TORONTO, April 10 /CNW/ - Burntsand Inc. (Burntsand) (TSX:BRT), a North
American Integrated Information Management services company, today announced
the completion of all documentation required to access a US $5 million line of
credit with SVB Silicon Valley Bank.
"This is an exciting announcement for us as this line of credit gives
Burntsand access to capital which will enable our future growth and
acquisition plans," said Tim Duffy, Burntsand's CEO. "Our decision to work
with SVB was based on their understanding and flexibility in dealing with
"SVB is proud of Burntsand's success thus far," said Dave Rodriguez,
senior relationship manager, SVB Silicon Valley Bank "We look forward to
providing them with the resources they need to keep growing, and expanding our
relationship with them."
With a unique and forward-thinking focus on helping clients unify
enterprise information to increase productivity and insight, Burntsand is a
North American leader in the delivery of Enterprise Content Management,
Enterprise Operations and Service Management, Collaboration, and Customer
Relationship Management services. Burntsand delivers business advantage to its
mid-market clients through risk-managed projects and unmatched customer
experience. Strong partnerships with EMC, Microsoft and BMC reflect the
company's business maturity and ensure technology depth. Headquartered in
Toronto, Burntsand operates from locations across North America. The Company's
shares (TSX: BRT) are traded on the Toronto Stock Exchange. More information
about Burntsand can be found at www.burntsand.com.
About SVB Silicon Valley Bank
SVB Silicon Valley Bank provides commercial banking services to emerging
growth and mature companies in the technology, life science, private equity
and premium wine industries. Through its focus on specialized markets and
extensive knowledge of the people and business issues driving them, SVB
Silicon Valley Bank provides a level of service and partnership that
measurably impacts its clients' success. Founded in 1983 and headquartered in
Santa Clara, Calif., the company serves clients around the world through 27
North American offices and three international operations. SVB Silicon Valley
Bank is a member of global financial services firm SVB Financial Group, with
SVB Alliant, SVB Analytics, SVB Capital, SVB Global and SVB Private Client
Services. More information on the company can be found at www.svb.com.
SVB Silicon Valley Bank refers to Silicon Valley Bank, the California
bank subsidiary and the commercial banking operation of SVB Financial Group.
Banking services are provided by Silicon Valley Bank, a member of the FDIC and
the Federal Reserve. SVB Private Client Services is a division of Silicon
Valley Bank. SVB Financial Group is also a member of the Federal Reserve.
For further information:
For further information: Tim Duffy, President & Chief Executive Officer,
Voice: (416) 234-3807, Email: TDuffy@burntsand.com; Blair Baxter, Chief
Financial Officer, Voice: (416) 234-3852, Email: BBaxter@burntsand.com