Horizon Tech Provides $5MM Venture Facility to Decisyon
Horizon Technology Finance, a leading specialty finance company, provided a $5 million venture loan facility to Decisyon, a provider of collaborative enterprise software solutions to Global 1000 companies. The funds provided under the facility will be used to support the company’s expansion.
Gerald A. Michaud, president of Horizon, stated, “Decisyon has created an innovative IT platform for building analytics applications which empower global corporations to integrate analysis, planning and execution in a unified collaborative environment. The company’s advanced technology and strong customer base of top global brands, combined with its experienced management team and notable sponsors, provide an attractive investment opportunity for Horizon. We look forward to partnering with Decisyon as the company expands its presence across the U.S.”
Tom Cowan, CEO of Decisyon, stated, “The $5 million venture loan facility from Horizon provides additional growth capital to expand our operations in the U.S. and drive future sales. Horizon’s team of experts worked diligently to complete this transaction in a timely fashion and exceeded our expectations. We are pleased to have Horizon as a financing partner during this important stage for our company.”
Horizon Technology is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services and clean-tech industries.