Feb 04, 2023 Last Updated 00:47 AM EST

News

Reddit Enhancement Suite (RES) Secures $10 Million Investment Capital From ORIX Ventures

Feb 23, 2016 09:57 AM EST

Reddit Enhancement Suite (RES) has announced on Wednesday securing $10 million investment capital from ORIX Ventures. The investment aims to extend support towards RES initiatives and accelerate its penetration into emerging markets.

The browser extension type cross platform has recorded a fast growing momentum stemming from its most successful year ever. During last year, RES has been witnessed to record highest revenue growth, appoint new CEO Al Monserrat and launch RES ONE Product. RES has also made key leadership appointments and secured investment capital to further drive innovation, reports Business Wire.

RES has touched several milestones during the last year period. The browser extension provider has achieved 90% rate in client renewal. It has added 85 new RES Partners in EMEA and increased its RES Platinum Partner Network by 100% in the US during the same period. It has also won Best of VMworld 2015 Europe award and named Gartner 2015 Cool Vendor for RES ONE Service Store.

RES offers proactive and self service access to the apps and services whenever required by the workers. Thus it enables and secures digital workplaces through enhancing workers' productivity while rendering IT improved control over cost and security, according to a report published in Yahoo Finance.

However, ORIX Ventures specializes in designing highly customized financing solutions for leading-edge, growth companies. The financing mix provides RES the flexibility required to accelerate growth. RES is being considered as better fit for ORIX Ventures considering its leadership position, blue chip customer base and strong management team, reports In USA News quoting Todd McDonald, Director of ORIX Ventures.

The ORIX team has committed over $1 billion to more than 100 companies. ORIX Ventures is a business unit of ORIX USA (www.orix.com), a Dallas-based financial services firm. The venture firm is known for providing innovative capital solutions that clients need to propel their business to the next level.

ORIX has a workforce of 500 people for 20 offices across the US and Brazil. ORIX USA and its family of companies hold $6 billion of assets and manage an additional $29 billion. ORIX Corporation, the parent company, is a Tokyo based publicly owned international financial services company with operations in 36 countries and regions worldwide.

Observing the value proposition of RES, ORIX has responded quickly to provide additional capital in support of its continued high growth. Busy clinicians, now a days, are capable of accessing, downloading and installing approved services and apps using a RES concept. RES clinicians are now capable of saving IT time and money while focusing on IT resources for further innovation.

ORIX Ventures is known for providing innovative capital solutions that clients need to propel their businesses to the next level. RES has attained a tremendous growth during the last year and attracted ORIX's attention. The global investor has extended a $10 million fund for further acceleration of RES initiatives towards achieving goals.

Latest Stories

Must Read

Real Time Analytics