CIBC Innovation Banking, the technology lending arm of Canadian bank CIBC, has provided a US$6 million credit facility to Vbrick Systems, a Herndon, Virginia-based live streaming and video content management solutions provider. Vbrick’s investors include Morgan Stanley Expansion Capital and Acme Nova Partners.
PRESS RELEASE
CIBC Innovation Banking Provides Vbrick Systems Inc. with a US$6 Million Growth Financing
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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