FARMINGTON, CT and CHATTANOOGA, TN, United States, via ETELIGIS INC., 12/23/2014 – – Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), 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, today announced it has closed a venture loan facility for SIGNiX, Inc. (“SIGNiX”), a leading provider of secure digital signatures. SIGNiX will use the proceeds for working capital purposes.
“SIGNiX is a strong addition to Horizon’s loan portfolio,” stated Gerald A. Michaud, President of Horizon. “We believe with its advanced, secure digital signature technology, notable customer and partner base and market leadership, SIGNiX is poised for substantial future growth. We are pleased to provide SIGNiX with a venture loan, which will enhance the company’s ability to maintain and accelerate its strong market momentum.”
Jay Jumper, President and Chief Executive Officer of SIGNiX, stated, “This significant venture loan from Horizon strengthens our financial position to help us meet our strategic goals and drive future sales. We appreciate the support of Horizon during this important stage for our company and look forward to working with the Horizon team as we continue to meet the growing demand for our digital signature products.”
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 total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, Horizon has regional offices in Walnut Creek, California and Reston, Virginia. Horizon’s common stock trades on the NASDAQ Global Select Market under the ticker symbol "HRZN". To learn more, please visit www.horizontechnologyfinancecorp.com.
SIGNiX, headquartered in Chattanooga, Tenn., makes signing documents online safe and secure. SIGNiX offers the only independently verifiable cloud-based digital signature solution, which combines convenience with best-in-class security. SIGNiX’s products help the world’s leading companies become more efficient, decrease risk and boost profits. To learn more, please visit www.signix.com.
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.
Horizon Technology Finance
Christopher M. Mathieu
Chief Financial Officer
Investor Relations and Media Contacts:
The IGB Group
Matt Steinberg / Leon Berman
(212) 477-8261 / (212) 477-8438
msteinberg / lberman
SOURCE: Horizon Technology Finance Corporation