Daily News: November 21, 2013

Wells Fargo Provides $75MM Facility to Intelligent Decisions

Wells Fargo Capital Finance announced that its Supply Chain Finance group provided a $75 million credit facility to Intelligent Decisions that will be used for working capital and growth purposes.

“As a leading provider of innovative IT solutions, I am delighted to have been able to establish a channel financing program for Intelligent Decisions, giving them the liquidity they needed to grow and increase their purchasing power,” said Robert Wagner, managing director, Supply Chain Finance, Wells Fargo Capital Finance. “We look forward to strengthening and deepening our relationship with such a leading brand in the IT solutions sector.”

“We are pleased to work with Wells Fargo Capital Finance on this credit facility,” said Harry Martin, president and CEO of Intelligent Decisions. “They brought us the solutions that will further strengthen our liquidity and provide additional flexibility to continue our strategic initiatives.”

Ashburn, VA-based Intelligent Decisions provides IT solutions for clients that include the federal government. It has been ranked on the Washington Post “Post 200,” Washington Business Journal’s “50 Fastest Growing Companies” as a leading technology solutions provider, and CRN’s “VAR 500″ and “Tech Elite 250.”