Systine, Inc. Earns Top Place Finish at Silicon Valley Bank's Debut Southern California Showcase

Company News  | 

Newport Beach, CA -- August 2, 2001 -- Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced Systine, Inc. as the winner of its debut Southern California Showcase event.

The Southern California Showcase, hosted in Newport Beach, California, featured 10 of the area's most promising early stage companies, each giving three-minute presentations to a panel of prominent angel and venture capital investors.

Panelists included moderator John Otterson, Silicon Valley Bank; Fred Haney, California Technology Partners; Robert Kibble, Mission Ventures; Greg Martin, Redpoint Ventures; Safi Quershey, Skyline Ventures; and Luis Villalobos, Tech Coast Angels.

Additional investors made up the Showcase audience -- listening to presentations and enjoying a post-event networking session with the entrepreneurs. All attendees and presenters at the Showcase event were clients of Silicon Valley Bank.

"At Silicon Valley Bank's Showcase, Systine was able to present its business plan and funding needs to some of the technically savviest VC firms in California," said Siddharth Dasgupta, chief executive officer of first place Systine. "The Bank's years of experience working with high-tech startups and VCs provide valuable opportunities for small companies such as ours."

The Showcase event series was originated and continues to be hosted by Silicon Valley Bank, with Showcases being held around the country. It provides an additional service to the Bank's clients; early stage companies can present to a room full of investors and investors are provided with quality investment opportunities.

The Southern California Division plans to hold a Showcase event at least three times each year.

"The event was a tremendous success for the Bank, our entrepreneurial clients that presented and our clients in the Southern California investment community," said Mark Breneman, senior relationship manager of the Bank's Emerging Technologies Team. "Our presenting clients benefited from the opportunity to build and solidify relationships with the venture capital community and seem to appreciate the value-add this type of event provides."

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: 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; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.

SVB Contact: Andrea McGhee, (408) 654-3078, amcghee@svbank.com.

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