SANTA CLARA, Calif., July 13, 2005 - Silicon Valley Bank, the primary banking subsidiary of SVB Financial Group (Nasdaq: SIVB), reinforced its commitment to entrepreneurship today by renewing its Global Sponsorship of TiE, a not-for-profit organization dedicated to fostering entrepreneurship globally.
"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
or call 408-567-0700.