SAN FRANCISCO, April 28, 2015 (GLOBE NEWSWIRE) – Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to new client VisiQuate, Inc., a Big Data company serving enterprise clients in the healthcare, energy and finance industries. Proceeds will be used to provide additional working capital and drive company growth.
Founded in Santa Rosa in 2009, VisiQuate is led by a team of recognized analytics experts, including co-founders Brian Robertson, JK Kolmansberger and Rich Waller, whose expertise has helped large enterprises reduce costs, increase revenue and improve operational efficiency. VisiQuate was built on a foundation of leading healthcare clients, including Cleveland Clinic, Geisinger Health Systems and Orlando Health, but has learned that its Big Data solutions bring measureable benefits to a number of industries. The company has recently added an energy division.
“VisiQuate is proud to partner with the Square 1 Bank team in our mission to use analytics. We turn the confusion of unfiltered Big Data into a series of actionable insights that are available to users at all levels of the enterprise,” said Brian Robertson, chief executive officer of VisiQuate. “The solutions we deploy today are personalized for individual users and their roles, from the C-suite to the cubicle. By democratizing data across the enterprise and featuring capabilities like right-click worklisting, our analytics lead to advanced performance outcomes for users in measurable ways every day.”
Andy Weyer, senior vice president in Square 1 Bank's Bay Area practice, added, “VisiQuate was originally referred to Square 1 by our trusted partners at First Analysis. We were attracted to the Company's solid business fundamentals, enormous market opportunity around actionable business intelligence products and experienced management team. Our team moved quickly to provide a competitively priced debt facility to refinance VisiQuate's existing working capital facility and support the Company's growth financing needs with ample structural flexibility. We are proud to be VisiQuate's banking partner and look forward to supporting the company's future growth.”
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. For more information, visit www.square1bank.com.