SAN JOSE, Calif., Dec. 2, 2016 /PRNewswire/ -- Silicon Valley
Bank, the bank of the world's most innovative companies and their
investors, today announced that it has provided a $25 million revolving line of credit to A10
Networks (NYSE: ATEN), a leader in application networking and
security. The credit facility provides A10 Networks with access to
additional working capital when needed for general corporate
purposes.
Greg Straughn, A10 Networks'
chief financial officer, commented, "SVB is a valued partner to A10
Networks. They truly understand our business and are providing us
with financing solutions and services to support our long-term
growth."
"We're pleased to expand our relationship with A10 Networks,"
said Alina Zinchik, director for
Silicon Valley Bank in San
Francisco. "A10 has an impressive portfolio of application
networking technologies that are allowing organizations to enhance
the performance, speed and security of their data center
applications and networks. Silicon Valley Bank aims to provide the
optimal services, insights and solutions to support A10's
growth."
About Silicon Valley Bank
For more than 30 years,
Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted
financial services and expertise through its offices in innovation
centers around the world. With commercial, international and
private banking services, SVB helps address the unique needs of
innovators. Learn more at svb.com.
©2016 SVB Financial Group. All rights reserved. Silicon
Valley Bank is the California bank
subsidiary of SVB Financial Group. Silicon Valley Bank is a member
of FDIC and Federal Reserve System.
About A10 Networks
A10 Networks (NYSE: ATEN) is a
leader in application networking and security, providing a range of
high-performance application networking solutions that help
organizations ensure that their data center applications and
networks remain highly available, accelerated and secure. Founded
in 2004, A10 Networks is based in San
Jose, Calif., and serves customers globally with offices
worldwide. For more information, visit: www.a10networks.com and
@A10Networks.
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SOURCE Silicon Valley Bank