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WFCF Provides Intelligent Decisions $75MM in Channel Financing

November 21, 2013, 07:46 AM
Filed Under: Technology

Wells Fargo Capital Finance announced that their Supply Chain Finance group provided a $75 million credit facility to Intelligent Decisions, a global IT solutions provider, that will be used for working capital and growth purposes.

Intelligent Decisions (ID) is located in Ashburn, VA and was founded in 1988.  Since inception, ID has been developing innovative IT solutions to solve the most challenging requirements of their largest client, the Federal Government. Ranked on the prestigious Washington Post "Post 200," Washington Business Journal’s "50 Fastest Growing Companies" as a leading technology solutions provider, and CRN's "VAR 500" and "Tech Elite 250," ID's exceptional growth is the direct result of proven solutions, best-value, and customer service excellence.

“We are pleased to work with Wells Fargo Capital Finance on this credit facility,” said Harry Martin, president and chief executive officer of Intelligent Decisions. “They brought us the solutions that will further strengthen our liquidity and provide additional flexibility to continue our strategic initiatives.”

“As a leading provider of innovative IT solutions, I am delighted to have been able to establish a channel financing program for Intelligent Decisions, giving them the liquidity they needed to grow and increase their purchasing power,” said Robert Wagner, managing director, Supply Chain Finance, Wells Fargo Capital Finance. “We look forward to strengthening and deepening our relationship with such a leading brand in the IT solutions sector.”

Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally.

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