Minneapolis, MN -- October 22, 2001 -- Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided Eden Prarie, Minnesota-based HighJump Software with a $2 million line of credit and $400,000 in equipment financing.
HighJump Software, the premier provider of adaptable, Internet-powered supply chain execution (SCE) and bar code data collection solutions, will use the financing to further complete their overall growth strategy.
"We are delighted to be working with Silicon Valley Bank," said Bob Hiben, chief financial officer of HighJump Software. "In addition to providing this important financing, the Bank clearly understands our business needs and shares our vision to expand our company."
"Silicon Valley Bank is very excited about supporting the growth of HighJump Software," said Jay McNeil, regional manager of Silicon Valley Bank's Minneapolis office. "HighJump has an impressive product development and management team and will have a significant impact on its industry."
About HighJump Software
Founded in 1983, HighJump Software is a premier provider of the most adaptable, Internet-based supply chain execution solutions that deliver competitive advantage to manufacturers, distributors, e-businesses, and third-party logistics companies.
HighJump Software offers warehouse management, e-fulfillment, and data collection solutions that can be easily and precisely tuned to fit the operational needs of mid-size organizations and divisions of Fortune 1000 companies. HighJump's supply chain execution systems are in use at more than 700 companies today. Headquartered in Eden Prairie, Minnesota, HighJump Software can be reached by e-mail at info@highjumpsoftware.com; by phone at 877.445.4403; or by visiting the Web site at http://www.highjumpsoftware.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: 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.
SVB Contact: Andrea McGhee, (408) 654-3078, amcghee@svbank.com.