Daily News: March 27, 2012

Horizon Technology Finance Commits $2.5 Million to Optaros

Horizon Technology Finance Corporation, a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech industries, announced that it has committed a $2.5 million venture loan to Optaros, Inc., a digital commerce service provider.

The funds will be used to support Optaros’s growth as it continues to create engaging customer experiences for clients who want to succeed in the digital commerce environment.

“Horizon is pleased to provide growth capital in support of Optaros’s innovative digital commerce services,” said Gerald A. Michaud, president of Horizon. “Optaros’s unique combination of systems integration expertise and creative talent enable established brands, cutting-edge retailers and other leading corporations to provide their respective customers with a more relevant and compelling digital commerce experience. We look forward to strengthening Optaros’s position for future success.”

Robert Willms, president and CEO of Optaros, stated, “We are pleased to partner with Horizon as we enter our next phase of growth as a digital commerce service provider. Horizon’s ability to provide Optaros with a customized solution to meet our unique funding needs, will allow us to accelerate our long-term growth potential within this growing market. Going forward, we remain committed to building engaging customer experiences across the digital commerce spectrum and expanding our portfolio of successful client projects.”