CIBC Innovation Banking Provides Vbrick Systems Inc. with a US$6 Million Growth Financing
04 Juni 2020 - 3:00PM
Business Wire
CIBC Innovation Banking is pleased to announce a US$6 million
revolving credit facility for Virginia-based Vbrick Systems Inc.
(“Vbrick”), an industry-leading provider of video platform
solutions. With operations in North America, Europe and Australia,
the credit facility will be used to accelerate its rapid growth
trajectory with investments in new customer acquisition and product
innovation.
Founded in 1998, Vbrick enables organizations to engage
employees and clients through video. Its industry-leading
enterprise platform Rev is a complete solution for businesses to
capture, manage and securely distribute live and on-demand video
globally to any device.
“An organization’s ability to offer a secure video platform to
thousands of users is crucial in today’s environment,” said Paul
Gibson, Managing Director in CIBC Innovation Banking’s Mid-Atlantic
office. “We are pleased to support Vbrick as organizations
increasingly shift towards working remotely.”
“CIBC Innovation Banking understands the market growth potential
as companies invest in digital workplace technology,” said Shelly
Heiden, CEO, Vbrick. “We are excited to work together as we
accelerate across the globe.”
Vbrick is currently backed by Morgan Stanley Expansion Capital
and Acme Nova Partners and has strategic partnerships with Cisco
Systems, AWS, Red Hat, Zoom, and Citrix.
About CIBC Innovation Banking CIBC Innovation Banking
delivers strategic advice, cash management and funding to North
American innovation companies at each stage of their business
cycle, from start up to IPO and beyond. With offices in Atlanta,
Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and
Vancouver, the team has extensive experience and a strong,
collaborative approach that extends across CIBC’s commercial
banking and capital markets businesses in the U.S. and Canada.
About Vbrick Vbrick enables organizations to leverage the
power of video to engage, empower and transform. Our
industry-leading Rev enterprise video platform is a complete
solution for businesses to capture, manage and securely distribute
live and on-demand video globally at scale to any device. The
world’s most widely recognized brands adopt Vbrick solutions to
overcome network complexity and risk to meet critical live video
needs from CEO all-hands meetings to team broadcasts and to support
innovative uses of on-demand recorded videos for sales, marketing,
training, compliance, security, and user-generated content. Vbrick
solutions integrate with and complement unified communications
systems and provide the analytics and intelligence to maximize
return on video investments. To learn more, visit
www.vbrick.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200604005019/en/
Kathryn Lawler, kathryn.lawler@cibc.com, 416-242-1943
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