Posts tagged “Square 1”

May 13, 2015

Premium Lock Samsung's 'smart' push; Square 1 exec changes; ChannelAdvisor layoffs; honoring Sagan; liquid biopsies

Bulldog In today's Bulldog wrapup of technology and life science news: Samsung launches a new push into "smart" devices; executive changes at Square 1 Bank; ChannelAdvisor confirms layoffs; honoring Carl Sagan; and new liquid biopsies could transform cancer treatment.

Updated March 2, 2015

Premium Lock Square 1-PacWest $847M deal: A graphical view

In a filing with the SEC early Monday, Durham's Square 1 Bank and PacWest spelled out the financials they say drove the decision of the two financial institutions to merge. Here's a look.

How Square 1 has grown How Square 1 has grown

Updated March 2, 2015

Premium Lock Square 1 Bank is sold to California bank in deal worth $849M

Square 1 team at IPO last year Durham's Square 1 Bank, which focuses on the venture capital industry, is being sold to California-based PacWest Bancorp in a deal worth $849 million. The banks announced the deal early Monday.

October 28, 2014

Premium Lock CanvasonDemand hiring in Raleigh; Apple Pay tops 1M; Twitter stock falters; RTP-based Implus buys Austin firm; Square 1 Bank shares rise

Bulldog Bulletin In today's Bulldog news wrapup: Raleigh-based CanvasonDemand is hiring; Apple's Tim Cook touts Apple Pay; RTP-based Implus makes another acquisition; Twitter shares take a hit; Square 1 shares rise

September 5, 2014

Premium Lock Marketing tech firm Netsertive raises $10M, gears for growth

Netsertive, a member of the Inc. 5000 for the second consecutive year, is leveraging its growth into new funding with $7 million in a credit facility from Square 1 Bank and $3 million from investors.

How Netsertive works How Netsertive works

Updated August 26, 2014

Premium Lock Red Hat beefs up 'cloud;' Heat Bio-Square 1 $7.5M deal; VM vs. EMC?; Tivo's non-cable recorder

Bulldog In the latest Bulldog wrapup of technology and life science news: Red Hat unveils new cloud product; Heat Biologics lands $7.5 million in financing from Square 1; VMware targets cloud; Tivo's new recorder for "cord-cutters."

Updated April 30, 2014

Premium Lock Square 1 Bank's first financial report tops analyst's expectations

Square 1 team at IPO last year The first quarterly financial results disclosed early Wednesday by Durham's Square 1 Bank show a profit of 31 cents per share, or $7.8 million. That's more than double what Square 1 earned a year earlier and topped the expectations of a Wall Street analyst following the firm, which went public in March.

Updated March 28, 2014

Premium Lock Square 1 Bank shares show some 'pop,' surge 15% after IPO

Square 1 Bank CEO Doug Bowers ran the opening bell on Nasdaq today as the Durham-based venture capital focused bank goes public. Its shares priced at $18, above the forecast range of $15 to $17. Shares immediately surged 12 percent. and hit a high of $20.70.

Square 1 team at IPO last year Square 1 team at IPO last year

Updated March 26, 2014

Premium Lock Does 'Midas List' of VCs show big reason why Triangle lacks investment capital?

Forbes  The chase for venture capital has always been a "chicken vs. egg" debate. But what if it's really chicken (capital) vs. egg (ideas) vs. hatchery (VCs)? Can you have a productive venture capital-sparked startup community like Silicon Valley without top-drawer VCs?

Updated March 25, 2014

Premium Lock Countdown to launch for Square 1 IPO enters final 3 days

The Durham-based venture capital focused bank looks to raise $45.5 million after expenses and investors are hoping to cash out a similar amount when its IPO is executed on Thursday.

Square 1 Bank snapshot Square 1 Bank snapshot

Updated March 17, 2014

Premium Lock Square 1 aims to raise as much as $119M in going public

In its latest SEC filing, Durham-based Square 1 Bank says it plans to offer some 7 million shares at a price range of $15 to $17 each. The company recently said it hoped to raise around $57 million.

Square 1's growing profits Square 1's growing profits

Updated March 7, 2014

Premium Lock Square 1 profits; NC IDEA deadline; CED's 'Raising Dough;' Mohu kickstarter; Global NEXT mentoring

Gold  Today's "Startup blog" - the first in a regular addition to WRALTechWire's lineup - focuses on Triangle and NC startups, an IPO update, and a kickstarter success. Check out details about Square 1 Bank, NC IDEA's application deadline, CED's fund-raising series, Mohu's kickstarter success, and a mentoring program from Up Global NEXT.

Updated February 28, 2014

Premium Lock IPO Watch: Scynexis joins Square 1 in pipeline of Triangle firms going public

Wall Street Quintiles led the class of Triangle IPOs in the last year at nearly $1 billion in value, but ChannelAdvisor's stock is showing remarkable strength. So is Aerie Pharmaceuticals. With Scynexis filing to go public Thursday, WRALTechWire updates what has happened on the stock "exit route" for regional firms and how their stocks have fared since.

Updated January 29, 2014

Premium Lock As IPO nears, Square 1's financials show profit growth

Square 1 Bank    Square 1 Bank's latest financials show increasing profit in recent years as the Durham-based financial firm focused on the venture capital industry gears up for a possible $58 million initial public offering. What's driving the growth?

January 7, 2014

Premium Lock Square 1 Bank files to go public but offers few details

Durham-based Square 1 Bank, which launched in 2005 and has grown steadily over the years to develop a national presence while focused on clients related to the venture capital industry, plans to go public with a stock offering. Like the firms they work with through Square 1, investors are looking for an "exit."

Square 1 Bank    Square 1 Bank

Updated August 20, 2013

Premium Lock Square 1 Bank strikes credit deal with LED firm

Square 1 Bank  The Durham-based bank, which focuses on the venture capital industry and related companies, is providing a credit facility to NanoLumens.

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