Silicon Valley Bank Provides $25 Million Line for A10 Networks

 

SAN JOSE -– Silicon Valley Bank has agreed to provide a $25 million revolving line of credit to publicly-traded A10 Networks (NYSE: ATEN), a leader in application networking and security. The credit facility provides A10 Networks with access to additional working capital when needed for general corporate purposes.

A10 Networks is headquartered in San Jose and has over 800 employees.

Greg Straughn, A10 Networks’ chief financial officer, said, “SVB is a valued partner to A10 Networks. They truly understand our business and are providing us with financing solutions and services to support our long-term growth.”

“We’re pleased to expand our relationship with A10 Networks,” said Alina Zinchik, director for Silicon Valley Bank in San Francisco. “A10 has an impressive portfolio of application networking technologies that are allowing organizations to enhance the performance, speed and security of their data center applications and networks. Silicon Valley Bank aims to provide the optimal services, insights and solutions to support A10’s growth.”