- January 5, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary Silicon Valley Bancshares, today announced it provided Acsis, Inc. with a $3.36 million asset-based line of credit and term loan.
New Jersey-based Acsis is a provider of data collection and supply chain execution systems and services. Acsis is a leader in SAP R/3 data collection with systems installed in more than 225 manufacturing and warehouse locations in 13 countries. These services provide the critical data links between physical inventory and ERP systems and are used by companies in a variety of industries, including high tech, chemical, pharmaceutical, automotive, and consumer product goods.
"Silicon Valley Bank understands the supply chain technology market better than any other bank," said Steven G. Selfridge, president and CEO of Acsis. "The Bank also has an excellent understanding of our business model and we look forward to continuing a long partnership as our company grows."
"Acsis is clearly a leader in the delivery of supply chain execution solutions," said Dave Rodriguez, market manager in the Bank's Boston office. "We have been impressed with the company's management team and their ability to expand a first-class customer base in a challenging environment." About Acsis, Inc.
Acsis, Inc. is a worldwide leader in supply chain execution and data-collection enabling technology and services, specializing in the implementation of SAP R/3® systems within manufacturing, distribution and warehouse operations. Acsis' suite of solutions include:
- SAPConsole™ professional services - Customized transaction development and integration of SAP's SAPConsole™ offering.
- Acsis Datapass´ is a data collection solution designed for SAP users that require 24/7 access to mission critical data.
- Acsis' newest offering, DPExchange.net, provides for web-based exchange of mission critical data between trading partners through an ASP offering.
By implementing Acsis solutions, customers dramatically improve their supply chain efficiencies and improve the reliability of real time material movements. This information results in the customer's ability to lower costs, improve customer satisfaction and make better use of assets. Since 1996, Acsis has served its global clients from its headquarters in Marlton, New Jersey and its European office in Munich, Germany. For more information, please call (856) 810-3539, email Sbrown@AcsisInc.com
or visit www.AcsisInc.com
. About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Fremont, Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington. More information on the Bank can be found at www.svb.com
. SVB Contacts:
Dave Rodriguez, Boston Commercial Finance, (617) 630-4158
Andrea McGhee, Corporate Communications, (408) 654-3078 Acsis Contacts:
Steve Brown, Acsis, Inc., (856) 810-3539
Steve Gaynes, Steve Gaynes Communications Services, (203) 767-6645