SaaS companies. Their growth debt structure offers a significant source of committed funding, unmatched deployment flexibility, and a more cost-effective capital solution. This innovative approach allows SaaS companies to achieve their growth objectives while retaining control of their equity.
Since 2007, SaaS Capital has committed over $375 million in growth debt facilities, created over $2 billion in total enterprise value, and served more than 110 clients, making them the go-to partner for SaaS industry leaders. For more information, visit www.saas-capital.com.