Atlanta –– Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, recently closed a transaction to provide eVestment Alliance (eVestment) with $19 million in new credit facilities. eVestment, providers of the financial industry's premier institutional investment database and best-in-class technology solutions, will use the new financing to further invest in its global expansion and product development. In addition to the financing, which is comprised of a considerable term loan and revolving line of credit, Silicon Valley Bank will provide the Atlanta-based company with a full suite of collection, disbursement and investment services.
"eVestment has experienced incredible growth and industry attention in the past few years and this new financing enables us to continue on that trajectory," said Tom Williams, Chief Financial Officer of eVestment Alliance. "Silicon Valley Bank stood out to us as a bank that took the time to understand our business and our global expansion goals and provide us with the right mix of financing. We look forward to working with SVB now and in the future."
The financing follows eVestment's consistently strong performance and recent introduction of new products, including the release of its latest-generation, multi-currency analytics platform and the launch of its institutional Asset Flows report and global data offering. The company was also recently named in Inc. Magazine's annual list of America's Fastest Growing Companies, The Inc. 5000, for the fourth consecutive year.
"We're proud to enter into this new relationship with eVestment and provide them with the financing they need to continue to serve the investment community with the most comprehensive and timely global industry, investment manager and deal flow data available," said Dale Kirkland, senior relationship manager with Silicon Valley Bank in Atlanta. "Silicon Valley Bank is focused on helping unique, entrepreneurial companies like eVestment, achieve their goals. As the company continues to grow, we'll be ready with the best solutions to help them succeed."
Silicon Valley Bank's experienced bankers offer a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide.
About Silicon Valley Bank
Silicon Valley Bank provides commercial bankingservices to emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and five international operations. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), along with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.
Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System.
About eVestment Alliance
eVestment Alliance (eVestment) is an innovative, web-based provider of comprehensive investment information and analytic technology. With better data, true global coverage, more flexible analytics and custom automation and delivery platforms, eVestment's robust tools enable clients to conduct more thorough research, generate more insightful analysis, and significantly improve their overall efficiency.
Through its online eVestment Global Database, eVestment captures the most
comprehensive dataset in the industry and distributes all information via its
fully web-based eVestment Analytics system, the platform which has set the
software standard for online manager comparisons, research, and competitive
intelligence. Drawing upon its extensive data management expertise, eVestment
also offers its powerful eVestment Exchange system to automate the
transformation and precise update of manager data to multiple databases and
address the industry's redundant data request problems. eVestment's recent launch of eVestment Asset
Flows represents the industry's first comprehensive source of high-end
institutional information on assets gained and lost among investment managers
and global asset classes.
Named "Most Influential Database" by FundFire in 2009, ranked #1 in the Top 10 list of "Must Be In" databases by Money Management Letter and iisearches in 2010, and recognized the last four consecutive years in the Inc. 5000, eVestment is committed to providing unparalleled client service to many of the world's foremost financial organizations, including leading investment consultants, asset managers, plan sponsors and other diverse financial clients. eVestment was founded in 2000 and is headquartered in Atlanta, Georgia with offices in London, England and Sydney, Australia and U.S. regional sales offices in Boston, Seattle and Raleigh. More information on the company can be found at www.evestment.com.