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Square 1 Bank Provides $4.5MM Credit Facility to SpringCM

April 30, 2014, 07:27 AM
Filed Under: Technology

Square 1 Bank announced that it has provided a $4.5 million credit facility to SpringCM, the leader in Content Cloud Services. Proceeds of the credit facility will be used to provide working capital to support the company's growth, including the expansion of its enterprise sales team and channel operations.

Backed by Foundation Capital, North Bridge Venture Partners, and Bluestem, SpringCM provides a comprehensive, business-class set of Content Cloud Services. SpringCM transforms the way people find, share, collaborate and work with content. The SpringCM platform combines the ease of use of consumer-focused offerings with robust enterprise-class capabilities designed to put content to work.

"Finding, sharing, collaborating and working with content is a challenge faced by every enterprise on the planet," said Ryan Dammeyer, managing director of Square 1 Bank's technology and life sciences practices in the Midwest. "We are proud to support Spring CM's effort to provide solutions that not only provide a reliable cloud destination for this content, but also make sense of it, and get work done."

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion by providing venture debt and banking services.

SpringCM is the leader in Content Cloud Services for the enterprise. Enterprises need to do more than store and share content—they need to put content to work to accelerate business outcomes. SpringCM helps global brands and public sector agencies—Facebook, Google, NCR, Office Depot, PDI Nice-pak and the U.S. Department of Energy, among others—solve content-related problems that stand in the way of optimizing revenues, cutting costs, mitigating risk and engaging customers and employees.

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