News

Business transaction management (BTM) software start-up OpTier Inc.has raised $63 million in its fourth financing round. $15 million of the round is in the form of a credit line from Plenus Venture Lending.

lenus Mezzanine, Israel’s leading Mezzanine fund, granted a 12 month $9.3mm Credit Line to Soda Club, the world’s largest manufacturer of home-based soda makers. Soda Club intends to use the Credit line to fund the expansion of its international activities and has the right to extend the Credit Line term by two years.

Plenus Venture Lending, Israel’s leading venture lending fund which provides credit facilities to high-tech companies, granted a $7mm credit facility to GigaSpaces Technologies, a leading provider of scale-out and cloud-based application servers for Java, .Net and C++ environments. This financing will allow the company to further expand its operations in Asia, Europe and the US to meet an unprecedented demand for its technology across all geographical areas, and a growing adoption in new, mainstream industries such as retail, travel and logistics, online commerce and marketing, online gaming, web 2.0 and social networks.

Plenus Venture Lending, Israel’s leading venture lending fund which provides credit facilities to high-tech companies, announced today that it has granted a $5mm loan to Press-sense, a market leader in business workflow automation solutions to the Print Industry. Press-sense also supplies print providers with enhanced communication lines with their customers enhancing customer loyalty and improving revenues and profitability.

Plenus, the leading Venture Lending Fund in Israel providing credit facilities to high-tech companies, granted a $2.5mm Credit Facility to RADCOM (NASDAQ/TASE: RDCM), a leading network test and service monitoring solutions provider. One of RADCOM’s prominent products, Omni-Q, offers an effective combination of signaling service quality monitoring and troubleshooting, together with advanced, in-depth media analysis.

Plenus Venture Lending Fund has granted a further $7 million credit line to WAN technologies company Expand Networks Ltd.