Daily News: May 18, 2012

Horizon Technology Finance Closes $1.5MM Loan to StreamBase

Horizon Technology Finance, a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, closed a $1.5 million venture loan to StreamBase Systems, a provider of high-performance Complex Event Processing (CEP). The funds will be used to support the growth and expansion of the StreamBase business.

Gerald A. Michaud, president of Horizon, stated, “We are pleased to provide this venture loan to StreamBase in support of the company’s strong market position and attractive growth prospects. StreamBase is a leader in Complex Event Processing, with a significant customer base and strong revenue growth. With our continued support, the company will now invest additional capital to grow their new real-time analytics platform, StreamBase LiveView.”

Mark Palmer, CEO of StreamBase, stated, “Horizon’s flexible financing solutions and extensive knowledge of our industry provide an ideal partner for our company. We appreciate Horizon’s ongoing support as we invest in development and marketing of StreamBase LiveView, our new push-based real-time analytics platform.”