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Silicon Valley Bank Provides $1MM Working Capital Line to FSLogix

August 21, 2017, 08:00 AM
Filed Under: Technology

FSLogix, an innovator in engineering the enterprise class virtual workspace, announced that it has successfully closed a $1 million debt facility from Silicon Valley Bank. The credit facility is a working capital line of credit for up to $1 million that will be used for general corporate purposes and to support growth.

Founded in 2013, FSLogix is a cloud-native virtual workspace solution, purpose-built to optimize operational costs for enterprises and DaaS providers and enable the highest level of end-user productivity.

“We’re very pleased to have Silicon Valley Bank as a financial partner who reinforces our leadership position in virtual desktop innovation,” said Kevin Goodman, CEO and co-founder of FSLogix. “As F1000 companies embrace workforce mobility, the demand to enable enterprise quality cloud computing has never been greater.”

“We’re excited to partner with FSLogix as the company works toward expanding its global reach and achieving its strategic initiatives,” said Dale Kirkland, Managing Director, Silicon Valley Bank. “FSLogix is accelerating the shift to the cloud-based, virtual workforce. Our goal is to provide their team with the right financing, services, and connections to support their growth.”

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