Chicago, IL -- April 26, 2001 -- Silicon Valley Bank, a wholly owned subsidiary of Silicon Valley Bancshares, provided a $5 million working capital line of credit to ZAMBA Solutions.
ZAMBA Solutions offers customer relationship management (CRM) consulting and systems integration for Global 2000 organizations. Clients include Best Buy, Bell South, General Electric and more than 100 Global 2000 companies.
"This agreement significantly strengthens our financial position and provides us with additional working capital to support our growth strategy," said Michael Carrel, executive vice president and chief financial officer of ZAMBA.
"Silicon Valley Bank serves emerging growth companies that are positioned to become market leaders. ZAMBA Solutions is a recognized leader in providing integrated, strategic and comprehensive customer relationship management solutions," said Brent Donnell, manager of Silicon Valley Bank's Chicago office. "We were impressed by ZAMBA's high quality customer base and their history of successful CRM implementations. Additionally, we have a high level of confidence in management's ability to execute its growth strategy."
About ZAMBA Solutions
ZAMBA Solutions is a leading customer relationship management (CRM) consulting and systems integration company for Global 2000 organizations. One of the largest companies focused exclusively on CRM services, ZAMBA helps clients better anticipate, understand and respond to the needs of their current and potential customers through integrated, multi-channel solutions. Based on the Company's CRM expertise and experience, ZAMBA has created an end-to-end blueprint of industry-leading solutions addressing each aspect of CRM, including CRM strategy, analytics and marketing, contact center, content and commerce, field sales, field services, mobile and wireless and enterprise integration. The company has offices in San Jose, Boston, Colorado Springs, Denver, Minneapolis, Pleasanton, and India. For more information, contact ZAMBA at www.ZAMBAsolutions.com or (800) 677-9783.
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, firstname.lastname@example.org.Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward looking statements. Factors that impact such forward looking statements include, among others, the growth rate of the marketplace for customer-centric solutions, our ability to develop skills in implementing customer-centric solutions, the ability of our partners to maintain competitive products, the impact of competition and pricing pressures from actual and potential competitors with greater financial resources, our ability to obtain large-scale consulting services agreements, client decision-making processes, changes in expectations regarding the information technology industry, our ability to hire and retain competent employees, possible changes in collections of accounts receivable, changes in general economic conditions and interest rates, and other factors identified in our filings with the Securities and Exchange Commission."ZAMBA Solutions" is a trade name under which Zamba Corporation conducts operations.