News

TeamLinux announces $1M credit agreement with Silicon Valley Bank

September 30, 2004

AUSTIN, Texas - Web-enabled products provider TeamLinux Corporation and Silicon Valley Bankannounced today that Silicon Valley Bank has provided a $1 million line of credit to support Team Linux's rapid growth.

TeamLinux supplies completely integrated enterprise solutions enabled by open source/Linux technologies. Among the company offers interactive kiosks and design services, Internet appliances and other services.

Justin Metcalf, vice president of Silicon Valley Bank called the TeamLinux business plan "exciting" and said the bank was happy to support the company's accelerated growth.

TeamLinux CFO Rich Abruscato lauded Silicon Valley for having a record of supporting emerging technology companies.