San Francisco, CA -- September 12, 2001 -- Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided KnowNow, Inc. with $1.5 million in equipment financing.
Mountain View, California-based KnowNow enables applications to continually exchange information over the Internet, and will use the financing to support capital expenditures.
"KnowNow is proud to be a member of the Silicon Valley Bank family," said Carmen Tuerke, vice president of Finance and Administration for KnowNow. "We are pleased to have such a strong partner help guide our financial future."
"We are delighted to have this opportunity to provide financing for KnowNow," said Chris Wagner, senior vice president in Silicon Valley Bank's San Francisco region. "We look forward to a long and prosperous relationship with the company as it grows into a world class enterprise."
About KnowNow, Inc.
KnowNow's event notification software enables client/server-like interactivity within any Web application - both inside and outside the firewall - without the need to install any software on the client. With KnowNow, Web browsers, desktop applications, enterprise servers, and Web services can communicate with each other instantly - enabling the real-time enterprise to fully leverage the Internet to drive revenue, reduce costs and enhance business relationships. KnowNow is a privately held company with backing from premier venture capital firms, including Kleiner Perkins Caufield and Byers and Palomar Ventures. Developers can download products and documentation at the KnowNow Developer Center at developer.knownow.com, further information about KnowNow is available at www.knownow.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, email@example.com.