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Square 1 Bank Announces Credit Facility to iCharts, Inc.

SAN FRANCISCO, Jan. 12, 2015 (GLOBE NEWSWIRE) -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to iCharts, Inc., an industry leader in collaborative visual intelligence. Proceeds of the credit facility will help to support iCharts' continued growth and creation of visual analytics tools for thousands of users worldwide.

Located in Sunnyvale, CA, iCharts' cloud-based Foresight Visual Analytics Platform enables rapid visualization of complex business information, large-scale research and dynamic data sets. The software scales to meet the demands of 10 or 10,000 users, supports numerous technology ecosystems and empowers NetSuite and Salesforce users to create intuitive and engaging visuals natively in their environment.

"Evolving our product to deliver solutions that meet the key needs of our customers and making them successful continue to be our top priorities," said Seymour Duncker, iCharts founder and chief executive officer. "Square 1 Bank clearly shares our focus on customer success. We are grateful for their partnership and support of our growth in this emerging market."

Ron Kundich, founder and senior vice president of Square 1 Bank added, "iCharts is led by experienced technology professionals who have developed collaborative and comprehensive visual analytics tools. Their unique alliance with NetSuite and other ongoing development efforts bode well for continued growth over the next several years. We look forward to being their banking partner every step of the way."

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Denver, Durham, Los Angeles/Orange County, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.

About iCharts

Based in Sunnyvale, Calif., iCharts is the unrivaled leader in Collaborative Visual Intelligence, trusted by leading brands such as The Coca-Cola Company, IDC and MarketWatch. Its cloud-based, Foresight Analytics Platform, empowers rapid visualization of complex business information, large scale research and dynamic data sets. Its simple, easy-to-implement solutions empower users to rapidly create, distribute and collaborate via comprehensive dashboards, interactive reports and intuitive charts. Data Insights and Intelligence are rapidly distributed and disseminated, delivering knowledge and empowering decisions. Visit http://www.icharts.net/ for more information.

CONTACT: Media Contact: Square 1 Bank Dee McDougal 919.597.7479 dmcdougal@square1bank.com

Source:Square 1 Financial