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Opus Bank Provides $8MM to 3VR

January 13, 2015, 07:28 AM
Filed Under: Technology

Opus Bank announced its Technology Banking division provided $8 million of financing to 3VR, the leading provider of video intelligence solutions for real-time security and customer insights. The financing provided by Opus will be used for growth.

Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus Bank stated, “At Opus Bank, we understand the value of providing capital funding to those entrepreneurs and businesses that cultivate growth in the communities where we live and work. The video intelligence solutions offered by 3VR have become the standard for hundreds of global customers, including leading banks, retailers, governments, and law enforcement agencies. We believe that by providing funding to businesses like 3VR, we are fostering job creation and economic growth.”

Al Shipp, Chief Executive Officer of 3VR commented, “3VR is coming off a record year and positioned for higher growth in 2015. In preparing for this growth, we chose to partner with Opus Bank whose strength and leadership provides us the necessary foundation to capitalize on our global expansion opportunities.”

Kevin McBride, Senior Managing Director and Head of the Technology Banking division at Opus Bank, stated, “3VR is a leader in video security and customer insight applications. This transaction marks the second deal Opus has closed in this space in as many months.” McBride concluded, “We are pleased to have become 3VR's lead commercial bank and to have joined its investor group, including Kleiner Perkins, Vantage Point, and Menlo Ventures, in supporting the company's impressive growth.”

Opus Bank’s Technology Banking division serves West Coast-based venture-backed, private equity, and public middle-market technology companies that focus on Intellectual Property (IP), software, hardware, and IT services. The Technology Banking division is led by Kevin McBride, Senior Managing Director, a seasoned Technology Banking veteran who has acted as the lead agent on transactions for a number of private and public companies, including Adobe Systems, Electronic Arts, Epicor Software, Kratos Defense and Security Systems, and Quantum Corporation.

Founded in 2002 and based in San Francisco, CA, 3VR provides video intelligence solutions for real-time security and customer insights enabling organizations to protect employees, customers, and assets, as well as improve store operations and shopping experiences.

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