FARMINGTON, Conn. and
NEW YORK, April 3, 2017 /PRNewswire/ -- Horizon
Technology Finance Corporation (NASDAQ: HRZN) ("Horizon")
("Company"), a leading specialty finance company that provides
capital in the form of secured loans to venture capital backed
companies in the technology, life science, healthcare information
and services, and cleantech industries, announced today it has
closed a $12 million venture loan to
IgnitionOne, Inc. ("IgnitionOne").
IgnitionOne, a leading digital marketing and services provider
and one of the largest independent marketing technology companies
in the world, is backed by top investors including ABS Capital
Partners and SoftBank Capital. IgnitionOne will use the proceeds
for general working capital purposes.
"We are pleased to provide IgnitionOne with this growth
capital," said Gerald A. Michaud,
President of Horizon. "The company's proprietary, Score-Powered
Marketing technology analyzes consumers' online and shopping
behavior, enabling marketers to effectively target specific
audiences throughout the digital ecosystem and deliver personalized
marketing at scale. This debt financing will support IgnitionOne's
continued development of its award-winning, digital marketing
platform."
Will Margiloff, CEO of
IgnitionOne, stated, "Horizon's experienced team of venture lending
professionals provided us an attractive source of capital to drive
IgnitionOne's future growth. With this venture loan, we will
continue to expand our market presence while developing new,
innovative technologies that maximize first-party data while
building and optimizing stronger audiences."
About Horizon Technology Finance
Horizon Technology
Finance Corporation is a leading specialty finance company that
provides capital in the form of secured loans to venture capital
backed companies in the technology, life science, healthcare
information and services, and cleantech industries. The investment
objective of Horizon is to maximize its investment portfolio's
return by generating current income from the debt investments it
makes and capital appreciation from the warrants it receives when
making such debt investments. Headquartered in Farmington, Connecticut, Horizon has regional
offices in Pleasanton, California,
Reston, Virginia and Boston, Massachusetts. Horizon's common stock
trades on the NASDAQ Global Select Market under the ticker symbol
"HRZN". To learn more, please visit www.horizontechfinance.com.
About IgnitionOne
IgnitionOne offers technology and
services that help marketers win. The company focuses on
intelligent audience creation, real-time cross-channel scoring, and
robust optimization – providing a layer for smarter marketing
decisions and deeper insights, whether through native IgnitionOne
solutions such as Search, Display, Email, and Website
Personalization – or through customers' pre-existing marketing
technology.
With a global footprint of over 450 employees in 10 countries,
IgnitionOne is one of the largest independent marketing technology
companies in the world, currently scoring over 300 million users
monthly in 75 countries and powering more than $60 billion in revenue each year for leading
brands, including General Motors, CenturyLink, Bridgestone,
La Quinta and Acer, as well as
advertising agencies such as 360i, GroupM and ZenithOptimedia. For
more information, please visit www.ignitionone.com or follow the
company on Twitter @ignitionone.
Forward-Looking Statements
Statements included
herein may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in our filings with the Securities and Exchange Commission.
Horizon undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
Contacts:
|
|
Horizon Technology
Finance
|
Investor Relations
and Media Contacts:
|
Daniel R.
Trolio
|
The IGB
Group
|
Chief Financial
Officer
|
Scott Eckstein / Leon
Berman
|
(860)
674-9977
|
(212) 477-8261 /
(212) 477-8438
|
dtrolio@horizontechfinance.com
|
seckstein@igbir.com /
lberman@igbir.com
|
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SOURCE Horizon Technology Finance Corporation