Silicon Valley Bank acted as lead agent for a $50 million revolving credit facility to offer GENBAND additional working capital and enhanced financial flexibility.

Plano, TX-based GENBAND has grown from a single-product startup to a global software and communications technology company.

“We selected SVB as our new corporate banking partner because they can provide us with the enhanced customized resources and capabilities that we need to keep up with the rapid growth we are experiencing,” said Daryl Raiford, CFO at GENBAND. “Our new relationship with SVB allows us to continue in our quest of constantly seeking ways to better serve our customers, improve efficiencies and offer best-in-class solutions.”

“We’re pleased to partner with GENBAND to support the company’s continued growth,” said Robert Clouse, SVB director of Corporate Finance in Dallas. “GENBAND has achieved impressive growth over time and is guided by a leadership team that is focused on constant innovation. Our objective is to provide the GENBAND team with the right financing, connections and global services that it needs to be most successful.”