Square 1 Bank announces that it has provided $4 million credit facility to GTxcel
Headquartered in Berkeley, CA, GTxcel offers publishers a suite of content aggregation and delivery products, including digital editions, mobile applications, and responsive websites
MENLO PARK, Calif. – February 3, 2014 — Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $4 million credit facility to GTxcel, Inc., a leader in digital publishing solutions. Proceeds of the credit facility will provide working capital to support the company’s future growth.
Headquartered in Berkeley, CA, GTxcel offers publishers a suite of content aggregation and delivery products, including digital editions, mobile applications, and responsive websites. Leveraging responsive design to serve readers across desktop and mobile devices, GTxcel is on the forefront of publishing innovation. The company also provides marketing services and monetization strategies to aid clients in their digital efforts.
“Working with Square 1 Bank is the perfect fit for GTxcel,” says Peter Stilson, CEO of GTxcel. “Square 1 understands our leadership position in the magazine publishing space and where we are going. GTxcel is expanding into new markets, having recently become a Xerox Business Innovation Partner, so publishers of all sizes can take advantage of digital and mobile delivery.”
Ron Kundich, founder and senior vice president at Square 1 Bank added, “Square 1 is excited to partner with GTxcel, an established leader in digital services and content management. Their recently announced partnership with Xerox will be a game-changer in the industry, and we look forward to supporting the company’s growth over the coming years.”