- April 4, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided Qsent, Inc. with $4.5 million in financing to support general corporate needs.
Portland, Oregon-based Qsent, Inc. uses real-time telephone company records to help businesses control fraud, ship packages to the right location, and power enterprise processes with the high level of accuracy necessary to make economic decisions.
"This financing from Silicon Valley Bank demonstrates solid confidence in Qsent's business and strategy. The bank understands the needs of fast-growth technology companies and recognizes Qsent's vision for the future of Internet-based services," said Larry Wasserman, CFO of Qsent, Inc.
"We have a strong relationship with the Qsent management team and are very impressed with their ability to execute. We are pleased to be working with them again," said Bruce Helberg, SVB Senior Relationship Manager. About Qsent, Inc.
Qsent was founded in 1998 by business information services veterans Patrick M. Cox and Kevin S. Anderson, and Internet technology expert Greg A. Keene. Chairman and CEO Cox, and president and COO Anderson co-founded Metro One Telecommunications (NASDAQ: MTON) and helped lead the company from start-up through IPO. Before co-founding Qsent, CTO Keene was co-founder and technology director at Pacific Harbor Publishing, an award-winning Web development firm. Prior to that Keene was information technology manager at CH2M HILL, a global project delivery firm. Headquartered in Portland, Ore., Qsent is a privately held, venture capital funded corporation. For more information on Qsent, visit qsent.com or e-mail firstname.lastname@example.org. 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:
Bruce Helberg, 503-574-3737, email@example.com Qsent Contact:
Kimberly Flanagan, Lane Marketing Communications Inc., 503-221-0480, firstname.lastname@example.org