Pacific Mercantile Bank increased the credit facility for Neudesic to $5 million.

The expanded line of credit was designed to support Neudesic’s rollout of several Software as a Service (SaaS) products in the next 24 months.

Neudesic also utilizes a full suite of Pacific Mercantile Bank’s cash management services, including the bank’s online foreign exchange wire capability.

Neudesic’s consultants bring business and technology expertise together to drive enterprise performance through custom application solutions, comprehensive managed service and intelligent products.

“Our commitment to delivering world-class solutions to meet the increasing demand for digital evolution in the fast paced world of competitive business has driven our exceptional growth over the past few years,” said Parsa Rohani, CEO of Neudesic. “Pacific Mercantile has been a great banking partner for us and the increase in our line of credit will support the continued development and rollout of new SaaS products in the coming years.”