- 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 Company develops and distributes products that allow companies to monitor their extended supply chain for any potential complications.
"We have continually received a higher level of service from Silicon Valley Bank and have been impressed with their level of expertise," said Allen Plunk, chief financial officer for Viewlocity. "The Bank understands our business model and we're confident that this financial relationship will be a great benefit as we grow our company."
"We are pleased to be supporting Viewlocity as it continues to expand its leadership position in the supply chain event management sector," said Alan Spurgin, senior vice president in the Bank's Atlanta office. "The Company has developed outstanding technology and has assembled a first-class management team to exploit an exciting market opportunity." About Viewlocity, Inc.
Viewlocity is a global provider of Supply Chain Event Management (SCEM) solutions. Our TradeSync Suite allows companies to monitor their extended supply chains for events and exceptions that could impact their ability to fulfill customer orders, satisfy inventory needs, and manage shipping requirements. When exceptions are detected, TradeSync notifies the affected parties, recommends corrective actions, and enables collaborative resolution.
By implementing Viewlocity's SCEM solutions, customers dramatically increase supply chain efficiencies, balance inventory with demand, lower costs, and make better use of their assets.
Over 10 years of success in providing global 2000 customers with valuable software products separates Viewlocity from the competition. We serve our clients from 15 offices worldwide, including global headquarters in Atlanta, European headquarters in London and Asia-Pacific locations in Japan, China, and Australia. Viewlocity's world-class customers include American Standard, Carrefour, DHL Worldwide Express, Philips, Exel, and Volvo. For more information, call 877.512.8900 or visit www.viewlocity.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: 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
Alan Spurgin, Atlanta Regional Office, (404) 760-3688
Andrea McGhee, Corporate Communications, (408) 654-3078