eVestment, providers of the financial industry's premier institutional investment database and best-in-class technology solutions, will use the new financing to further invest in its global expansion and product development. In addition to the financing, which is comprised of a considerable term loan and revolving line of credit, Silicon Valley Bank will provide the Atlanta-based company with a full suite of collection, disbursement and investment services.
"eVestment has experienced incredible growth and industry attention in the past few years and this new financing enables us to continue on that trajectory," said Tom Williams, Chief Financial Officer of eVestment Alliance. "Silicon Valley Bank stood out to us as a bank that took the time to understand our business and our global expansion goals and provide us with the right mix of financing. We look forward to working with SVB now and in the future."
The financing follows eVestment's consistently strong performance and recent introduction of new products, including the release of its latest-generation, multi-currency analytics platform and the launch of its institutional Asset Flows report and global data offering. The company was also recently named in Inc. Magazine's annual list of America's Fastest Growing Companies, The Inc. 5000, for the fourth consecutive year.
"We're proud to enter into this new relationship with eVestment and provide them with the financing they need to continue to serve the investment community with the most comprehensive and timely global industry, investment manager and deal flow data available," said Dale Kirkland, senior relationship manager with Silicon Valley Bank in Atlanta. "Silicon Valley Bank is focused on helping unique, entrepreneurial companies like eVestment, achieve their goals. As the company continues to grow, we'll be ready with the best solutions to help them succeed."
Silicon Valley Bank's experienced bankers offer a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide.
