Bridge Bank Provides Credit Facility to Fiksu, Initially $5M
SAN JOSE, CA -- (Marketwire) -- 03/28/13 -- Bridge Capital Holdings
(NASDAQ: BBNK), whose subsidiary, Bridge Bank, National Association,
a full-service professional business bank headquartered in Silicon
Valley with offices located nationwide, announced today that it has
provided Fiksu with an initial $5 million line of credit to support
their rapid growth.
"Bridge Bank is a valued and flexible financing partner, providing
the capital fuel for Fiksu's expanding global presence and our
burgeoning adoption by leading brands that rely on our technology and
expertise to drive efficient, large-scale app marketing programs,"
said Micah Adler, Fiksu founder and CEO.
Fiksu is the developer of the award winning Fiksu Mobile App
Marketing Program that combines advanced media optimization
technology with the world's largest app media inventory -- the
industry's only mobile app loyal user growth platform.
Leading brands like T-Mobile, Groupon, VH1, Barnes & Noble, Gilt, and
Hearst Magazines, along with scores of today's hottest game
developers, are among the many savvy mobile advertisers that have
already turned to Fiksu to help them achieve their mobile app
"As applications and content shift to mobile platforms at a rapid
pace, brands are searching for ways to increase engagement with
consumers. Fiksu is the market leader at driving application
downloads by engaged users and delivering tremendous results for
application developers and publishers," said Dick Sweeney, senior
vice president and market manager in Bridge Bank's Technology Banking
Bridge Bank is dedicated to meeting the needs of emerging growth
technology companies across the U.S., with offices in the Silicon
Valley, Dallas, Reston and Boston. The bank is a High Plus Authority
Lender for the Export-Import Bank of the United States, and offers a
full suite of international banking products including foreign
exchange, letters of credit, export-import credit solutions and a
newly launched multi-currency payment management system.
Fiksu, Inc. helps leading brands optimize their iOS and
Android mobile app marketing campaigns and secure large volumes of
loyal users. The company's flagship p
latform, Fiksu(R) Mobile App
Marketing Platform, spans the entire mobile ecosystem providing the
most cost-effective, predictable and intelligent mobile advertising
solution, slashing user acquisition costs and ensuring sustained user
engagement. Additionally, Fiksu offers FreeMyApps(R), an app
discovery platform where users are rewarded. Based in Boston, Mass.,
Fiksu is venture-backed by Qualcomm Ventures and Charles River
Ventures. More at www.fiksu.com, @Fiksu and on the Fiksu blog.
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 2012 "Sm-All Stars" -- a select group of 25
top-performing publicly traded banks and thrifts from throughout the
U.S. with market capitalization of up to $2 billion. For additional
information, visit the Bridge Capital Holdings website at
About Bridge Bank, National Association
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. A less
bank-like way to bank. We provide a surprisingly broad range of
financial solutions, enabling us to meet our clients' varied needs
across all stages -- from inception to IPO and beyond. It's how we go
about doing so that differentiates us from our competition.
Learn more at the new www.bridgebank.com. Follow us @BridgeBank.
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
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
Bridge Bank Contacts
Daniel P. Myers
Chief Executive Officer
Thomas A. Sa
Executive Vice President
Chief Administrative Officer, Chief Financial Officer
Chief Executive Officer
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