Bridge Bank Increases Sysorex Credit Line and Extends an Additional Term Loan for up to $12 Million in Financing

Source: Bridge Capital Holdings

SAN JOSE, CA — (Marketwired) — 05/07/15 — Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that its Capital Finance Banking team has amended its revolving credit facility with Sysorex (NASDAQ: SYRX), a leading provider of Big Data software analytics and infrastructure solutions, to increase the credit limit from $6 million to $10 million and extend a new term loan in an aggregate principal amount of $2 million.

“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.

About Sysorex

Through focused, custom technology solutions, Sysorex (NASDAQ: SYRX) provides cyber security, data analytics, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world. From identifying security risks to helping clients realize value from their big data strategies, Sysorex has the experience, technology, partners, and agility to be your trusted IT partner. Visit Sysorex.com, follow @SysorexGlobal and Like us on Facebook.

About Bridge Bank, National Association
Recognized by The Findley Reports as a Super Premium Performing Bank, and designated “Superior” by BauerFinancial and IDC, Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. Our technology banking division provides a broad range of financial solutions to venture-backed and non-venture-backed companies, enabling us to meet our clients’ varied needs across all stages of business life. It’s how we go about doing so that differentiates us from our competition. Bridge Bank’s product offering includes growth capital, equipment and working capital credit facilities and treasury management solutions, along with a full line of international products and services and financing secured by domestic, government and foreign receivables. Learn more at the new www.bridgebank.com. Follow us @BridgeBank.

About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on the NASDAQ stock market under the trading symbol BBNK. Bridge Bank Holding Company was recently admitted to Sandler O’Neill’s Class of 2014 “Sm-All Stars” — a select group of 35 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2.5 billion. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.

Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management’s judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.

The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings’ annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

By |2017-04-27T03:15:43+00:00May 7th, 2015|Categories: News|Tags: , |

About the Author:

Lauren Edwards can be found with a song in her head and a RedBull in her hand while following the latest tech news or checking up on the Redskins. Inpixon's Director of Digital Marketing, Lauren translates engineering-isms into the language of the general public while growing her expertise in location-based mobile, cybersecurity, the future of context awareness and anything else that catches her eye while juggling 2+ other projects. Lauren lives in VA with her cuddle monster/pitbull and regularly competes at nationwide equestrian events.