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Bridge Bank Provides $6.5MM to Certent, Inc.

April 13, 2015, 07:13 AM
Filed Under: Technology

Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, has expanded its relationship with Certent, Inc., a client since 2008, with a $6.5 million recurring revenue line of credit facility.

Certent, Inc. (formerly known as Equity Administration Solutions, Inc. or EASi) founded in 2002 and based in Pleasanton, CA, is a leading provider of equity compensation and financial disclosure software-as-a-service (SaaS) solutions. Certent's web-based platform streamlines internal and external reporting, automates stock plan processes, and simplifies SEC regulatory compliance for both XBRL and HTML while additionally offering full outsourcing of financial compliance and stock plan management.

"We are excited for the opportunity to continue to support Certent through their growth initiatives," said Peter Haman, relationship manager in Bridge Bank's Technology Banking team. "Certent's impressive customer growth and product expansion further solidifies their position as a leading provider in the equity compensation and regulatory compliance market," he added.

"Certent has been experiencing rapid growth in recent years. In 2014 we saw a 50% increase in new software bookings and a 100% increase in new service bookings," said Certent vice president and controller, Tami Giovanni. "We need a bank that can keep up with that growth and be there for us, ready when we need to move quickly. Bridge Bank has been that bank," she added.

Since 2002, Certent has been making it easier for companies to meet their financial compliance requirements. Certent's user-friendly, web-based technology streamlines equity plan management, financial reporting for ASC718, and financial filings (in XBRL and HTML) with the U.S. SEC.

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