Business
Investment in Quote Roller, Inc.
Investment in Quote Roller, Inc..
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 1558M TMT Investments PLC 14 July 2014 \n \n\n14 July 2014\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nInvestment in Quote Roller, Inc.\n \nTMT Investments PLC, which invests in high-growth, internet-based companies across a variety of sectors, is pleased to announce the completion of an investment in Quote Roller, Inc. (www.quoteroller.com, www.pandadoc.com).\n \nIncorporated in Delaware and headquartered in South San Francisco, California, Quote Roller, Inc. (\"QR\") is behind two business productivity SaaS products: Quote Roller and PandaDoc. Both products help improve efficiency and productivity of business development and sales teams across various industries. \n \nQuote Roller automates the assembly and delivery of business proposal quotes, providing a host of interactive features such as allowing feedback from potential clients, integration of interactive content, pricing and content modules, time spent perusing each section of the proposal and tracking facilities. PandaDoc automates the electronic delivery and execution of any contract-related documents in virtually any format. In addition to increased efficiencies, PandaDoc offers high-value analytical features including not only knowing exactly when a document is opened, commented on or signed, but also how long the counterparty spent considering each section. Both products are integrated and will soon be merged under the PandaDoc name.\n \nAccording to IDC, the US$18 billion CRM market has a compound annual growth rate of 12%, with cloud-based services being the norm. Gartner estimates that the share of the CRM market will grow from the current 35% to 50% of the total SaaS market by 2016.\n \nThe electronic signature software market alone exceeded US$359 million in 2013. The document management market is estimated at more than US$50 billion (Gartner).\n \nTMT's investment consists of a US$400,000 unsecured convertible promissory note in QR (\"Note\") on the following terms: \n· Interest rate - 2% per annum. \n· Term - unless previously converted, the Note will be repayable in whole or in part at par at the option of investors holding a majority of the Note on any date after the second anniversary of the Note. \n·&nb...