Horizon Technology Finance provides venture loan facility to digital signature company
Chattanooga, TN -- (SBWIRE) -- 01/15/2015 -- SIGNiX, the leading provider of secure digital signatures, today announced the closing of its largest round of funding to date with the addition of Horizon Technology Finance as an investor. SIGNiX will use the proceeds to expand its market presence, secure key partnerships and advance sales initiatives in the United States and in international markets.
"This significant venture loan from Horizon will help us meet our strategic goals and drive future sales," said Jay Jumper, president and CEO of SIGNiX. "We appreciate the confidence Horizon has expressed in our technology and our team."
SIGNiX's cloud-based digital signature service is fundamentally different than its competitors by leveraging the most secure and legally defensible digital signatures available at a fraction of the cost of paper processes. This technology exceeds industry regulations set by the Internal Revenue Service, the Food and Drug Administration, FINRA, SAFE Bio-Pharma, the SEC, HIPAA, the European Union and many more. SIGNiX's digital signatures are based on international standards and are legally accepted around the world.
"SIGNiX is a strong addition to Horizon's loan portfolio," stated Gerald A. Michaud, President of Horizon. "We believe with its advanced, secure digital signature technology, notable customer and partner base and market leadership, SIGNiX is poised for substantial future growth. We are pleased to provide SIGNiX with a venture loan, which will enhance the company's ability to maintain and accelerate its strong market momentum."
SIGNiX, the most trusted name in digital signatures, makes signing documents online safe and secure. SIGNiX's cloud-based service uses patented technology to give businesses the most secure and legally defensible digital signatures available at a fraction of the cost of paper. SIGNiX's products help the world's leading companies become more efficient, decrease risk and boost profits. For more information, visit http://www.signix.com.
About Horizon Technology Finance
Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. The investment objective of Horizon is to maximize total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, Horizon has regional offices in Walnut Creek, California and Reston, Virginia. Horizon's common stock trades on the NASDAQ Global Select Market under the ticker symbol "HRZN". To learn more, please visit www.horizontechnologyfinancecorp.com.
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and 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. Horizon 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.