Client News

SAN DIEGO - January 17, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided NextGig, Inc. with an equipment term loan. San Diego-based NextGig, a leading developer of database infrastructure products, will use the financing for equip...

WEST PALM BEACH, FL - January 15, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it established a banking relationship which provided a line of credit to Xytrans, Inc., a pioneer in the wireless broadband revolution. Xytrans is a lead...

SAN DIEGO - January 9, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided RF Magic, Inc. with $1.5 million in equipment financing. RF Magic will use the financing to acquire the equipment and software necessary to support the ...

ATLANTA - January 8, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided Viewlocity, Inc., with a $3.5 million line of credit. Viewlocity is the global provider of Supply Chain Event Management (SCEM) software and services. The...

MILPITAS, CA (December 17, 2001) - Com21, Inc. (Nasdaq: CMTO), a leading global provider of system solutions for the broadband access market, announced today that it has finalized a $10 million asset-based line of credit with Silicon Valley Bank. The Silicon Valley Bank line of credit replaces ...

SAN DIEGO - December 10, 2001 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced that it provided Myrica Networks, Inc. (Myrica Networks) with a $3 million capital term loan. San Diego-based Myrica Networks, a communications networking company, will...

WEST PALM BEACH, FL - December 5, 2001 - Silicon Valley Bank, (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares (Nasdaq: SIVB), and Ultimate Software (Nasdaq: ULTI) announced that the Bank has extended a $5 million secured accounts receivable line of credit to Ultimate Software. U...

SEATTLE - November 15, 2001 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced today that it has provided a $15 million working capital facility to Onyx Software Corporation (Nasdaq: ONXS) of Bellevue, Washington, a global provider of customer relat...

PISCATAWAY, N.J. - November 5, 2001 - Pivotech Systems, Inc., the premier vendor of carrier-class intelligent managed application solutions for communication service providers, today announced that Silicon Valley Bank, a wholly-owned subsidiary of Silicon Valley Bancshares, has provided them with a ...

ATLANTA - November 1, 2001 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided Novoste Corporation (NASDAQ: NOVT) with $10 million in asset-based financing. Norcross, Georgia-based Novoste Corporation is a world leader in the emerging fie...