Bridge Capital's subsidiary Bridge Bank announced that its Capital Finance Banking team has amended its revolving credit facility with Sysorex to increase the credit limit from $6m to $10m and extend a new term loan in an aggregate principal amount of $2m.
"By providing turnkey, end-to-end data analytics and IT infrastructure solutions, Sysorex is able to assist its clients by driving value and simplifying an increasingly complex business environment," said David Feiock, vice president in Bridge Bank’s Capital Finance banking group. "We are thrilled to continue our partnership with the Sysorex team as they execute on their technology roadmap and growth initiatives, and expand their customer base," added Feiock.
Sysorex is a developer of big data analytics, mobile device solutions for enterprise and government customers worldwide.
Its products include the AirPatrol location-based security and services platforms for cellular and WiFi devices, and the LightMiner Big Data Analytics solutions. It also offers a range of professional services focused on the development of custom cloud and converged infrastructure solutions.
"Bridge Bank is a true partner when it comes to reaching key milestones in our growth strategy," said Nadir Ali, Chief Executive Officer of Sysorex. "Its flexibility and creative approach to banking allows us to focus on delivering innovative solutions to an expanding global customer base with the knowledge that we have a committed banking partner behind us," he added.