Square 1 Bank Announces Credit Facility to MontageNovember 16, 2016
Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $2 million credit facility to new client Montage, a leading provider of voice and video interviewing solutions for Global 5000 enterprises. Proceeds from the facility will provide working capital to support the company’s continued growth.
Based in Delafield, Wisconsin, Montage reduces costs and increases efficiency and engagement in the hiring process. Its cloud-based, software-as-a-service platform for voice and video interviewing is designed to serve the complex needs of large, global companies. Montage also supports its digital interviewing technology with superior customer service, including providing a representative on every interview.
David Matre, chief financial officer of Montage, said, “As Montage continues to execute its significant growth plans, it was important to find a credit and cash management partner that not only could provide expansion capital, but one who truly understands our business. Square 1 fits this bill perfectly. We look forward to working with the Square 1 team as we continue to develop global talent acquisition solutions for our clients.”
“Square 1 is proud to support Montage as they transform traditional interviewing and talent acquisition for enterprises,” added Ross Mires, vice president of Square 1’s technology banking practice in the Midwest. “CEO Kurt Heikkinen, CFO David Matre and the Montage team are committed to solving a significant pain point for corporations seeking to hire more efficiently and effectively. Square 1 is excited to provide flexible capital to further assist the company in its mission to transform the hiring experience.”
About Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.
Montage offers the most mature video and voice interviewing solution available, purpose-built to transform the hiring experience one smile at a time. Applying an enterprise software-as-a-service (SaaS) model, Montage is the solution of choice for companies pursuing a hiring advantage. By extending talent reach, elevating employer brand, reducing travel, and minimizing costs, Montage engages candidates and hiring teams throughout the process, driving faster decisions and improving quality of hire. A privately held company, Montage is headquartered in Delafield, Wisconsin and located on the Web at www.montagetalent.com.
Square 1 Bank, a division of Pacific Western Bank