Daily News: January 17, 2012

Versant Provides $2.4 Million to Security Software Provider

Versant Funding funded a $2.4 million non-recourse factoring facility for a security software provider. The client was referred to Versant by another factoring company, which was unable to offer a non-recourse program as required by management.

Versant closed this transaction in less than two weeks from introduction to the client.