Concurrent, a provider of on-demand technology for video and other services, has secured a $10 million credit facility with Silicon Valley Bank.

The new agreement replaces one with SVB that expired on Dec. 23.

“SVB’s agreement to this new credit facility is a vote of confidence in our business plan and our product lines,” said Greg Wilson, Concurrent’s chief financial officer. “This continued access to working capital will strengthen our financial flexibility and allow us to grow our business both domestically and overseas.”

Concurrent works with various cable TV providers such as Time Warner, Comcast and Cox Communications.