“During the past year, we have substantially strengthened CaminoSoft’s position and interaction with the company’s technology and channel partners,” said Michael Skelton, chief executive officer of CaminoSoft. “As a result, we have gained significant business traction with these organizations, and our sales pipeline has been expanded to include many partner-supported enterprise class opportunities. The additional support from Renaissance through this financing and loan extension will enable CaminoSoft to further leverage these relationships and opportunities, as well as strengthen the company’s presence and marketing efforts internationally. Our recent addition of sales and technical resources in the UK is a direct result of the growing demand in the European market for CaminoSoft’s ILM solutions.”

According to Robert Pearson, senior vice president and director of corporate finance of Renaissance Capital Group and member of CaminoSoft’s board of directors, “These financial transactions underscore Renaissance Capital’s ongoing commitment to CaminoSoft and confidence in its prospects for growth and profitability. Our support enhances CaminoSoft’s ability to leverage the growing number of new opportunities that its industry-leading business partners are presenting to the company.”