Daily News: October 30, 2013

Bridge Bank Provides Credit Line to NextDocs

Bridge Capital Holdings, whose subsidiary is Bridge Bank, announced that it provided a $3 million line of credit to NextDocs.

“When NextDocs came to us for working capital support we were able to assess their business and mold this customized line of credit to fit their needs,” said Elizabeth Orsinger, vice president and relationship manager in Bridge Bank’s Technology Banking Division. “We were very impressed by the stellar list of their highly satisfied customers enabling their growth and success to date. We are confident that the company is poised for continued success and we are excited to be a
part of that story.”

“We turned to Bridge Bank for this line of credit because they were able to fully understand our business model and craft a solution that aligns with our goals going forward,” said Zikria Syed, CEO for NextDocs. “As NextDocs continues to execute on our growth plan, we will use this line of credit to help us continue the steady investment in our products and services so our customers can get the most value from their investment in NextDocs.”

NextDocs is a global provider of regulated content management and compliance solutions for life sciences organizations.