Horizon Technology Finance Provides $5 Million Venture Loan Facility to Decisyon
FARMINGTON, Conn. and STAMFORD, Conn., March 4, 2013 /PRNewswire/ -- Horizon Technology Finance Corporation (Nasdaq: HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech industries, today announced that it has provided a $5 million venture loan facility to Decisyon, Inc. ("Decisyon"), a provider of collaborative enterprise software solutions to Global 1000 companies. The funds provided under the facility will be used to support the company's expansion.
Gerald A. Michaud, President of Horizon, stated, "Decisyon has created an innovative IT platform for building analytics applications which empower global corporations to integrate analysis, planning and execution in a unified collaborative environment. The company's advanced technology and strong customer base of top global brands, combined with its experienced management team and notable sponsors, provide an attractive investment opportunity for Horizon. We look forward to partnering with Decisyon as the company expands its presence across the U.S."
Tom Cowan, Chief Executive Officer of Decisyon, stated, "The $5 million venture loan facility from Horizon provides additional growth capital to expand our operations in the U.S. and drive future sales. Horizon's team of experts worked diligently to complete this transaction in a timely fashion and exceeded our expectations. We are pleased to have Horizon as a financing partner during this important stage for our company."
About Horizon Technology Finance
Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries. The investment objective of Horizon Technology Finance is to maximize total risk-adjusted returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants to purchase the equity of portfolio companies. Headquartered in Farmington, Connecticut, with regional offices in Walnut Creek, California and Reston, Virginia, the Company is externally managed by its investment advisor, Horizon Technology Finance Management LLC. Horizon's common stock trades on the NASDAQ Global Select Market under the ticker symbol, "HRZN." In addition, the Company's 7.375% Senior Notes due 2019 trade on the New York Stock Exchange under the ticker symbol "HTF." To learn more, please visit www.horizontechnologyfinancecorp.com.
Decisyon's unique software allows its customers to drive significant financial and operational benefits by quickly discovering the key factors affecting business issues and processes, collaborating and deciding on the best course of action, and executing activities that optimize impact. Its diverse Global 1000 customers include many of the most respected pharmaceutical, banking, manufacturing, media and fashion companies. Additional information is available on the company's websites: www.decisyon.com and www.eccecustomer.com.
Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These statements 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. The Company 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.
SOURCE Horizon Technology Finance Corporation