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Bridge Bank Finalizes $8MM Credit Facility with ANEXIO

November 16, 2017, 07:00 AM
Filed Under: Technology

Bridge Bank announced it has finalized a new credit facility with ANEXIO, a leading IT services provider offering desktop to data center solutions for mid-market businesses nationwide. The new $8 million credit facility will accelerate ANEXIO’s business growth and help the company deliver additional mission critical infrastructure services to businesses making the transition from a legacy IT environment to a more modern hybrid cloud infrastructure.

Inc. magazine recently honored ANEXIO by ranking it number 452 on the Inc. 500 list of America’s fastest growing private companies. As an Inc. 500 honoree, ANEXIO now shares a pedigree with Oracle, Box, Microsoft, GoPro, Intuit, Under Armour and dozens of other Inc. 500 alumni that have gone on to become household names.

“The ANEXIO team has achieved impressive growth and has assumed a strong national leadership position with its Managed IT offerings,” said Alan Spurgin, senior vice president and region director of Bridge Bank’s Mid-Atlantic technology banking group. “We are pleased to be working with ANEXIO and we look forward to expanding our relationship in the future.”

Bridge Bank’s leadership quickly understood ANEXIO’s market opportunity and responded with the financial tools that ANEXIO needed to accelerate their market momentum.

“Bridge Bank has a broad spectrum of valuable financial solutions for high growth companies like ANEXIO,” said Tony Pompliano, ANEXIO president and CEO. “We are excited to work with Alan and the entire Bridge Bank team as we bring the benefits of ANEXIO’s mission critical infrastructure to customers everywhere.”

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