IntraSoft Technologies’ arm secures $8 million Line of Credit from UPS Capital

Intrasoft Technologies Ltd. | e-Commerce | Retail | BSE: 533181 | NSE: ISFT

01 Nov 2016 Evaluate

IntraSoft Technologies’ subsidiary company - 123Stores, Inc., has secured a $8.0 million Line of Credit from UPS Capital, a subsidiary of UPS - one of the world’s largest package delivery company and a provider of supply chain management solutions. The additional funds will be used as working capital to drive continued growth.

123Stores, Inc. is a multi-channel online retailer, with a strong technology backbone that combines supply chain logistics with real time customer data, to create a compelling shopping advantage.

IntraSoft Technologies owns & operates 123Stores, an Online E-Commerce Retailer & 123Greetings.com, an online greeting cards company.

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