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Silicon Valley Bank Announces Partnership with TiE as Organization's First Global Sponsor

Company News  | 

SANTA CLARA, CA - June 3, 2002 -Silicon Valley Bank (SVB), the premier bank for emerging global technology companies, today reinforced its commitment to global entrepreneurship by signing on as the first global sponsor of TiE, a global not-for-profit organization dedicated to fostering entrepreneurship and innovation.

"We are proud to give our strong endorsement and support to TiE as its first Global Sponsor," said Silicon Valley Bank CEO Ken Wilcox." By partnering with TiE's global technology community, Silicon Valley Bank continues to back the entrepreneurs who drive technology innovation. We're reinforcing our commitment by dedicating a senior level team to ensure the long-term success of this relationship."

SVB Senior Vice President and South Bay Region Manager Ash Lilani will spearhead the bank's active involvement with TiE and the larger Indus community. Both organizations, SVB and TiE, have a strong national presence with significant overlap. This partnership will allow both to enjoy greater access to the other's resources — including TiE and SVB events, bank financial and business offerings and a strong network of entrepreneurs and innovators both from TiE and SVB's client base. SVB will also extend its offerings to technology companies abroad in the TiE network who are building a presence in the US.

"The SVB Global Sponsorship sets a new benchmark of relationships for TiE. We look forward to working closely with them on specific collaborative programs and ideas for the benefit of our members and the two organizations," said TiE Global Director and Silicon Valley President Kailash Joshi. "Through this initiative, SVB is helping us provide a complete entrepreneurial ecosystem to our network of 8,000 members across 8 countries and 45 locations."

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 has 11 offices throughout California and operates regional offices in 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.

About TiE
TiE is a global not-for-profit organization dedicated to fostering entrepreneurship and innovation. TiE has been a driving force behind many leading high-technology companies. Through its members and affiliations, TiE brings together a "Complete Entrepreneurial Ecosystem" in information technology, biotechnology and communications markets. From a modest start about ten years ago, TiE has become a vast global pool of talent, innovation and experience, where ideas are transformed into groundbreaking companies. Key objectives of TiE are to bring together innovators of technology and business solutions and help them build successful companies through networking and mentorship.

TiEcon is the world's largest entrepreneur's conference, provides a unique vehicle towards these objectives. TiEcon 2002 is expected to attract 3000 attendees — entrepreneurs and potential entrepreneurs, professionals, senior executives from established companies, members of academia, law firms, accounting firms, search firms and government policy makers, especially from countries outside of the US. For more information and registration please visit http://www.tiesv.org or call 408-567-0700.


SVB Contact:

Heather Mirjahangir, (415) 856-5110, hmirjahangir@bando.com

TiE Contact:

June Parina, (415) 217-4968, june@blueshirtgroup.com
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