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Bridge Bank Increases Sysorex Credit Line to $10MM, Adds $2MM Term Loan

May 08, 2015, 07:53 AM
Filed Under: Technology

Bridge Bank announced that its Capital Finance Banking team has amended its revolving credit facility with Sysorex, a leading provider of Big Data software analytics and infrastructure solutions, to increase the credit limit from $6 million to $10 million and extend a new term loan in an aggregate principal amount of $2 million.

"By providing turnkey, end-to-end data analytics and IT infrastructure solutions, Sysorex is able to assist its clients by driving value and simplifying an increasingly complex business environment," said David Feiock, vice president in Bridge Bank's Capital Finance banking group. "We are thrilled to continue our partnership with the Sysorex team as they execute on their technology roadmap and growth initiatives, and expand their customer base," added Feiock.

Sysorex is a developer of big data analytics, mobile device solutions for enterprise and government customers worldwide. Its products include the AirPatrol location-based security and services platforms for cellular and WiFi devices, and the LightMiner Big Data Analytics solutions. It also offers a range of professional services focused on the development of custom cloud and converged infrastructure solutions.

About Sysorex Through focused, custom technology solutions, Sysorex provides cyber security, data analytics, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world. From identifying security risks to helping clients realize value from their big data strategies, Sysorex has the experience, technology, partners, and agility to be your trusted IT partner.

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