Daily News: August 21, 2014

Wells Supports Command Alkon’s FiveCubits Buy

Wells Fargo Capital Finance announced a financing to support Command Alkon in its acquisition of FiveCubits.

As a new division of Command Alkon, FiveCubits will maintain focus on SaaS-based fleet management and mobile computing solutions for the ready-mixed concrete, bulk materials, trucking and hauling, and construction contractors industries.

“Wells Fargo Capital Finance provided us with a creative and flexible financing package that will help us grow our business,” said Betty Todd, CFO of Command Alkon. “We needed a lender that understands the dynamics of the software industry and Wells Fargo was a big part of the solution.”

“It is important that our team remain creative in our approach to providing credit in this highly dynamic technology sector,” said John Leonard, senior managing director and division manager of Technology Finance at Wells Fargo Capital Finance. “We appreciate our longstanding relationship with Command Alkon and look forward to working with them as they continue to grow.”

Command Alkon provides software and hardware solutions for the construction materials industry.