Daily News: February 27, 2013

Bridge Capital Facility Supports PowerAdvocate Expansion


Bridge Capital Holdings announced that it provided PowerAdvocate a multi-million dollar financing facility to support capital growth as the company expands its presence in the energy sector and enters new markets.

“We are pleased to be working with Bridge Bank,” said Dan Sullivan, chief executive officer for PowerAdvocate. “As we continue to invest in creating ever-expanding value for our customers, it is important that we have the right financing partner. Bridge Bank truly understood our business and provided us with a flexible financing solution to match our needs. It was a unique financing experience. They are very, very attuned to evolving technology company needs.”

“PowerAdvocate has done a tremendous job of building their company from the ground up, funding their own growth,” said Dick Sweeney, senior vice president and market manager in Bridge Bank’s Technology Banking Division. “We’re extremely excited about our partnership with PowerAdvocate – they have a substantial opportunity to expand in their market. We are proud to be associated with this fast-paced company and we’re excited to be part of their growth and continued success.”

PowerAdvocate delivers data-driven technology solutions that provide insight into real-time supply market conditions and that enable customers to make better and more informed operational decisions.

Bridge Capital Holdings is the holding company for Bridge Bank.

Bridge Bank focuses on the financial needs of small, middle-market and emerging technology businesses.