Daily News: May 29, 2014

SVB Secures $3.5MM Bit Stew Credit Facility

Bit Stew Systems announced the closing of a $3.5 million credit facility with Silicon Valley Bank.

“We are pleased to be supporting Bit Stew, a company that is at the forefront of a burgeoning technology in the Industrial Internet of Things space for utilities,” said Minh Le, managing director with SVB. “We are thankful to be in a position to help companies that are making a big difference as they scale and grow.”

Bit Stew Systems is a provider of integrated, real-time network operations solutions for the utility industry.