Thursday, April 27, 2017

Chrome River Says It Books Record Sales Quarter

Los Angeles-based Chrome River, which develops expense and invoice management software, said this morning that it had its largest first-quarter sales in the company's history. The privately held firm did not disclose any financial details of the quarter, only saying that it increased Q1, year-over-year new customer wins by 100%, adding such customers as Coca-Cola Hellenic Bottling Company and Canadian transportation company Bison Transport. It says it now has more than 600 customers. Chrome River shows up regularly on such growth rankings as the Deloitte Fast 500; the company also claimed record revenues for 2016 back in November of last year. The company is backed by Great Hill Partners, which invested $100M in the company in 2015.