KIRKLAND, Wash. –Comerica (NYSE: CMA), a leading financial services company, announced today that its Technology and Life Sciences Division has provided digiMine™, Inc., the leader in e-business analytics and data mining solutions for business people, with a $2.9 million credit facility.
“Comerica is committed to serving the needs of technology and life sciences companies at every stage of their lifecycle, ” said James Ellison, senior vice president and managing director of Comerica’s Northwest Technology and Life Sciences Division. “We’ve had the privilege of supporting digiMine through several growth phases and we are pleased to further expand our relationship once again. We look forward to continuing to work with this innovative company as it grows.”
By providing data mining and data warehousing as managed services, digiMine helps customers leverage their data for better marketing, sales and service operations. Founded in March 2000, digiMine has already attracted a number of Fortune 1000 customers. The company closed a $20.3 million C round of financing in mid-May 2002.
“We are impressed that Comerica caters its products and services to meet the needs of technology companies,” said Ron Cook, digiMine’s CFO. “As a fast-growing technology solution provider, we value partners that understand the unique opportunities and challenges of our business.”
digiMine is setting new standards for the delivery of powerful data mining and analytics. digiMine managed data mining solutions transform raw data into actionable business intelligence for more profitable marketing campaigns, sales interactions and customer relationships. The company’s solutions are powered by a managed data warehouse and delivered via the Internet, providing fast deployment, a low total cost of ownership and outstanding return on investment. For additional information about digiMine call (425) 460-5000 or visit the company Web site at www.digiMine.com.
About Comerica’s Technology and Life Sciences Division Comerica’s Technology and Life Sciences Division is one of the nation’s leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 19 offices located across the U.S., Comerica’s Technology and Life Sciences Division serves all major technology centers. Comerica is the 17th largest banking company in the nation, with $50 billion in assets. For more information, visit www.comerica.com.
By: Kurt Peters