Daily News: January 4, 2012

Graystone Capital Provides A/R Credit Line to Code Green Networks

Graystone Capital has recently provided an accounts receivable line of credit to Code Green Networks, Inc., a provider in advanced data loss prevention (DLP) solutions. The company’s products deliver data loss prevention solutions that protect private employee and customer information and safeguard intellectual property across all electronic communications channels.

The company’s easy-to-deploy, easy-to-manage content inspection appliances rapidly detect and prevent potential data leaks, helping organizations automate compliance and mitigate risks from internal breaches that can result in loss of revenue, financial penalties and irreparable damage to a corporation’s image, brand and customer loyalty.

Code Green Networks will utilize the line of credit to support the growth of its scalable platform. “We are pleased to be affiliated with this dynamic software solution provider company that helps protect vital data, particularly for the healthcare and financial industries,” said, Kevin O’Hare CEO of Graystone Capital.

Rhett Ohlson, VP of Finance for Code Green Networks, commented that the line of credit would help to facilitate the aggressive growth of the company via internally generated cash flow and more efficiently bridge the funding gaps associated with ramping revenues.

Graystone Capital is a privately held commercial finance that specializes in asset-based lending services designed to support the growth of American companies.