Daily News: April 29, 2015

Square 1 Provides VisiQuate Facility

Square 1 Bank announced it provided a credit facility to VisiQuate. Proceeds will be used to provide additional working capital and drive company growth.

“VisiQuate is proud to partner with the Square 1 Bank team in our mission to use analytics. We turn the confusion of unfiltered Big Data into a series of actionable insights that are available to users at all levels of the enterprise,” said Brian Robertson, CEO of VisiQuate. “The solutions we deploy today are personalized for individual users and their roles, from the C-suite to the cubicle. By democratizing data across the enterprise and featuring capabilities like right-click worklisting, our analytics lead to advanced performance outcomes for users in measurable ways every day.”

Andy Weyer, SVP in Square 1 Bank’s Bay Area practice, added, “VisiQuate was originally referred to Square 1 by our trusted partners at First Analysis. We were attracted to the company’s solid business fundamentals, enormous market opportunity around actionable business intelligence products and experienced management team. Our team moved quickly to provide a competitively priced debt facility to refinance VisiQuate’s existing working capital facility and support the Company’s growth financing needs with ample structural flexibility. We are proud to be VisiQuate’s banking partner and look forward to supporting the company’s future growth.”

Santa Rosa, CA-headquartered VisiQuate offers proven solutions that manage the volume, variety, and velocity of Big Data.