FARMINGTON, Conn. and
COLUMBIA, Md., March 26, 2013 /PRNewswire/ -- 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 science, healthcare information
and services, and clean-tech industries, today announced that it
has closed a $5.5 million venture
loan facility to Lotame Solutions, Inc. ("Lotame"), the leading
data management platform for publishers, ad networks and marketers,
to support the firm's continued growth.
With Horizon's financial support, Lotame plans to strengthen
global initiatives across five continents, and make key hiring
decisions to expand the sales, technology, and executive
teams. These efforts are part of Lotame's marketing strategy
aimed at boosting adoption of their data management technology
platform on a worldwide scale.
"Lotame is an exciting company with a strong entrepreneurial
spirit," stated Gerald A. Michaud,
President of Horizon. "As Lotame continues to meet its strategic
goals, we are pleased to provide the company with important growth
capital to accelerate the sales and marketing of its innovative
data management platform."
"We appreciate the support and confidence in Lotame shown by
Horizon with its $5.5 million venture
loan facility," said Andy Monfried,
Founder & CEO of Lotame. "Horizon and its financing
products came highly recommended to us, and its experienced team
delivered a financing solution that provides us with the additional
liquidity we need to execute our business plan and meet the strong
and growing demand for our data management products and services."
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 regional offices
in Walnut Creek, California and
Reston, Virginia, 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.
About Lotame
Lotame is the global leader in unifying
data management, empowering innovative publishers, networks, and
brands to unlock the full value of their audience data. Clients
leverage Lotame's Unifying DMP, Crowd Control® to collect
unstructured audience data from disparate sources anywhere, and
organize it into one user friendly interface to convert that
audience data into action, insights and intelligence everywhere.
With Lotame, publishers, networks and brands can make informed
decisions, build unique products and drive positive business
outcomes from their data assets. For more information, visit
www.lotame.com.
Forward-Looking Statements
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.
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
|
Investor
Relations and Media Contacts:
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Christopher M. Mathieu
|
The IGB
Group
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Chief
Financial Officer
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Leon
Berman / Michael Cimini
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(860)
676-8653
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(212)
477-8438 / (212) 477-8261
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chris@horizontechfinance.com
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lberman@igbir.com /
mcimini@igbir.com
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SOURCE Horizon Technology Finance Corporation