Peopleclick Secures $15 Million Line of Credit; Debt Financing from RBC Centura to Support Expansion Plans.RALEIGH, N.C. -- Peopleclick Inc., the leading total workforce acquisition provider for global companies, today announced it has entered into a $15 million debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay agreement with 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 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 ) division. "This agreement demonstrates RBC Centura's confidence in Peopleclick's ability to execute on our strategy," said Stephen A. Sasser, 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 Peopleclick. "This new flexible financing gives us additional working capital when needed to accelerate our growth plans, including pursuing acquisition opportunities that will expand our product and service offerings." In 2004, Peopleclick signed more than 190 clients, hired more than 90 employees and enjoyed its seventh consecutive quarter of profitability in the December quarter. The company was also recently named to Forbes' Ten To Watch in 2005 list, which recognizes privately funded technology companies with impressive sales growth and unique products and services." "RBC Centura's KBI group focuses on helping technology companies at all stages of the life cycle and has worked with Peopleclick since 2002. In fact, RBC Financial Group is a client and a member of Peopleclick's Client Advisory Board," said Brent Keating, Group Executive at RBC Centura's KBI office in Raleigh, N.C. "Peopleclick has a top-notch management team and client base, and we are proud to support the company's continued success and growth through new financing." About Peopleclick, Inc. Raleigh, N.C.-based Peopleclick, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in 1997, is one of the world's leading enterprise-wide Total Workforce Acquisition providers. Peopleclick provides a holistic solution that includes products, services and expertise encompassing recruitment and vendor management, diversity planning and EEO/Affirmative Action compliance. Peopleclick currently serves more than 2,500 customers in 97 countries, including 54 of the Fortune 100. For more information on Peopleclick's products and services, visit www.peopleclick.com or call 1-877-820-4400. 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 subsidiary, RBC Builder Finance. 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 NYSE See: New York Stock Exchange , TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : RY). RBC was recently named "Canada's Most Respected Corporation -2004" by the Globe and Mail for the third year in a row. RBC Centura's Knowledge Based Industries division is a specialized banking group focused on meeting all banking needs of companies in the technology and life sciences industries. With its life cycle approach, the KBI group works with clients ranging from early-stage, venture-backed companies to mature private and public companies. Additional information about RBC Centura may be found at www.rbccentura.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion