Nexus to Receive $80 Million in Credit Facility from GE Capital

Based in Valencia, California, Nexus announced on February 18, 2011, that it has just received an $80 million credit facility from GE Capital, which is the venture capital and strategic corporate financing arm of General Electric. The GE Capital headquarters are located in Hoffman Estates, Illinois, and has offered the credit facility to Nexus because of the potential that the technical solutions provider can provide General Electric. This is not the first financing that Nexus has received from GE Capital. The company has first received a $2 million in 2004 to allow for the company to continue to build its business and develop its products.

Nexus is a technical solutions developer which has been around for quite some time. Some of the products and services include unified communications that many organizations and large companies need to keep operations running smoothly. The solutions that Nexus provides include integrated mobility features, IP soft phones, messaging, unified, or standard voicemail, and more. The company has also merged together with CISCO Systems to broaden its resources in the tech industry. Nexus also offers data protection systems that can help large organizations protect their sensitive corporate data from falling into the wrong hands. There are many other technical solutions that Nexus provides to its clients in both the private and public sectors.

Besides being in a partnership with CISCO Systems, Nexus is also in partnerships with many other large tech and software companies, such as Microsoft, NEC, and EMC.

According to Deron Pearson, President and CEO of Nexus, the amazing growth that the company has experienced over the past years would not have been possible if Nexus did not have a good partnership with GE Capital. Furthermore, Mr. Pearson further added that this large credit facility his company has received from GE Capital will help it in its growth trajectory.

On the side of GE Capital, the team is also happy with the growth that Nexus has experienced. Mr. Tom Grathwohl, managing director of the CDF Technology Financing Unit at GE Capital stated that the team at GE Capital was happy to raise the original $2 million credit facility in 2004 to the $80 million and will continue to work together with key partners who work together with Nexus, such as CISCO Systems to advance the growth of the company.

As the financial arm of General Electric, GE Capital has financed over 30,000 companies and businesses who are in the tech industry across the United States and across the globe. GE Capital also helps consumers as well as businesses with different financial services.