Daily News: October 16, 2012

Avidbank Corporate Finance Provides $5 Million to 4INFO


Avidbank Corporate Finance, a division of Avidbank, has provided a $5 million line of credit to 4INFO. The proceeds of this loan will be used to provide the necessary working capital to facilitate the company’s growth in the mobile advertising market.

Based in San Mateo, 4INFO has a long tradition of technological innovation in mobile media. Launched in 2004, 4INFO created the industry’s first mobile search engine, consumer SMS alerts, and enterprise SMS publishing for some of the largest digital media companies, including Yahoo!, AOL and IAC. Now 4INFO delivers mobile advertising in all forms through AdHaven