eGain, a leading provider of cloud customer engagement solutions, announced that it has established a new $20 million credit facility with Wells Fargo Capital Finance. The new facility, which includes a $10 million, five-year term loan and a $10 million revolver, replaces eGain's current credit facility.

"This new credit facility with Wells Fargo Capital Finance is larger and for a longer term than our previous facility, providing us greater financial flexibility to support our strategic growth plans," commented Eric Smit, Chief Financial Officer of eGain.

eGain's customer engagement solutions power digital transformation for leading brands. Our top-rated cloud applications for social, mobile, web, and contact centers help clients deliver connected customer journeys in a multichannel world.