CANTON, Ohio, July 27, 2018 (GLOBE NEWSWIRE) -- Patriot Software Company, a corporation comprised of six service offerings that generate recurring revenue, five of which are Software as a Service (“SaaS”) solutions, announced that it engaged Stonehaven LLC and Slaine Capital Advisors, LLC to act as external agents as it continues to sell its $20 million offering of the Patriot Software common stock under Regulation D, Rule 506(c) via the Securities Act and Title II of the JOBS Act.
Patriot Software plans to use the net proceeds from this offering primarily to increase marketing and sales development; expand and strengthen software and infrastructure; and, to secure partnerships with vertical channels as it scales within the Payroll and Accounting industries.
Stonehaven, based in New York, NY and Slaine Capital, based in Cleveland, OH, are strategic partners with capacity to introduce investor relationships to Patriot Software through their exclusive ecosystem and global capital raising platform solely to accredited and institutional investors. Their investor coverage is both targeted and well diversified, comprised of key allocators at family offices, hedge fund of funds, foundations, endowments, pensions, wealth management firms, and other investor groups.
About Patriot Software Company:
Patriot Software Company offers the best of both worlds: a steady 30-year revenue stream and a highly scalable SaaS software with unrivaled technology in the small business market. Patriot Software Company operates entirely through two wholly owned subsidiaries: Top Echelon, LLC which offers Recruiting software products and Contract Staffing services. Top Echelon’s decades of positive EBITDA funded the startup and development of the products offered by Patriot Software, LLC, (“Patriot Software”), which include Accounting, Payroll, and Time & Attendance SaaS.
Patriot Software’s Accounting, Payroll, and Time & Attendance SaaS products and services are available on a single platform and are seamlessly integrated together. According to Chief Legal Officer, Michael A. Wheeler, Esq., “the market for Patriot Software’s product lineup is not only enormous, it’s filled with competitors that rely on outdated technology and stale sales methods. The SaaS business model offers upfront low pricing and is scalable nationwide, allowing Patriot to remain lean without needing a sales force or offices throughout the country.” Patriot Software intends to continue striking its competitors now by raising additional growth capital to increase advertising, build brand awareness, and take market share.
For investment information:
Michael A. Wheeler, Esq.
Chief Legal Officer, Patriot Software Company
Direct: (234) 360-0212, mwheeler@patriotsoftware.com
https://www.patriotsoftware.com/about/