SOURCE: LaGarde

February 06, 2007 19:05 ET

LaGarde®, Makers of StoreFront® E-Commerce Platform, Raises $6 Million for Company and Product Expansion

KANSAS CITY, MO -- (MARKET WIRE) -- February 6, 2007 -- LaGarde, makers of the industry-leading StoreFront® e-commerce platform, has announced a $6 million Series A investment from Shasta Ventures of Menlo Park, California which is the largest investment in the state of Kansas for the 2006-2007 period. The funding will be used to expand the company's sales and marketing operations as well as product development teams. Jason Pressman, former Chief Operating Officer for walmart.com, and a Partner at Shasta Ventures, has joined LaGarde's Board of Directors as part of the transaction.

LaGarde's StoreFront platform is a web-based transaction system used to enable e-business transactions resulting in flexible and scalable systems for business-to-business and business-to-consumer interactions. The platform includes an online catalog engine, a rich set of product merchandising and inventory management capabilities, order management system, payment system, extensive back office tools and enterprise modules, and has been used to create over 50,000 online e-commerce systems. Notable customers in the B2C space include Lee Jeans, Schwan's Fine Foods, Panama Jack and Cox Communications. In the B2B sector notable customers such as Aaron Rents, Blue Cross Blue Shield of North Carolina and Pasternack use LaGarde's StoreFront platform for supplier requisitioning and B2B sales.

LaGarde's CEO, Joe Whelan, said, "Our business is showing significant traction across all fronts. Customer wins, revenue growth, recurring revenue and profitability are all experiencing quantum growth as the market continues to expand the e-business enablement of many different transaction processes. This investment will be used to further accelerate our momentum in this space and prime our sales, marketing and product development initiatives for growth. I am especially pleased to welcome Jason to our Board of Directors. His background in software and e-commerce will help guide the company to the next level."

"Shasta Ventures is excited about this investment because LaGarde is uniquely positioned with a differentiated approach that addresses the dynamic needs of businesses using the internet to improve their overall operations," said Pressman. "They have the right team and a leading position to capitalize on this amazing opportunity. They also have a track record of impressive growth using capital incredibly efficiently. I look forward to supporting the executive team to make LaGarde the e-commerce provider of choice for mid-market and small businesses seeking to grow and improve operations."

About LaGarde

Founded in 1996, LaGarde is a leading global provider of e-business solutions. LaGarde's StoreFront software products and services offer robust, feature-rich solutions to develop and maintain e-business sites that deliver high-end functionality at an affordable price point. LaGarde offers advanced e-business solutions, easy shopping cart services, e-commerce software for developers, and enterprise e-commerce solutions for high volume sellers. StoreFront powers nearly 50,000 Web stores in over 70 countries around the world. For more information, please call 800-943-5823 or visit www.storefront.net.

About Shasta Ventures

Shasta Ventures is an early-stage venture capital firm that serves as a value-added partner to both entrepreneurs and investors. The principals have over thirty years of venture experience and have invested in over 45 companies. The team possesses a rare combination of core technology expertise and deep experience in marketing to consumers. By combining these skills in an integrated, collaborative approach, Shasta helps entrepreneurs build companies that address the growing demand among consumers and enterprises for new technology products and services. The fund pursues investment opportunities within the infrastructure, software and technology-enabled service sectors. For more information visit www.shastaventures.com.

Contact Information