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 Burntsand." "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." About Burntsand 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. %SEDAR: 00007529E
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
Browse our custom packages or build your own to meet your unique communications needs.
Fill out a CNW membership form or contact us at 1 (877) 269-7890
Request more information about CNW products and services or call us at 1 (877) 269-7890
Share this article