Daily News: December 4, 2014

Cima Group Closes Credit Line with BB&T

Cima Group closed a multi-million dollar line of credit with BB&T. This deal will support continued growth and expansion for all Cima Group companies, which include Auris and Cima Telecom.

In addition to the line of credit, BB&T will support merchant services for the group, as well as cash management through the company’s Treasury Services Department. This will allow Cima Group to continue to expand its businesses for all future cash flow needs.

“Cima Group has an aggressive strategic plan to escalate their global operations. At BB&T we are excited to support Cima Group as they reach this goal and become a true leader in the telecommunications industry,” stated Daniel Acevedo, SVP of BB&T.

“In this ever-changing industry which has compressed margins over time as well as fierce competition, Telecom companies require the support of the right partners. Obtaining this support from BB&T will allow us to focus on the best business opportunities, and not on cash flow restraints,” explained Juan Martin Gomez, CEO of Cima Group. “Our mission is to deliver simple solutions through reliable technology and innovative services, and to do this as a leader within the industry. With the support of BB&T we now have the ability to deliver our mission.”

Cima Group is a global telecommunication solutions provider and integrator.