Nexidia Closes $3 Million Credit Facility with RBC Centura Bank's Knowledge Based Industries Group.RALEIGH, N.C. -- Nexidia, the leading provider of audio search and speech analytics solutions, today announced that it has closed a $3 million credit facility with RBC Centura RBC Centura is the U.S. retail banking division of Royal Bank of Canada (RBC). The bank's headquarters are located in Raleigh, North Carolina. It was acquired by RBC in 2001. Services include banking, investment, loan, mortgage, and life insurance. Bank's (NYSE NYSE See: New York Stock Exchange :RY)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :RY) Knowledge Based Industries (KBI KBI Kansas Bureau of Investigation KBI Key Business Indicators KBI Knowledge Based Information KBI Knowledge-Based Industry KBI Key Buying Influence (marketing) KBI Key Business Initiative ) specialty banking group. The Company plans to use this facility to address its working capital needs as it continues to experience solid growth. "This past year has delivered record results to Nexidia," said John Willcutts, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Nexidia. "RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Centura's credit facility will assist us addressing our capital needs as we meet growing demand in 2006. The KBI Group at RBC Centura understands Nexidia's potential and has stepped up to the plate, adding significant value to support our growth." Nexidia's unique patent-pending phonetic speech technology enables all qualities of audio to be rendered searchable at more than 55 times real time. The Nexidia solution enables audio to be marked and searched phonetically in more than 18 languages. It is this core phonetic technology and non-dictionary based approach that is key to Nexidia's ability to generate accurate, meaningful results. In the last few months, Nexidia announced the addition of a new business unit to address the media search market, the addition of UK English to its language portfolio, and the launch of its consulting practice. "We are pleased to be able to support Nexidia's continued growth with this new credit facility," said Brendan McGuire, vice president of RBC Centura's Knowledge Based Industries Group. "RBC Centura's KBI Group specializes in the financing of such promising, venture-backed companies, and supporting them as they grow to the next level. We look forward to being Nexidia's long-term financial partner." About Nexidia Nexidia is a leading provider of highly scalable, highly accurate audio mining and speech analytics software. By transforming audio data into actionable intelligence Having the necessary information immediately available in order to deal with the situation at hand. With regard to call centers, it refers to agents having customer history and related product data available on screen before the call is taken. , Nexidia allows both government and commercial enterprises to leverage untapped information previously locked away in audio files. Based on years of research and development, Nexidia Enterprise Speech Intelligence's phonetic engine is the only tool that allows the user to search on proper names, places, industry terms and jargon without extensive training and cumbersome dictionaries. And unlike speech-to-text solutions, Nexidia's phonetic approach makes it the fastest, most accurate, and highly scalable tool for audio analytics and search on the market today. About RBC Centura Bank's Knowledge Based Industries Group RBC Centura Bank's Knowledge Based Industries Group serves technology companies using its Life Cycle approach to business banking. KBI's experienced team of technology-savvy bankers provides a full suite of services including credit, cash management, and international services to information technology and life science companies in all stages of their life cycle. In addition, KBI leverages the resources of RBC Financial Group, which includes RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
About RBC Centura RBC Centura offers a wide range of financial services and advice, including a complete line of banking, investment, loan, mortgage, life insurance, and other services, to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multifaceted customer access network includes more than 270 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its RBC Builder Finance division. According to the Federal Reserve, RBC Centura is the 50th largest U.S. commercial bank as of June 2005. RBC Centura Banks, Inc., is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (RBC) (NYSE, TSX: RY). Additional information about RBC Centura may be found at www.rbccentura.com. |
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