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Bridge Bank Provides $3MM Credit Facility to QASymphony

August 11, 2016, 07:26 AM
Filed Under: Technology

Bridge Bank announced provided a $3 million venture term loan facility to Atlanta-based QASymphony, a leader in agile testing software. QASymphony will use the credit facility to help finance its ongoing growth strategy, including expansion into the European market.

This financing was arranged by Bridge Bank's Atlanta-based Technology Banking team, which provides financial solutions to companies in a variety of technology sectors and at any stage in the growth cycle. From inception through IPO and beyond, Bridge Bank is a leading financial resource to companies throughout the U.S. that are focused on bringing new technologies to market.

"QASymphony has attained a market leadership position providing enterprise-grade agile software testing tools," said Alan Spurgin, region director in Bridge Bank's MidAtlantic/Southeast territory overseeing growth in its Technology and Capital Finance business lines. "We are excited to partner with QASymphony and support its growth with this debt financing as well as our full array of banking services."

"QASymphony has experienced rapid growth as global enterprises are transitioning to agile testing software," said Dave Keil, CEO of QASymphony. "With the debt financing from Bridge Bank, we will be able to further strengthen our balance sheet and aggressively invest in the global expansion of our business."

Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community.

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