NORWALK, CT--(BUSINESS WIRE)--April 3, 2006--GE Commercial Finance - Technology Lending, a unit of Global Media & Communications, announced today that it has opened a Palo Alto, Calif. office. Kjerstin Barley, Senior Vice President, will initially staff the office, reporting to John Kinnaman, Managing Director, GE Commercial Finance - Technology Lending. Additional team members will be added during the second quarter. The office is located at 400 Hamilton Avenue, Suite 220, Palo Alto, CA 94301.
"Technology is a strategically important sector for GE Commercial Finance. Establishing this new Palo Alto office demonstrates our commitment to this dynamic sector and to the broader West Coast technology community," said Kinnaman. "We look forward to growing our lending business in this critically important region by providing creative financing solutions to those companies with solid foundations and sustainable business models."
From the Palo Alto location, GE's Technology Lending executives will focus on venture-backed companies in the following sectors:
Semiconductors, Software/Applications, Networking/Applications, Communications Infrastructure/Applications, IT Services, Internet Services, Media/Content, Consumer Electronics and Clean Energy Technology.
About Technology Lending
GE Commercial Finance - Technology Lending (getechnologylending.com) provides debt financing to technology-related businesses. Industry segments include Semiconductors, Software/Applications, Networking/Applications, Communications Infrastructure/Applications, IT Services, Internet Services, Media/Content, Consumer Electronics and Clean Energy Technology. Technology Lending is a business unit of GE Commercial Finance - Global Media & Communications. With over $5 billion in assets, offices in Atlanta, Chicago, London, New York, Norwalk, San Francisco and resources in Asia-Pacific, Global Media & Communications represents a one-stop source for the comprehensive range of GE's lending and other structured financial services offered to the telecom, media, technology and sports & entertainment marketplace. For more information, visit gegmc.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $190 billion and is headquartered in Stamford, Connecticut. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.
Contacts
GE Commercial Finance
Ned Reynolds, 203-229-5717
[email protected]
or
CJP Communications
Vu Chung, 212-279-3115 x205
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340