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Article: Core180 Gains $2.5 Million in Financing to Support Growth.
- Article from:
- Business Wire
- Article date:
- November 24, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Revenue has Grown 400 Percent in Past Year
FAIRFAX, Va. & HOBOKEN, N.J. -- Core180, the leading telecommunications network integrator, today announced it has received $2.5 million line of credit from Silicon Valley Bank to be used to support Core180's operational growth.
"Core180 has had a tremendous year, having grown by more than 400 percent," said Core180 CEO David Baule. "We continue to grow successfully, despite the current economic climate, as our clients recognize the cost savings and ease-of-use afforded by our platform."
"SVB is extremely proud of Core180's success thus far," said Michael Moretti of Silicon Valley Bank. "We ...