Press Release

St. Louis, MO, March 27th, 2023: Gilead Group LLC, an investment and management firm focused on innovative technology companies, has announced its investment partnership with PenPath, a SaaS platform that automates complex analysis and reporting workflows for e-commerce brands.

With this partnership, Gilead Group LLC will make a significant investment in PenPath, allowing the company to hire top talent, accelerate its growth, and expand its reach to more e-commerce brands. PenPath’s platform offers unparalleled visibility into sales, marketing, product, and customer data, empowering brands to make data-driven decisions and optimize their e-commerce strategies. By automating complex analysis and reporting, PenPath enables businesses to focus on what drives sales and eliminates inefficient practices and spending.

“PenPath has demonstrated an impressive ability to deliver insights for its clients, and we believe that its innovative SaaS platform has the potential to revolutionize the e-commerce industry,” said Nicole Schlanger, Vice President of Gilead Group LLC. “We are well-positioned to partner with PenPath and provide the resources and expertise to help the company achieve its full potential.”

In addition to investment capital, Gilead Group LLC will provide key operational support to PenPath. This support includes accounting, HR support, business management, and other roles that will help PenPath operate more efficiently and effectively.

“We are excited to partner with Gilead Group LLC and gain the additional funding and operational support we need to scale and serve our customers.” said Alex Cruz, CEO of PenPath. “E-commerce leaders are overwhelmed with data. What they need is help with reporting automation and data interpretation. With this investment, we’ll be able to expand our capabilities to enable our customers to achieve a deeper understanding of their business. We hope to not only give our customers more visibility into their data, but also a simpler, more automated analysis workflow.”

The partnership between Gilead Group LLC and PenPath will benefit both companies significantly, with Gilead Group LLC gaining exposure to a high-growth technology sector and PenPath benefiting from Gilead Group’s financial resources, industry expertise, and unmatched operational support.

About Gilead Group LLC

Gilead Group LLC is an investment and management firm based in Saint Louis, MO, focused on investing in innovative technology companies. The firm has a portfolio of successful investments in a range of industries, including telecommunications, data security, GPS tracking, and sales management software.

For more information, visit gileadgroup.com.

About PenPath

PenPath is a SaaS platform that helps e-commerce leaders save time and improve performance by automating their analysis and reporting workflows. Based in Saint Louis, MO, PenPath provides brands with an innovative solution to combine and enrich their data so they can gain unmatched visibility, enabling them to optimize their e-commerce strategies and optimize returns.

For more information, visit penpath.com.

Contact:
Nicole Schlanger
Vice President
nschlanger@gileadgroup.com

Alex Cruz
CEO, PenPath
alex@penpath.com