Horizon Technology Finance Closes $1.5 Million Venture Loan to StreamBase
FARMINGTON, Conn. and BOSTON, May 17, 2012 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $1.5 million venture loan to StreamBase Systems, Inc. ("StreamBase"), a leader in high-performance Complex Event Processing (CEP). The funds will be used to support the growth and expansion of the StreamBase business.
Gerald A. Michaud, President of Horizon, stated, "We are pleased to provide this venture loan to StreamBase in support of the company's strong market position and attractive growth prospects. StreamBase is a leader in Complex Event Processing, with a significant customer base and strong revenue growth. With our continued support, the company will now invest additional capital to grow their new real-time analytics platform, StreamBase LiveView."
Mark Palmer, CEO of StreamBase, stated, "Horizon's flexible financing solutions and extensive knowledge of our industry provide an ideal partner for our company. We appreciate Horizon's ongoing support as we invest in development and marketing of StreamBase LiveView, our new push-based real-time analytics platform."
About Horizon Technology Finance
Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries. The investment objective of Horizon Technology Finance is to maximize total risk-adjusted returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants to purchase the equity of portfolio companies. Headquartered in Farmington, Connecticut, with a regional office in Walnut Creek, California,
the Company is externally managed by its investment advisor, Horizon Technology Finance Management LLC. Horizon's common stock trades on the NASDAQ Global Select Market under the ticker symbol, "HRZN." In addition, the Company's 7.375% Senior Notes due 2019 trade on the New York Stock Exchange under the ticker symbol "HTF." To learn more, please visit www.horizontechnologyfinancecorp.com.
StreamBase provides solutions for real-time analytics. StreamBase's products include StreamBase LiveView™ and StreamBase CEP, in addition to connectivity to over 150 data sources and an ultra-low latency FIX engine.
StreamBase Complex Event Processing (CEP) enables the rapid development and deployment of real-time analytical applications, with pre-built integration for streaming and historical data, visualization engines and statistical tools. StreamBase LiveView is a push-based real-time analytics solution that enables business users to analyze, anticipate and alert on important business events in real-time, and act on opportunities or threats as they occur.
StreamBase customers include CME Group, Thomson Reuters, SunGard, BM&FBOVESPA, the Santiago Stock Exchange, ConvergEx Group, RBC Capital Markets, CMC Markets, GAIN Capital, City Index, Linden Lab, Orbitz and BlueCrest Capital Management. The company is headquartered in Lexington, Massachusetts with offices in New York and London. In 2010, the World Economic Forum awarded StreamBase the title of Technology Pioneer. For more information, please visit www.streambase.com.
Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These statements 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. The Company 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.
CONTACT: Horizon Technology Finance Corporation
Christopher M. Mathieu
Chief Financial Officer
Investor Relations and Media Contacts:
The IGB Group
Leon Berman / Michael Cimini
(212) 477-8438 / (212) 477-8261
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Source: Horizon Technology Finance Corporation
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