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Wells Fargo Capital Finance Provides $20MM Financing to EVOTEK

August 16, 2018, 08:10 AM
Filed Under: Technology

Wells Fargo Capital Finance completed a $20 million credit facility for EVOTEK Inc., a leading IT solutions provider. The credit facility will support EVOTEK’s growth, as the company continues to meet unprecedented demand for its services, which include mobility, devops, cloud, cyber security, storage, virtualization, converged infrastructure, networking, and data protection.
“EVOTEK has experienced tremendous growth since its inception. As a company that is less than 4 years old and privately funded with no outside financing interests, it is important to secure an additional financing option that will allow us to continue to support the needs of our customers and their evolving needs,” said Mari Rodish, General Manager at EVOTEK. “The Wells Fargo team has been delightfully customer-focused and has created a cutting-edge financing solution to match our growth.”

“EVOTEK’s tremendous growth requires a sound financial platform,” said Anthony Lingafelt, vice president, Wells Fargo Capital Finance. “We are extremely excited to work with EVOTEK and support its financial goals by providing our industry-leading working capital solutions that combine unique channel financing solutions with traditional asset based lending solutions.”

EVOTEK, headquartered in San Diego, was founded in 2014. The company is privately funded and has been profitable since its first year in business. In response to increasing demand for its services, the company expanded their offices throughout the West including Phoenix, Las Vegas, Los Angeles, Orange County, and the San Francisco Bay Area.  “EVOTEK is uniquely positioned to assist customers within the rapidly changing industry from traditional IT computing to a secure multi-cloud,” commented Jeff Klenner, President of EVOTEK “Our message is resonating with our customers. We will continue to invest in and scale our business, based on the needs of our customers.”

EVOTEK is North America’s premier enabler of digital business with a focus on innovation. With technology offerings in both data center and cloud, EVOTEK is uniquely equipped to enable customers with the industry shift from traditional IT computing to secure multi-cloud. With services practices in cyber security, mobility, and DevOps, EVOTEK is moving up the value chain, closer to the part of digital business that matters most. EVOTEK was named to Inc Magazine’s Best Places to work in 2018. In 2016, 2017 & 2018, EVOTEK was named to The San Diego Business Journal’s Best Places to work and recognized in CRN's Solution Provider 500 list, CRN’s Next-Generation 250 list, and holds the #1 spot on CRN’s Top 150 Growth Companies, as the fastest growing system integrator in the country.

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