Bridge Bank Finalizes $8 Million New Credit Facility with ANEXIO

SAN JOSE, Calif., Nov. 15, 2017 (GLOBE NEWSWIRE) — Bridge Bank today 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.”

About ANEXIO

ANEXIO is transforming the IT industry with Desktop to Data Center solutions designed specifically for customers seeking a smooth transition from legacy IT environments to a more efficient Hybrid Cloud infrastructure. The Inc. 500 company’s Mission Critical Infrastructure strategy is anchored by eight Tier III SOC-2 certified data centers, an IT solutions center and a nationwide IP Network. ANEXIO’s offerings include colocation, networking, Cloud services, storage, disaster recovery, Managed IT and Managed VoIP. Every ANEXIO product and service is backed up by United States-based customer support. Visit www.anexio.com for more information.

About Bridge Bank

Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to-bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #4 on the Forbes 2017 “Best Banks in America” list. For more information, visit bridgebank.com.

CONTACT: Media Contact for Bridge Bank

Ryan Barringer
Senior Vice President
Division Marketing Director
408.556.8677	
ryan.barringer@bridgebank.com