News Column

Business Capital Secured Mezzanine Financing for Silicon Valley Software & Services Company

June 5, 2014



By a News Reporter-Staff News Editor at Computer Weekly News -- Business Capital congratulates Memeo on its successful sale to GLOBAL Unicom, effective March 31, 2014. Previously, Business Capital had helped structure and secure a mezzanine credit facility for Memeo Inc., a leading Silicon Valley technology venture capital backed company that successfully built a global and extensible cloud-based mobile platform enabling digital file sharing, synchronization and back-up for smartphones, tablets, personal computers, and laptops.

Memeo positioned itself for an acquisition in order to capitalize on consolidation trends in the cloud storage and collaboration market. Company CEO, George Northup, engaged the firm to help raise Mezzanine Capital prior to an exit. The financing delivered by Business Capital allowed Memeo to continue to grow and operate without interruption, further improve their balance sheet and led to a successful sale to GLOBAL Unicom.

"Business Capital was an invaluable adviser and helped Memeo quickly identify and put in place its pre-acquisition financing. They moved at warp speed and did an amazing job," said Northup.

Business Capital is a leading commercial finance and debt restructuring firm specializing in securing customized debt based solutions for rapidly growing as well as challenged small and middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.

Keywords for this news article include: Software, Business Capital.

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Source: Computer Weekly News


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