Espresso Capital provides $2.5 million credit facility to Thentia

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Espresso Capital provides $2.5 million credit facility to Thentia

Espresso Capital announced today that it has provided Toronto-based Thentia, a global leader in regulatory and compliance software, with a new upsized $2.5 million debt facility. The company, which first secured venture debt financing from Espresso in September 2018, will use the additional capital to support its continued growth and expansion into new markets.

“We chose to work with Espresso because of its long history and expertise in supporting innovative technology companies,” said Julian Cardarelli, Thentia’s Chief Executive Officer. “Beyond just capital, Espresso has given us valuable advice and support, helping us to significantly improve our business offerings and accelerate our growth over a short period of time. We’re excited to be expanding our partnership at this important time for the company.”

Thentia’s core database technology was created specifically for regulatory bodies, licensing boards, and private businesses worldwide, helping them to streamline their operations in regulation, compliance, and governance. Today, leading regulatory agencies and hundreds of thousands of licensees rely on Thentia’s primary platform, Open Regulate. This turn-key regulatory database powers a comprehensive suite of user application modules and portals that support all critical regulatory standards and workflows.

Thentia has already established Open Regulate’s brand presence across various states in the US and plans to use the additional capital to win the US market with the launch of two innovative new products, Smart Govern and Metrics Hub.

“Thentia has a demonstrated track record of delivering critical value for their clients, helping them to deliver better service to their stakeholders, manage risk, and drive efficiencies with their cutting-edge platform,” said Will Hutchins, Managing Director of Espresso Capital. “We’re looking forward to continuing our partnership and to working with the Thentia team as the company builds on its position as the leading provider of regulatory and compliance software solutions.”

About Espresso Capital

Since 2009, Espresso Capital has provided over 250 early and growth stage technology companies with founder friendly capital. The company offers lines of credit and term loans to enable entrepreneurs to grow their businesses without dilution or board seats. Espresso’s mission is to keep founders in control with fast, fair, and flexible capital. For more information, please visit www.espressocapital.com.

About Thentia

Based in Toronto, Canada, with offices in the United States and the United Kingdom, Thentia, a leader in regulatory and compliance software, provides database technology that was created specifically for regulatory bodies and private businesses to stay on top of their regulatory compliance obligations. For more information, please visit www.thentia.com.

For more information, please contact:

Carolyn Dilks
Marketing Manager, Espresso Capital
T: 416-706-7879
E:

CLEAR’s Regional Symposia in Canada!

Once again, Thentia is pleased to announce that it will be the sole sponsor for the Council on Licensure, Enforcement and Regulation (CLEAR) Regional Symposia in Canada. The 2019 events will be held March 21st in Toronto at St. Paul’s Bloor Street, May 2nd in Edmonton at the College and Association of Registered Nurses of Alberta, and June 25th in Vancouver at the Sheraton Vancouver Wall Centre.

Toronto and Edmonton will host the topic “Responding to Social Change: Bringing Regulatory Bodies Beyond ‘Should’ and Towards ‘Do,’” and Vancouver will host the topic “Cultural Awareness: Valuing Indigenous and Minority Populations in Professional Regulation.”

CLEAR’s Regional Symposia are one-day workshops held in cities across North America. Each symposium features speakers and open forum discussions that address the issues and challenges faced by professional and occupational regulators.

ABOUT CLEAR – CLEAR promotes regulatory excellence through conferences, educational programs, webinars, seminars and symposia. The organization provides networking opportunities, publications, and research services for those involved with, or affected by, professional and occupational regulation.

ABOUT THENTIA – Thentia database technology was created specifically for regulatory bodies and private businesses (world-wide) that are committed to the highest level of regulatory compliance and governance.

For more information please visit https://www.clearhq.org/symposia

Thentia Announces Venture Debt Funding from Espresso Capital

FOR IMMEDIATE RELEASE

Thentia Announces Venture Debt Funding from Espresso Capital
Funding will allow Thentia to expand to new markets

September 28, 2018 – Toronto, Ontario, Canada – Thentia, a global leader in regulatory and compliance software, announced today that it has entered into a venture debt funding partnership with Espresso Capital.

“This partnership will allow Thentia to expand its suite of enterprise technology solutions for regulation and compliance needs,” said Julian Cardarelli, Chief Executive Officer of Thentia. “We are pleased to be working with Espresso Capital, which has a longstanding history of supporting innovative technology companies.”

The funding will fuel Thentia’s already established presence in the regulation software segment, and will support further growth in markets across Canada, the United States and the United Kingdom.

Thentia’s database technology was created specifically for regulatory bodies, licensing boards and private businesses to enable them to streamline their operations in regulation, compliance and governance. Leading regulatory agencies and hundreds of thousands of licensees rely on Thentia platforms every day.

“This partnership speaks volumes about Thentia’s leadership role in the industries it serves,” said Cardarelli. “The funding will measurably benefit existing customers through improvements in services and offerings, as well as enable Thentia’s growth in to new jurisdictions worldwide.”

WD Capital Markets Inc. (www.wdcapital.ca) acted as exclusive financial advisor to Thentia and Wildeboer Dellelce, LLP (www.wildlaw.ca) acted as legal counsel for the Company.

About Thentia

Based in Toronto, Canada, with offices in the United States and the United Kingdom, Thentia, a leader in regulatory and compliance software, provides database technology that was created specifically for regulatory bodies and private businesses to stay on top of their regulatory compliance obligations. For more information, please visit www.thentia.com.

About Espresso Capital

Since 2009, Espresso Capital has provided over 230 early and growth stage technology companies with founder friendly capital. The company offers lines of credit and term loans to enable entrepreneurs to grow their businesses without dilution, board seats, or personal guarantees. Espresso’s mission is to keep founders in control with fast, fair, and flexible capital. For more information, please visit www.espressocapital.com.

For more information, please contact:
Julian Cardarelli
CEO, Thentia
T: 1-800-961-1549 x 789
E: 

We’ve re-branded our core regulatory database solution!

Previously named Helsby Drake, our industry-leading regulation and compliance solution is now called Open Regulate.

Open Regulate’s turn-key regulatory database solution powers a comprehensive suite of user application modules and portals that support all critical regulatory standards and work-flows including:

  • Registration & renewals management
  • Inquiries, complaints and discipline
  • Quality assurance & education
  • Reporting
  • Public register
  • Applicant portal
  • Member / registrant portal
  • Alerts & notifications
  • Invoicing & payment processing
  • Communication management
  • Events
  • Third-party API integration

For more information about the platform, or to schedule a free product demonstration please visit https://www.thentia.com/expertise/#solutions-for-industries.

2018 CLEAR Annual Education Conference

Thentia is pleased to announce that we will be the sole presenting sponsor for the 38th Annual CLEAR 2018 Educational Conference.

The event will be held September 26-29, 2018 in Philadelphia, Pennsylvania at the Philadelphia 201 Hotel (formally Sheraton Philadelphia Downtown Hotel).

The conference will cover key regulatory topics including:

  • Compliance and discipline
  • Testing and examinations
  • Entry to practice and beyond
  • Administration, legislation and policy

We are pleased to continue our support and look forward to seeing you in Philadelphia!

ABOUT THENTIA – Based in Toronto, Canada with operations expanding rapidly into the United States and Europe, Thentia offers a range of enterprise technology solutions designed specifically for regulation, compliance and governance needs across a variety of professions and trades.

ABOUT CLEAR – The Council on Licensure, Enforcement and Regulation (CLEAR) is the premier international resource for professional regulation stakeholders.

Thentia to Sponsor CLEAR Regional Symposia in Canada

Thentia is pleased to announce that it will be the sole sponsor for CLEAR’s 2018 Regional Symposia in Canada. The events will be held May 9TH in Toronto at Ontario College of Teachers, May 31st in Vancouver at the Delta Burnaby Conference Centre, and June 21st in Edmonton at the College and Association of Registered Nurses of Alberta. The focus of the events will be on Measuring and Reporting Regulatory Performance.

CLEAR’s Regional Symposia are one-day workshops held in cities across North America. Each symposium features speakers and open forum discussions that address the issues and challenges faced by professional and occupational regulators.

ABOUT THENTIA – Thentia is a leading-edge technology company wholly focused on providing best-of-breed regulatory and governance solutions. Our technology capabilities and business processes, combined with our depth of knowledge in regulation and governance, is second to none.

ABOUT CLEAR – The Council on Licensure, Enforcement and Regulation (CLEAR) is the premier international resource for professional regulation stakeholders.