Daily News: October 20, 2014

SVB Renews Intellicheck Mobilisa Credit Line

Intellicheck Mobilisa signed a one-year revolving credit facility with Silicon Valley Bank for $2 million, replacing its previous credit facility with the bank.

Brian Boatman, managing director of Silicon Valley Bank’s Seattle office, stated, “We are pleased to continue our relationship with Intellicheck Mobilisa. We began working with the company three years ago, and aim to provide the right financial services at the right time as we’ve seen them build on their technologies and grow their business.”

Bill Roof, PhD, president and CEO of Intellicheck Mobilisa, said, “We are happy to have the backing of Silicon Valley Bank, and continue our banking relationship with them. They have expertise in the needs of growing technology companies and a great service orientation. We, too, are pleased that they have opted to continue to be our lender of choice as we implement our growth plans.”

Intellicheck Mobilisa is a technology company providing wireless technology and identity systems for various applications, including mobile and handheld access control and security systems for the government, military and commercial markets.