Pindar Gets $12 Million for Expansion PlansPindar Systems, a provider of multichannel catalog content management system software and publishing solutions, said that it has secured a $12 million investment from Granville Baird Capital to fund global expansion plans.
The company will expand its software development, which will result in Pindar Systems detaching itself from its parent company, the Pindar Group.
Pindar Systems' software is designed to work for multiple sales channels, including the Web, print catalogs, retail and interactive television.
Paul O'Sullivan, CEO of Pindar Systems, Chicago, said that with the growth in e-commerce and business-to-business exchanges, catalogers recognize the need to invest increasingly in software solutions that allow them to create, edit and manage product information from a single source.
Pindar Systems' client roster includes Spiegel, Eddie Bauer, WW Grainger and Office Depot.