Silicon Valley Bank Strengthens Relationship with Clearswift
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 04 October 2012
Release date- 02102012 - Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, today announced that it has extended its existing credit facility to Clearswift, a global digital security software company.
The facility will be used to support Clearswift's future growth. The company was acquired by mid-market growth investor Lyceum Capital in 2011.
Headquartered in the UK, Clearswift provides market-leading security software products to some of the most security conscious organisations in the world. Clearswift is a trusted partner for its clients and works with institutions in over 50 countries across sectors including Government, Financial Services, Military and Defence.
Paul Jackson, Managing Director of Corporate Banking at Silicon Valley Bank's UK Branch, said:'Clearswift has been a valued Silicon Valley Bank client since 2008. We are delighted to have been a part of Clearswift's growth story, from venture-backing, right through to developing in to the mature, profitable business that it is today. We look forward to working with them long into the future.'
Martin Leuw, Chairman of Clearswift, added: 'It is refreshing to work with a bank that truly understands our business and the innovation sector at large. With our recent backing from Lyceum Capital, as well as this continued support from Silicon Valley Bank, we are confident that we will continue to deliver an excellent service for our global clients and execute on our aggressive growth plans.'
Andrew Aylwin, Partner at Lyceum Capital, said: 'The combination of its sector expertise, global reach and a strong UK presence make Silicon Valley Bank the ideal banking partner for Clearswift and Lyceum. The team was able to move quickly to structure a package of facilities that fit the needs of the business, providing the right capital structure and financial resources to continue its accelerated growth. As an investor with significant existing interests and focus on the innovation space, we look forward to working with the bank on future projects.'
Silicon Valley Bank is the commercial banking division of SVB Financial Group (NASDAQ: SIVB) and financial partner to technology companies worldwide. The bank opened a full service commercial banking branch in the UK in 2012 to serve both local and international businesses. Headquartered in Silicon Valley, SVB Financial Group also has operations in China, India and Israel through which it offers its clients access to the bank's network of relationships with technology, life science, cleantech, private equity and venture capital businesses worldwide.
Clearswift's content-aware, policy based solutions (Clearswift Secure Web Gateway, Clearswift Secure Email Gateway, MIMEsweeper for SMTP) enable over 17,000 organisations in 50 countries to manage and maintain no-compromise data, email and web security across all gateways and in all directions.
Clearswift developed many features the security industry now considers standard, such as image scanning, policy-based encryption and user-level message tracking. Clearswift's content-aware solutions enable safe and effective communication without compromising on security.
Headquartered in Theale, UK, Clearswift operates out of offices based in regional hubs in Sydney, Australia; Munich, Germany; Tokyo, Japan; Madrid, Spain; and New Jersey, United States. www.clearswift.com
About Lyceum Capital
Lyceum Capital is an independent investment firm that invests in innovative and growing mid-sized UK-headquartered businesses; having acquired 90 businesses in the UK and internationally since 2000. Lyceum plans to invest a further GBP300 million in the UK over the next two to three years.
Lyceum Capital makes targeted investments in mid-sized businesses with the potential to become larger participants in fragmented and growing sectors; and has a strong track record across a number of industries.
Lyceum Capital works alongside management teams to increase scale by driving growth through investing in infrastructure and improved operations as well as sourcing and funding complementary acquisitions in the UK and internationally. Through a combination of investment, operational and strategic input Lyceum Capital helps management build robust and successful businesses with good long-term growth prospects. www.lyceumcapital.co.uk
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. Silicon Valley Bank and its affiliates within SVB Financial Group provide industry knowledge and connections, financing, treasury management, corporate investment and international banking services to clients worldwide through 27 US offices and seven international operations in China, India, Israel and the UK. www.svb.com
Silicon Valley Bank is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the Financial Services Authority, FSA reference number 577295. Silicon Valley Bank is a subsidiary of SVB Financial Group, a Delaware corporation and is an affiliate of SVB Financial Group UK Limited. SVB Financial Group UK Ltd is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. 5572575 and is authorised and regulated by the Financial Services Authority, FSA reference number 446159. SVB Financial Group UK Limited provides access to financial services that are provided by, Silicon Valley Bank, including lending and banking services
Silicon Valley Bank - UK Branch
+44 (0)20 7367 7813
+44 (0)7976 291532
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