SAN JOSE, CA — (Marketwire) — 03/28/13 — Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary, Bridge Bank, National Association, a full-service professional business bank headquartered in Silicon Valley with offices located nationwide, announced today that it has provided Fiksu with an initial $5 million line of credit to support their rapid growth.
“Bridge Bank is a valued and flexible financing partner, providing the capital fuel for Fiksu-s expanding global presence and our burgeoning adoption by leading brands that rely on our technology and expertise to drive efficient, large-scale app marketing programs,” said Micah Adler, Fiksu founder and CEO.
Fiksu is the developer of the award winning Fiksu Mobile App Marketing Program that combines advanced media optimization technology with the world-s largest app media inventory — the industry-s only mobile app loyal user growth platform.
Leading brands like T-Mobile, Groupon, VH1, Barnes & Noble, Gilt, and Hearst Magazines, along with scores of today-s hottest game developers, are among the many savvy mobile advertisers that have already turned to Fiksu to help them achieve their mobile app marketing goals.
“As applications and content shift to mobile platforms at a rapid pace, brands are searching for ways to increase engagement with consumers. Fiksu is the market leader at driving application downloads by engaged users and delivering tremendous results for application developers and publishers,” said Dick Sweeney, senior vice president and market manager in Bridge Bank-s Technology Banking Division.
Bridge Bank is dedicated to meeting the needs of emerging growth technology companies across the U.S., with offices in the Silicon Valley, Dallas, Reston and Boston. The bank is a High Plus Authority Lender for the Export-Import Bank of the United States, and offers a full suite of international banking products including foreign exchange, letters of credit, export-import credit solutions and a newly launched multi-currency payment management system.
, Inc. helps leading brands optimize their iOS and Android mobile app marketing campaigns and secure large volumes of loyal users. The company-s flagship platform, , spans the entire mobile ecosystem providing the most cost-effective, predictable and intelligent mobile advertising solution, slashing user acquisition costs and ensuring sustained user engagement. Additionally, Fiksu offers , an app discovery platform where users are rewarded. Based in Boston, Mass., Fiksu is venture-backed by Qualcomm Ventures and Charles River Ventures. More at , and on the .
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on the NASDAQ stock market under the trading symbol BBNK. Bridge Bank Holding Company was recently admitted to Sandler O-Neill-s Class of 2012 “Sm-All Stars” — a select group of 25 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2 billion. For additional information, visit the Bridge Capital Holdings website at .
Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. A less bank-like way to bank. We provide a surprisingly broad range of financial solutions, enabling us to meet our clients- varied needs across all stages — from inception to IPO and beyond. It-s how we go about doing so that differentiates us from our competition.
Learn more at the new . Follow us @BridgeBank.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management-s judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management-s views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.
Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company-s ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company-s operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.
The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings- annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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