AloStar Capital Finance successfully agented and closed a committed credit facility for Kellton Tech and its subsidiaries, an information technology and outsourcing company headquartered in India. This strategically meaningful line of credit will allow Kellton Tech to facilitate their current and future growth objectives.
“AloStar provided the capital needed to achieve our current growth goals in the U.S. market, and we look forward to continuing this partnership as we expand our global offerings,” said Srinivas Potluri, CEO of Kellton Tech.
Kellton Tech is an information technology (IT) services organization providing end-to-end IT solutions, strategic technology consulting and offshore product development services for over 200 clients worldwide, ranging from entry-level enterprises to Fortune 1000 companies. Through its subsidiaries, the Company provides custom software development, cloud solutions, total business integrations and on-demand application support to clients in the U.S.
“Our team of experienced advisors took the time to understand Kellton Tech’s needs and delivered a creatively structured credit facility that supports the company’s U.S. growth strategy,” said Andy McGhee, President of AloStar Capital Finance. “We’re pleased to be their one-stop financing solution as they continue to empower organizations worldwide with cutting-edge IT solutions.”