Square 1 Bank Announces Credit Facility to SparkPost
PacWest Bancorp (PACW)
Last pacwest bancorp earnings: 4/21 07:00 am
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Source: GlobeNewswire
DURHAM, N.C., March 21, 2017 (GLOBE NEWSWIRE) -- Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $10.5 million credit facility to new client SparkPost, a leading cloud email infrastructure provider. Proceeds from the facility will provide working capital for ongoing company initiatives. Through its cloud email delivery service, SparkPost provides the deliverability, security, reliability, speed and insight needed to drive superior customer engagement to over 20,000 active users ranging from small startups to major technology companies. The company is responsible for sending over three trillion messages per year – more than 25 percent of the world’s legitimate emails – and has experienced a continuous increase in volume each month since its inception. “As the only full-featured cloud email delivery service built on Amazon Web Services (AWS), we can focus on continuing to innovate the world’s best cloud email delivery platform instead of hav
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