Santa Clara, CA
-- October 15, 2001 -- Silicon Valley Bank (the "Bank"), a
wholly owned subsidiary of Silicon Valley Bancshares, announced
today that it provided Desktop Products with a $2 million
working capital credit facility.
Desktop Products offers an array of end-to-end solutions for
today's technology challenges, helping clients to consistently
achieve a higher return on technology investment and lower cost
"This financing from Silicon Valley Bank demonstrates
confidence in our management team and business plan," said
David Sloves, chief executive officer of Desktop Products. "We
are pleased that this experienced financial institution will
provide us with the working capital we need to sustain our
"Desktop has built important relationships with its
customers since its inception 16 years ago," said Mark Horn,
Silicon Valley Bank's Emerging Technology division manager. "We
have been impressed with their growth history and plans for the
About Desktop Products
For 16 years Desktop Products has served medium and large-sized
organizations with superior technology products and
customer-centric technology services aimed at increasing
productivity, reducing costs and solving day-to-day technology
As today's complex business climate creates new challenges,
Desktop Products consistently seeks to expand its scope of
managed technology solutions to meet client expanded needs.
By design, the company takes a measured approach to
technology lifecycle management with the goal of lowering the
overall cost of technology ownership.
Basic services include Outsourced Technology Lifecycle
Management, Technology Consulting & Engineering Services,
Application Training, Subscription IT Services and Specialty
Sourcing of Technology Products.
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: 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; Durham, North Carolina; Portland, Oregon;
Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas;
Northern Virginia; and Seattle, Washington.
Andrea McGhee, (408) 654-3078, email@example.com.