CIBC Innovation Banking provided a $6 million revolving credit facility to Virginia-based Vbrick Systems, a provider of video platform solutions. Vbrick will use the credit facility to accelerate its growth trajectory with investments in new customer acquisition and product innovation.
With operations in North America, Europe and Australia, Vbrick enables organizations to engage employees and clients through video. Its enterprise platform Rev allows businesses to capture, manage and securely distribute live and on-demand video globally to any device.
“An organization’s ability to offer a secure video platform to thousands of users is crucial in today’s environment,” Paul Gibson, managing director in CIBC Innovation Banking’s Mid-Atlantic office, said. “We are pleased to support Vbrick as organizations increasingly shift towards working remotely.”
“CIBC Innovation Banking understands the market growth potential as companies invest in digital workplace technology,” Shelly Heiden, CEO of Vbrick, said. “We are excited to work together as we accelerate across the globe.”
Vbrick is currently backed by Morgan Stanley Expansion Capital and Acme Nova Partners and has strategic partnerships with Cisco Systems, AWS, Red Hat, Zoom and Citrix.
CIBC Innovation Banking delivers strategic advice, cash management and funding to North American companies.
