Square 1 Bank deploys VentureDeal's venture capital database
25 July 2007 | 1421 views | 0
Venture capital database company VentureDeal today announced that Square 1 Bank, a nationwide venture lending bank, has deployed its on-demand venture capital database throughout its organization.
Square 1 Bank selected the VentureDeal database to provide real-time information to lending officers based in major technology hubs nationwide. Previous solutions required centralized management in order to keep costs under control. With VentureDeal, users throughout the organization can have full visibility into all technology companies, venture capital firms and transactions contained in the database, at a more reasonable cost per seat.
"VentureDeal is a comprehensive and cost-effective resource for venture industry firms such as Square 1 Bank who need current venture capital finance and M&A information," said Don Jones, VentureDeal's CEO. "Capabilities like complete viewing access to the entire database, customizable transaction email alerts and corporate account capabilities make it a flexible and user-friendly service. At only $25 per month per user, VentureDeal allows companies to distribute its service throughout their organization, reaping the full benefit of early stage venture capital intelligence."
"VentureDeal assists Square 1 by providing access to vital market intelligence in support of our singular focus on serving venture capital firms and the companies they back," said Robert Orr, head of Strategy and Marketing at Square 1 Bank. "After initial testing, we made the service available by request and currently have 70 percent of our lending officers voluntarily using the service. The ability to have real-time access to detailed information adds to our competitive advantage in this fast-moving industry."