Austin, TX – According to filings with the U.S. Securities and Exchange Commission, SourceDay is raising $12,499,986.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Tom Kieley played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About SourceDay

SourceDay’s platform provides a digital interface between a manufacturer’s ERP system and hundreds of suppliers, automatically updating changes to delivery dates, pricing, and quantities throughout the order lifecycle and across the supply chain. Replacing manual processes with software improves our customers’ understanding of the many changes that occur throughout the lifecycle of an order. Procurement teams stop spending their time on fire drills and reacting to expensive surprises. Now they have time to manage suppliers more strategically, proactively addressing pricing and quality issues and ensuring their factories receive the materials they need to meet customer commitments on time.

To learn more about SourceDay, visit http://sourceday.com/

Contact:
Tom Kieley, Chief Executive Officer
512-361-7029
tom.kieley@sourceday.com
https://www.linkedin.com/in/tomkieley/

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