SAN JOSE, CA — (Marketwired) — 04/09/15 — Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that it has expanded its relationship with Certent, Inc., a client since 2008, with a $6.5 million recurring revenue line of credit facility.
Certent, Inc. (formerly known as Equity Administration Solutions, Inc. or EASi) founded in 2002 and based in Pleasanton, CA, is a leading provider of equity compensation and financial disclosure software-as-a-service (SaaS) solutions. Certent–s web-based platform streamlines internal and external reporting, automates stock plan processes, and simplifies SEC regulatory compliance for both XBRL and HTML while additionally offering full outsourcing of financial compliance and stock plan management.
“We are excited for the opportunity to continue to support Certent through their growth initiatives,” said Peter Haman, relationship manager in Bridge Bank–s Technology Banking team. “Certent–s impressive customer growth and product expansion further solidifies their position as a leading provider in the equity compensation and regulatory compliance market,” he added.
“Certent has been experiencing rapid growth in recent years. In 2014 we saw a 50% increase in new software bookings and a 100% increase in new service bookings,” said Certent vice president and controller, Tami Giovanni. “We need a bank that can keep up with that growth and be there for us, ready when we need to move quickly. Bridge Bank has been that bank,” she added.
About Bridge Bank, National Association
Recognized by The Findley Reports as a Super Premium Performing Bank, and designated “Superior” by BauerFinancial and IDC, 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. Our technology banking division provides a broad range of financial solutions to venture-backed and non-venture-backed companies, enabling us to meet our clients– varied needs across all stages of business life. It–s how we go about doing so that differentiates us from our competition. Bridge Bank–s product offering includes growth capital, equipment and working capital credit facilities and treasury management solutions, along with a full line of international products and services and financing secured by domestic, government and foreign receivables. Learn more at the new . Follow us @BridgeBank.
About Bridge Capital Holdings
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 2014 “Sm-All Stars” — a select group of 35 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2.5 billion. For additional information, visit the Bridge Capital Holdings website at .
About Certent
Since 2002, Certent has been making it easier for companies to meet their financial compliance requirements. Certent–s user-friendly, web-based technology streamlines equity plan management, financial reporting for ASC718, and financial filings (in XBRL and HTML) with the U.S. SEC. With technology based on in-depth accounting expertise, an open ecosystem of industry partners, and an expert services organization focused on customer success, Certent has helped more than 1,300 companies worldwide innovate their financial compliance processes. For more information, visit .
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.
You must be logged in to post a comment Login