Silicon Valley Bank and TiE Strengthen Strategic Partnership and Reinforce Commitment to Global Entrepreneurship & Innovation
Company News | July 13, 2005
"As we broaden our support for entrepreneurs in technology markets around the world, we are proud to continue our strong endorsement and support of TiE as its only Global Sponsor," said Silicon Valley Bank's Head of Global Markets, Ash Lilani. "TiE's depth and reach into the entrepreneurial community is unmatched. Both our organizations are passionate about supporting the entrepreneurial and venture capital community on a worldwide basis. By continuing the partnership between TiE and Silicon Valley Bank, together we can leverage our joint networks to serve the entrepreneurs and investors who drive technology innovation."
"The SVB Global Sponsorship allows TiE to continue deepening and strengthening its relationships locally and globally. We look forward to continuing to build on a solid foundation for innovative new programs and for continuing to collaborate on existing programs," said TiE Global President Sridar Iyengar. "Through this initiative, SVB is helping us provide a complete suite of expertise and services to our network of 10,000 members across nine countries and 42 locations."
Silicon Valley Bank (SVB) is a longstanding sponsor of TiE, since the organization's inception a decade ago. SVB became TiE's first global sponsor three years ago and has retained that level of commitment since. Ash Lilani and SVB Senior Vice President - India, Suresh Shanmugham will manage SVB's active involvement with TiE and the larger Indus community. Both SVB and TiE have a strong presence in the U.S. and India, with significant overlap. This partnership allows both organizations to enjoy greater access to the other's resources -- including events, financial and business offerings and a strong network of entrepreneurs and innovators. SVB also extends its financial services to technology companies in the TiE network abroad that are building a presence in the U.S.
About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology, life science and private equity markets, as well as the premium wine industry. 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 domestic offices and two international subsidiaries in the U.K. and India. More information on the company can be found at www.svb.com.
TiE is a not-for-profit organization with 42 chapters in nine countries and a membership base in excess of 10,000. TiE fosters entrepreneurship through mentoring, networking and education. At the heart of TiE is its strong ecosystem -- which has enabled members to facilitate and create a cohesive network of strong viable and sustainable chapters worldwide. The TiE brand is synonymous with entrepreneurship and wealth creation globally. For more information please visit http://www.tie.org or call 408-567-0700.
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