Skila Secures Loan From MMV Financial

PRLog (Press Release) - Jul 17, 2008 -
Skila, the Intelligration® Company, secured a loan from MMV Financial.  

Following the recent addition of 8 global bio-pharma customers, expansions across all of its existing customers, and its new alliance with Cegedim, Skila has secured a new source of working capital to support its rapid growth and the increased demand for its multiple solutions, in a form of debt financing from MMV Financial.  

“Skila is a leader in providing technology-based knowledge solutions to the Marketing, Medical, Senior Management and Alliance Management functions of the global pharmaceutical industry,” commented Ron Patterson, Executive Vice President of MMV Financial.  “MMV was attracted to this opportunity because of the depth of experience of management, as well as the Company’s impressive growth over the past several years.”

“We are very pleased to have MMV as a financial partner,” said Chuck Warczakowski Skila’s CFO.  “MMV gave us the financial flexibility we need to grow our business and worked quickly and efficiently to understand the opportunity in this space.”  

Skila is committed to creating long-term partnerships with pharmaceutical and biotechnology companies, increasing the effectiveness of their brands’ sales and marketing efforts.  Skila’s software and services enable their clients to communicate brand plans and product knowledge; efficiently launch global brands; proactively act on competitive intelligence; successfully manage complex alliance portfolios; effectively execute thought leader strategies; and better control brand and company performance - on both global and local country levels.

Skila offers a unique blend of business advisory, implementation methodology, proprietary Intelligration® software, and on-going support and services, providing clients with "Single Touch Point" solutions to maximize the effectiveness of their brands, new product launches, key opinion leader relationships, alliances, brand and portfolio performance, and competitive intelligence.

About Skila
Skila is a global technology and services company specializing in knowledge and effectiveness solutions for the healthcare industry.  Skila’s solutions address the broad needs of global marketing, medical, executive and alliance management teams.  These solutions include a unique methodology, robust technology and key continuous services for effectively managing global product launches, key opinion leader relationships, business performance, competitive intelligence, and key partnerships and alliances.

Having developed strong relationships with a broad number of global Pharmaceutical companies, Skila’s solutions have been deployed in 56 countries, supporting numerous global brands and over 10 million user interactions.  Skila’s long-standing commitment and understanding of customers’ needs has resulted in the long-term growth and adoption of our methodology, technology and continuous services as the business platform of choice for many of our clients.  To learn more about Skila visit the website at www.skila.com.

Skila
Sara Melo-Pereira
Media Relations
973 889-1300 x253
smelo-pereira@skila.com

About MMV Financial
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America.  MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, HSBC, NewStar Financial Inc., and Wells Fargo Company.  For more information visit: www.mmvf.com, or contact:

Ron Patterson
Executive Vice President
MMV Financial Inc.
416-977-9718
rpatterson@mmvf.com