Bridge Bank Finances Certent
Bridge Capital Holdings expanded its relationship with Certent, a client since 2008, with a $6.5 million recurring revenue line of credit facility.
“We are excited for the opportunity to continue to support Certent through their growth initiatives,” said Peter Haman, relationship manager in Bridge Bank’s Technology Banking team. “Certent’s impressive customer growth and product expansion further solidifies their position as a leading provider in the equity compensation and regulatory compliance market,” he added.
“Certent has been experiencing rapid growth in recent years. In 2014 we saw a 50% increase in new software bookings and a 100% increase in new service bookings,” said Certent VP and controller, Tami Giovanni. “We need a bank that can keep up with that growth and be there for us, ready when we need to move quickly. Bridge Bank has been that bank,” she added.
Pleasanton, CA-based Certent is a provider of equity compensation and financial disclosure software-as-a-service (SaaS) solutions.