Dialtone Internet Establishes Financing Relationship With [...]

Dialtone Internet Establishes Financing Relationship With Silicon Valley Bank

📅 June 12, 2001 - Silicon Valley Bank (svb.com), which specializes in providing credit and finance services to upstart tech firms, announced today that it had established a financing relationship with Ft. Lauderdale-based Dialtone Internet Inc (dialtoneinternet.com).

It is the second financial firm to invest Dialtone since last August. In the summer of 2000 Florida-based CrossBow Ventures pumped $2.0 million worth of financing in to the fledgling company, which provides a suite of Linux-based hosting services.
"[Dialtone CEO] Al Albarracin has done an excellent job building the business and driving growth," said Jeff White, manager of Silicon Valley Bank's West Palm Beach, Florida office. "He has a solid team around him, a strong growth rate, a top investor in Crossbow Ventures and positive cash flow. In this market environment, there aren't many companies containing all of these elements."

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