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Square 1 Bank Provides $4.25MM Credit Facility to Dizzion, Inc.

March 29, 2017, 08:00 AM
Filed Under: Software

Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $4.25 million credit facility to new client Dizzion, Inc., a desktop-as-a-service company. Proceeds from the facility will support general growth activities including workforce development, sales and marketing, and product advancements.

Based in Denver, Dizzion utilizes cloud computing to allow users to securely access documents and applications from anywhere on any device. The company goes beyond the virtual desktop infrastructure by combining secure endpoints, storage, application delivery and enterprise security capabilities to create a comprehensive end user computing platform. The company is backed by leading investors including Grotech Ventures and Access Venture Partners.

“The market opportunity in front of Dizzion is extensive and continues to grow as more enterprises look for better ways to maximize workforce productivity, secure corporate data, and achieve compliance,” said Steve Prather, chief executive officer at Dizzion. “Our team is proud to partner with Square 1 and we look forward to accelerating our growth with their support.”

“We worked with the Dizzion team to understand their business, challenges and growth opportunities to create a tailored solution that was beneficial for both parties,” added Jody Shepherd, managing director of Square 1’s Rocky Mountain banking practice. “We are excited to add this impressive, Denver-based client to our portfolio and look forward to supporting their commitment to the evolving global workforce.”

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