Daily News: May 8, 2015

Bridge Bank Increases Sysorex Credit Line

Bridge Capital Holdings announced that its Capital Finance Banking team has amended its revolving credit facility with Sysorex, a leading provider of Big Data software analytics and infrastructure solutions, to increase the credit limit from $6 million to $10 million and extend a new term loan in an aggregate principal amount of $2 million.

“By providing turnkey, end-to-end data analytics and IT infrastructure solutions, Sysorex is able to assist its clients by driving value and simplifying an increasingly complex business environment,” said David Feiock, VP in Bridge Bank’s capital finance banking group. “We are thrilled to continue our partnership with the Sysorex team as they execute on their technology roadmap and growth initiatives, and expand their customer base.”

Sysorex is a developer of big data analytics, mobile device solutions for enterprise and government customers worldwide.