Daily News: June 6, 2012

Wells Fargo Provides $5 Million Financing to Dedicated Media

Dedicated Media, Inc., a provider of online media services with offices in Los Angeles, San Francisco and New York, announced that it has secured a $5 million credit facility with Wells Fargo’s Technology and Venture Banking Group. The credit facility will be used to support working capital and fund expansion as the company continues to grow market share.

“As we continue to grow and expand we are pleased to partner with bankers that know our business and industry so well,” said Scott Yamano, president and CEO, Dedicated Media, Inc. “Wells Fargo’s Tech and Venture Banking Group demonstrated a deep understanding of our business model in addition to providing a world-class banking platform that we can leverage to drive operational efficiencies.”

“Dedicated Media is clearly a leader in targeted online advertising and we are very pleased to have the opportunity to work with the team,” said Mark Breneman, senior vice president in Wells Fargo’s Technology and Venture Banking Group. “We look forward to continuing to support their growth and success.”

Dedicated Media is a customer acquisition platform that operates on every level of the intent funnel.

The Wells Fargo Technology and Venture Banking Group is a specialized business unit within the Wells Fargo Commercial Bank dedicated to providing customized banking solutions to technology and life science companies at every stage of growth.